WEDNESDAY, APRIL 24, 1991
+
30
PUTTING THESE FIGURES INTO PERSPECTIVE, THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY $2,042 MILLION AND $21, 198 MILLION, OR 4.4% AND 25.5% OVER A YEAR EARLIER, TO $48,502 MILLION AND $104,347 MILLION IN THE FIRST QUARTER OF 1991.
THE VALUE OF TOTAL EXPORTS, AT $152,849 MILLION, WAS $23,240 MILLION OR 17.9% HIGHER THAN A YEAR EARLIER. OVER THE SAME PERIOD, THE VALUE OF IMPORTS INCREASED BY $29,994 MILLION OR 22.6% TO $162,675 MILLION. IN THE FIRST QUARTER OF 1991, A VISIBLE TRADE DEFICIT OF $9,826 MILLION, EQUIVALENT TO 6.0% OF THE VALUE OF IMPORTS, WAS RECORDED.
THIS COMPARES WITH A DEFICIT OF $3,072 MILLION, EQUIVALENT TO 2.3% OF THE VALUE OF IMPORTS, RECORDED IN THE SAME QUARTER LAST YEAR.
COMMENTING ON THE MARCH TRADE FIGURES, A GOVERNMENT SPOKESMAN POINTED OUT THAT THE GROWTH RATE OF RE-EXPORTS, THOUGH LOWER THAN THE PRECEDING MONTHS, WAS STILL QUITE SIGNIFICANT.
IN
HE ALSO NOTED THAT THERE WAS A SUSTAINED INCREASE IN RETAINED IMPORTS, WHICH REGISTERED YEAR-ON-YEAR GROWTH RATES IN VALUE TERMS OF 13% IN MARCH AND 19.1% IN THE FIRST QUARTER.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES FOR MARCH 1991.
MERCHANDISE:
DOMESTIC EXPORTS :
$14,980 MILLION
RE-EXPORTS
$33,865 MILLION
TOTAL EXPORTS
$48,845 MILLION
IMPORTS
TRADE BALANCE
$57,006 MILLION $8,161 MILLION
[IN DEFICIT]
COMPARATIVE FIGURES
LATEST 3 MONTHS
JAN 91 TO MAR 91
HK$ MN.
JAN 90 TO MAR 90 HK$ MN.
INCREASE
HK$ MN.
DOMESTIC EXPORTS
48,502
46,460
2.042
4.4
(% OF TOTAL EXPORTS)
(31.7%)
(35.8%)
RE-EXPORTS
104,347
83,149
21,198
25.5
TOTAL EXPORTS
152,849
129,609
23,240
17.9
IMPORTS
162,675
132,681
29,994
22.
6
TRADE BALANCE
-9,826
-3,072
-6,754
SAMB MONTH LAST YEAR
MARCH 1991
HK$ MN.
MARCH 1990 HK$ MN.
INCREASE
HK$ MN.
DOMESTIC EXPORTS
14,980
16,512
-1,532
-9.3
[% OF TOTAL EXPORTS)
(30.7%)
(34.9%)
RE-EXPORTS
33,865
30,743
3,122
10.2
TOTAL EXPORT'S
48,845
47.255
1,590
3.4
IMPORTS
57,006
51.117
5,889
11.5
TRADE BALANCE
9.161
-3,862
-4,299
/LAST MONTH