MONDAY, AUGUST 16, 1993
CHINA REMAINED THE LARGEST PARTNER FOR HONG KONG'S RE-EXPORT TRADE. OF THE TOTAL $376 BILLION OF RE-EXPORTS GOING THROUGH HONG KONG IN THE FIRST HALF OF 1993, 87% OR $329 BILLION INVOLVED CHINA IN EITHER DIRECTION.
RE-EXPORTS ORIGINATING IN CHINA ACCOUNTED FOR 56% OF HONG
RE-EXPORT VALUE IN THE FIRST HALF OF 1993. AS A DESTINATION, CHINA'S SHARE WAS 34%.
KONG'S
IT IS NOTED THAT MUCH OF THE RE-EXPORT TRADE INVOLVING CHINA IS RELATED TO OUTWARD PROCESSING, AS RAW MATERIALS AND SEMI-MANUFACTURED GOODS ARE EXPORTED TO CHINA FOR PROCESSING AND THE FINAL PRODUCTS SUBSEQUENTLY RETURNED TO HONG KONG.
OTHER MAJOR ORIGINS FOR HONG KONG'S RE-EXPORTS IN THE FIRST HALF OF 1993 INCLUDED JAPAN (ACCOUNTING FOR A SHARE OF
14%), TAIWAN (8.2%), THE UNITED STATES (4.7%) AND THE REPUBLIC OF KOREA (2.7%).
THE MAJOR DESTINATIONS IN THE FIRST HALF OF 1993, BESIDES CHINA, INCLUDED THE UNITED STATES (ACCOUNTING FOR A SHARE OF 21%), JAPAN (5.0%), GERMANY (4.9%) AND TAIWAN (2.9%).
TABLE 1 SHOWS THE CHANGES IN THE VALUE OF RE-EXPORTS FROM THE 10 MAJOR ORIGINS IN THE FIRST HALF OF 1993 COMPARED WITH THE SAME PERIOD IN 1992.
COMPARING THE FIRST HALF OF 1993 WITH THE SAME PERIOD IN 1992, INCREASES WERE RECORDED IN THE VALUE OF RE-EXPORTS FROM MOST MAJOR ORIGINS: GERMANY (+74%), SINGAPORE (+51%), JAPAN (+42%), MALAYSIA (+35%), TAIWAN (+24%), CHINA (+18%), THE UNITED STATES (+15%), FRANCE (+13%), THE REPUBLIC OF KOREA (+11%) AND THE UNITED KINGDOM (+8.6%).
OF THE VALUE OF RE-EXPORTS ORIGINATING IN CHINA IN THE FIRST HALF OF 1993, 35% WENT TO THE UNITED STATES, 8.2% TO GERMANY AND 7.0% TO JAPAN.
FOR GOODS OF JAPAN ORIGIN, 71% OF THE VALUE OF THROUGH HONG KONG IN THE FIRST HALF OF 1993 WENT TO CHINA, UNITED STATES AND 3.1% TO TAIWAN.
AN
FOR RE-EXPORTS ORIGINATING IN TAIWAN, PROPORTION, 92% OF THE VALUE IN THE FIRST HALF OF 1993,
RE-EXPORTS 3.5% TO THE
OVERWHELMING
WENT TO CHINA.
AS REGARDS RE-EXPORTS ORIGINATING IN THE UNITED STATES, 64% OF THE VALUE IN THE FIRST HALF OF 1993 WERE SHIPPED TO CHINA, 6.3% ΤΟ TAIWAN AND 5.5% TO SINGAPORE.
TABLE 2 SHOWS THE CHANGES IN THE VALUE OF RE-EXPORTS TO THE 10 MAJOR DESTINATIONS.
COMPARING THE FIRST HALF OF 1993 WITH THE SAME PERIOD IN 1992, INCREASES WERE RECORDED IN THE VALUE OF RE-EXPORTS TO MOST MAJOR DESTINATIONS : CHINA (+36%), SINGAPORE (+26%), THE UNITED KINGDOM (+24%), THE UNITED STATES (+22%), GERMANY (+22%), FRANCE (+19%), JAPAN (+15%), CANADA (+10%) AND THE REPUBLIC OF KOREA (+3.9%). HOWEVER, A DECREASE OF 18% WAS RECORDED IN THE VALUE OF RE-EXPORTS TO TAIWAN,
/ANALYSED BY