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TUESDAY, AUGUST 25, 1992
STATISTICS ON RE-EXPORT TRADE FOR FIRST HALF OF 1992
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THE VALUE OF HONG KONG'S RE-EXPORTS IN THE FIRST HALF OF 1992 AMOUNTED TO $309,232 MILLION, REPRESENTING AN INCREASE OF 33% OVER THE SAME PERIOD LAST YEAR.
THIS IS ACCORDING TO LATEST STATISTICS ON HONG KONG'S RE-EXPORT TRADE RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS
DEPARTMENT.
RE-EXPORTS BY COUNTRY OF DESTINATION
CHINA AND THE U.S. ARE THE TWO LARGEST COUNTRIES OF DESTINATION FOR HONG KONG'S RE-EXPORTS, ACCOUNTING FOR 31% AND 21% RESPECTIVELY OF THE TOTAL VALUE OF HONG KONG'S RE-EXPORTS IN THE FIRST HALF OF 1992.
RE-EXPORTS TO JAPAN, GERMANY AND TAIWAN ACCOUNTED FOR 5%, 5% AND 4% RESPECTIVELY.
COMPARING THE FIRST HALF OF 1992 WITH THE SAME PERIOD IN 1991, RE-EXPORTS TO MOST OF THE MAJOR COUNTRIES OF DESTINATION INCREASED.
MORE NOTABLE INCREASES WERE RECORDED FOR RE-EXPORTS ΤΟ THE (+46%), CANADA (+46%), CHINA (+41%), THE UNITED KINGDOM (+38%), JAPAN (+26%) AND FRANCE (+24%).
U.S.
THE VALUE OF RE-EXPORTS TO SINGAPORE AND TAIWAN ALSO INCREASED, BY 17% AND 12% RESPECTIVELY WHEREAS THAT TO GERMANY AND THE REPUBLIC OF KOREA DECREASED BY 5% AND 3% RESPECTIVELY.
RE-EXPORTS TO CHINA AMOUNTED TO $95,180 MILLION IN THE FIRST HALF OF 1992.
ANALYSED BY COMMODITY, SIGNIFICANT INCREASES IN THE VALUE OF RE-EXPORTS TO CHINA WERE RECORDED FOR TEXTILES (BY $4,602 MILLION OR 29%); MACHINERY SPECIALISED FOR PARTICULAR INDUSTRIES (BY $2,379 MILLION OR 78%); AND PLASTICS IN PRIMARY FORMS (BY $2,212 MILLION OR 51%).
HOWEVER, DECREASES WERE RECORDED FOR COFFEE, TEA, COCOA, SPICES MANUFACTURES THEREOF (BY $48 MILLION OR 46%); AND PULP AND WASTE PAPER (BY $5 MILLION OR 11%).
AND
IT SHOULD BE NOTED THAT A SIGNIFICANT PROPORTION OF HONG KONG'S EXPORTS TO CHINA (INCLUDING RE-EXPORTS AS WELL AS DOMESTIC EXPORTS) ARE RELATED TO OUTWARD PROCESSING, AS RAW MATERIALS AND SEMI- MANUFACTURED GOODS WERE EXPORTED TO CHINA FOR PROCESSING AND THE FINAL PRODUCTS WERE SUBSEQUENTLY RETURNED TO HONG KONG.
RE-EXPORTS TO THE U.S. IN THE FIRST HALF OF 1992 WERE VALUED AT $63,917 MILLION.
/COMMODITIES WITH
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