1 -
TUESDAY, AUGUST 20, 1991
1ST QUARTER TRADE WITH CHINA OF OUTWARD PROCESSING NATURE
IN THE FIRST QUARTER OF 1991, SOME 67% OF HONG KONG'S IMPORTS FROM CHINA WAS RELATED TO OUTWARD PROCESSING, ACCORDING
FIGURES RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY (TUESDAY).
ON THE OTHER HAND, SOME 56% OF HONG KONG'S TOTAL EXPORTS ΤΟ CHINA WAS FOR OUTWARD PROCESSING; THE FIGURE WAS 79% FOR DOMESTIC EXPORTS, AND 47% FOR RE-EXPORTS TO CHINA.
57%
THE CORRESPONDING PROPORTIONS IN THE FIRST QUARTER OF 1990 WERE FOR IMPORTS, 56% FOR TOTAL EXPORTS, 77% FOR DOMESTIC EXPORTS AND 48% FOR RE-EXPORTS.
TO PROVIDE A BETTER UNDERSTANDING OF THE NATURE AND IMPORTANCE OF OUTWARD PROCESSING IN CHINA BY HONG KONG FIRMS, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SAMPLE SURVEY AS FROM THE THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S EXPORTS TO CHINA BOTH DOMESTIC EXPORTS AND RE-EXPORTS INTO THOSE WHICH ARE FOR OUTWARD PROCESSING AND THOSE WHICH ARE NOT.
THE SCOPE OF THE SURVEY HAS ALSO BEEN EXTENDED AS FROM THE FIRST QUARTER OF 1989 30 AS TO SEGREGATE HONG KONG'S IMPORTS FROM: CHINA INTO THOSE WHICH ARE RELATED TO OUTWARD PROCESSING AND THOSE WHICH ARE NOT. THE RESULTS FOR THE FIRST QUARTER OF 1991 ARE NOW AVAILABLE.
IN
IN VALUE TERMS, SOME $38,071 MILLION OF IMPORTS FROM CHINA THE FIRST QUARTER OF 1991 WERE RELATED TO OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 45% OVER THE SAME QUARTER LAST YEAR.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF TOTAL EXPORTS TO CHINA FOR OUTWARD PROCESSING INCREASED BY 22% TO $21,505 MILLION.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS ΤΟ CHINA FOR OUTWARD PROCESSING GREW BY 13% TO $7,881 MILLION AND 28% TO $13,824 MILLION RESPECTIVELY.
THE ESTIMATES FOR THE FIRST QUARTER OF 1991 AND CHANGES OVER THE SAME QUARTER IN 1990 ARE SUMMARISED IN THE TABLE BELOW:
/TOTAL VALUE