3
THURSDAY, SEPTEMBER 26, 1991
A GOVERNMENT SPOKESMAN COMMENTED THAT THE SUSTAINED ROBUST PERFORMANCE OF RE-EXPORTS WAS SUPPORTED BY THE STRONG GROWTH EXPORTS INVOLVING CHINA IN BOTH DIRECTIONS.
IN RE-
THE MILD DECLINE IN THE VALUE OF DOMESTIC EXPORTS IN AUGUST WAS
OF MODERATE INDICATE A REVERSAL OF THE TREND TO
RECOVERY UNLIKELY EXPERIENCED IN MANUFACTURING ACTIVITIES SO FAR THIS YEAR, THOUGH RECOVERY APPEARS TO BE SOMEWHAT LESS STEADY THAN EXPECTED.
THE
FURTHER RECOVERY IN MANUFACTURING ACTIVITIES AND DOMESTIC GROWTH IN DEMAND IS TO SOME EXTENT EVIDENCED BY THE CONTINUED RAPID RETAINED IMPORTS, BY 17.3% IN VALUE TERMS IN THE FIRST EIGHT MONTHS OF 1991 OVER THE SAME PERIOD IN 1990.
FOLLOWING
IS A TABLE PRESENTING THE PROVISIONAL TRADE
FIGURES
FOR AUGUST 1991:
MERCHANDISE:
DOMESTIC EXPORTS :
$20,364 MILLION
RE-EXPORTS
$47,205 MILLION
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
$67,569 MILLION $66,755 MILLION $814 MILLION
[IN SURPLUS]
COMPARATIVE FIGURES
JUN 91 TO
JUN 90 TO
INCREASE
LATEST 3 MONTHS
AUG 91
HK$ MN.
AUG 90 HK$ MN.
HK$ MN.
*
DOMESTIC EXPORTS
60,354
60,383
-29
-0.0
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
138,027
108,693
29,334
27.0
198,381
169,076
29,305
17.3
199,429
162,204
37,225
22.9
-1,048
6,872
-7,920
SAME MONTH LAST YEAR
AUGUST 1991
HK$ MN.
AUGUST 1990 HK$ MN.
INCREASE
HK$ MN.
x
DOMESTIC EXPORTS
20,364
21,128
-764
-3.6
(% OF TOTAL EXPORTS)
(30.1%)
(36.5%)
RE-EXPORTS
47,205
38,304
8,901
23.2
TOTAL EXPORTS
67,569
59.432
8,137
13.7
IMPORTS
66.755
55,704
11,051
19.8
TRADE BALANCE
814
3,728
-2,914
LAST MONTH
AUGUST 1991 HK$ MN.
JULY 1991
INCREASE
HKS MN.
HK$ MN.
/DOMESTIC EXPORTS