N
FRIDAY, DECEMBER 28, 1990
WAS
ORIGIN AND
ON RE-EXPORTS, THE FURTHER SUBSTANTIAL GROWTH IN NOVEMBER SUPPORTED BY RAPID INCREASES IN BOTH RE-EXPORTS OF CHINA RE-EXPORTS TO CHINA.
AS REGARDS RETAINED IMPORTS, THE GROWTH RATE IN VALUE TERMS
ADJUSTING FOR THE RE-EXPORT MARGIN) WAS AROUND 33 PER CENT
(AFTER NOVEMBER.
IN
THUS THE GROWTH RATE OF RETAINED IMPORTS HAD BEEN ACCELERATING FOR FIVE CONSECUTIVE MONTHS. THIS SHOULD HAVE FAVOURABLE IMPLICATIONS FOR BOTH LOCAL DEMAND AND DOMESTIC EXPORTS IN THE COMING MONTHS.
THE SPOKESMAN, HOWEVER, POINTED OUT THAT THE VARIOUS GROWTH RATES RECORDED FOR NOVEMBER WERE AFFECTED BY A RELATIVELY LOW BASE OF COMPARISON IN THE SAME MONTH LAST YEAR.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES FOR NOVEMBER 1990.
MERCHANDISE: DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
COMPARATIVE FIGURES
LATEST THREE MONTHS
SEP 90 TO NOV 90 HK$ MN.
63,588
DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
$21,878 MILLION
$42,705 MILLION
$64,583 MILLION
$64,092 MILLION $491 MILLION
[IN SURPLUS ]
SEP 89 TO
INCREASE
NOV 89 HK$ MN.
HK$ MN.
%
59,803
3,785
6.3
119,643
92,466
27,177
29.4
183,231
152,269
30,962
20.3
181, 152
142,015
39,137
27.6
2,079
10,254
-8,175
SAME MONTH LAST YEAR
NOVEMBER 1990
HK$ MN.
NOVEMBER 1989 HK$ MN.
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
21,878
19,412
2,466
12.7
(% OF TOTAL EXPORTS}
(33.9%)
(39.2%)
RE-EXPORTS
42,705
30,046
12,659
42.1
TOTAL EXPORTS
64,583
49,458
15, 125
30.6
J
IMPORTS
64,092
46,344
17,748
38.3
TRADE BALANCE
491
3,114
-2,623
/LAST MONTH