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THURSDAY, MAY 21, 1992
THE CORRESPONDING PROPORTIONS IN THE FOURTH QUARTER OF 1990 WERE 62% FOR IMPORTS, 60% FOR TOTAL EXPORTS, 80% FOR DOMESTIC EXPORTS AND 51% FOR RE-EXPORTS.
FOR THE WHOLE YEAR OF 1991, 68% OF HONG KONG'S IMPORTS FROM CHINA WAS RELATED TO OUTWARD PROCESSING.
ON THE OTHER HAND, 55% OF HONG KONG'S TOTAL EXPORTS ΤΟ CHINA WAS FOR OUTWARD PROCESSING; THE FIGURE WAS 77% FOR DOMESTIC EXPORTS, AND 48% FOR RE-EXPORTS TO CHINA.
THE CORRESPONDING PROPORTIONS IN 1990 WERE 62% FOR IMPORTS, 59% FOR TOTAL EXPORTS, 79% FOR DOMESTIC EXPORTS AND 50% FOR RE-EXPORTS.
THE DECREASES IN THE PROPORTIONS OF EXPORTS TO CHINA FOR OUTWARD PROCESSING AS RECORDED IN THE FOURTH QUARTER AND THE WHOLE YEAR OF 1991 REFLECT THAT HONG KONG'S EXPORTS FOR MEETING DOMESTIC DEMAND IN CHINA, NAMELY EXPORTS TO CHINA NOT DESTINED FOR OUTWARD PROCESSING, INCREASED AT A FASTER PACE THAN OUTWARD PROCESSING TRADE DURING THE PERIOD.
THIS IS IN LINE WITH THE INCREASING DOMESTIC DEMAND IN CHINA FOR IMPORTED GOODS.
IMPORTANCE
TO ENHANCE A BETTER UNDERSTANDING OF THE NATURE AND OF OUTWARD PROCESSING TRADE IN CHINA, THE CENSUS AND STATISTICS DEPARTMENT HAS BEEN CONDUCTING A SURVEY SINCE
THIRD QUARTER OF 1988 TO DISTINGUISH HONG KONG'S DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA INTO THOSE THAT ARE FOR OUTWARD PROCESSING AND THOSE THAT ARE NOT.
THE SCOPE OF THE SURVEY HAS BEEN EXTENDED SINCE THE FIRST QUARTER, OF 1989 TO BREAK DOWN HONG KONG'S IMPORTS FROM CHINA INTO THOSE THAT ARE RELATED TO OUTWARD PROCESSING AND THOSE THAT ARE NOT.
THE RESULTS FOR THE FOURTH QUARTER AND THE WHOLE YEAR OF 1991 ARE NOW AVAILABLE.
IN VALUE TERMS, $60,183 MILLION OF IMPORTS FROM CHINA IN THE FOURTH QUARTER OF 1991 WERE RELATED TO OUTWARD PROCESSING, REPRESENTING AN INCREASE OF 40% OVER THE FOURTH QUARTER OF 1990.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF TOTAL EXPORTS TO CHINA FOR OUTWARD PROCESSING INCREASED BY 15% TO $31,278 MILLION.
THE VALUE OF DOMESTIC EXPORTS AND RE-EXPORTS TO CHINA FOR OUTWARD PROCESSING GREW BY 8% TO $11,179 MILLION AND BY 20% TO $20,100 MILLION RESPECTIVELY.
FOR THE WHOLE YEAR OF 1991, $197,384 MILLION OF IMPORTS FROM OF CHINA WERE RELATED TO OUTWARD PROCESSING, REPRESENTING AN INCREASE 36% OVER 1990.
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF TOTAL EXPORTS TO CHINA FOR OUTWARD PROCESSING INCREASED BY 24% TO $113,931 MILLION.
/THE VALUE