WEDNESDAY, AUGUST 24, 1994
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ANALYSIS OF EXTERNAL TRADE BY MODE OF TRANSPORT
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THE VALUE OF HONG KONG'S EXTERNAL TRADE BY OCEAN ACCOUNTED FOR 50% OF HONG KONG'S EXTERNAL TRADE IN THE FIRST HALF OF THIS YEAR, ACCORDING TO STATISTICS RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE
ANOTHER 26% WAS TRANSPORTED BY LAND AND A FURTHER 18% BY
AIR. REST 5.0% INCLUDED SHIPMENT BY RIVER, POSTAL PARCELS AND ACCOMPANIED GOODS OF PASSENGERS TRAVELLING ON VARIOUS MEANS OF TRANSPORT.
SHIPMENT BY OCEAN AMOUNTED TO $553.6 BILLION IN THE FIRST HALF OF 1994, WITH AN INCREASE OF 8.6% OVER THAT IN THE SAME PERIOD IN 1993. HONG KONG'S EXTERNAL TRADE BY LAND WENT UP BY 15% TO $289.9 BILLION WHILE THAT BY AIR ALSO WENT UP BY 14% TO $201.9 BILLION IN THE FIRST HALF OF 1994.
TABLE 1 SHOWS CHANGES IN VALUE OF HONG KONG'S EXTERNAL TRADE ANALYSED BY MODE OF TRANSPORT IN THE FIRST HALF OF 1994 COMPARED THE SAME PERIOD IN 1993.
WITH
THE UNITED STATES REMAINED THE LARGEST DESTINATION FOR HONG KONG'S TOTAL EXPORTS (INCLUDING DOMESTIC EXPORTS AND RE-EXPORTS) BY OCEAN, ACCOUNTING FOR A SHARE OF 32% IN VALUE TERMS IN THE FIRST HALF OF 1994. THE VALUE OF TOTAL EXPORTS BY OCEAN TO THE UNITED STATES WENT UP BY 13% IN THE FIRST HALF OF 1994.
THE VALUE OF TOTAL EXPORTS BY OCEAN TO JAPAN INCREASED BY 19% IN THE FIRST HALF OF 1994 OVER THE SAME PERIOD IN 1993. INCREASES WERE ALSO RECORDED IN SEABORNE TOTAL EXPORTS TO THE OTHER MAIN DESTINATIONS: THE UNITED KINGDOM (+10%), CHINA (+2.0%) AND GERMANY (+1.8%).
JAPAN WAS THE LARGEST SUPPLIER OF HONG KONG'S IMPORTS BY OCEAN, ACCOUNTING FOR A SHARE OF 26% IN VALUE IN THE FIRST HALF OF 1994. THE VALUE, 1993.
HOWEVER, DECREASED MARGINALLY BY 0.2% OVER THE SAME PERIOD IN
THE VALUE OF IMPORTS BY OCEAN FROM THE REPUBLIC OF KOREA WENT UP BY 14% IN THE FIRST HALF OF 1994 OVER THE SAME PERIOD IN 1993. INCREASES WERE ALSO RECORDED IN SEABORNE IMPORTS FROM CHINA (+11%), TAIWAN (8.7%) AND THE UNITED STATES (+1.3%).
TABLE 2 SHOWS CHANGES IN VALUE OF EXTERNAL TRADE BY OCEAN WITH MAIN TRADING PARTNERS IN THE FIRST HALF OF 1994 COMPARED WITH THE SAME PERIOD IN 1993.
IN THE FIRST HALF OF 1994, THE VALUE OF TOTAL EXPORTS BY AIR TO THE UNITED STATES ACCOUNTED FOR 29% OF THE VALUE OF HONG KONG'S TOTAL EXPORTS BY AIR AND COMPARED WITH THE SAME PERIOD IN 1993, INCREASED BY 7.2%.
/THE VALUE