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FRIDAY, OCTOBER 28, 1994
AMONGST THIS, THE VALUE OF RE-EXPORTS ROSE BY 15%, WHILE THAT DOMESTIC EXPORTS FELL BY 2.1%. THE VALUE OF IMPORTS SHOWED AN INCREASE OF 15%.
OF
IN THE FIRST NINE MONTHS OF 1994, A VISIBLE TRADE DEFICIT OF $57.9 BILLION, EQUIVALENT TO 6.4% OF THE VALUE OF IMPORTS, WAS RECORDED.
THIS COMPARED WITH A DEFICIT OF $26.5 BILLION, EQUIVALENT 3.3% OF THE VALUE OF IMPORTS, RECORDED IN THE FIRST NINE MONTHS 1993.
ΤΟ OF
COMMENTING ON THE LATEST TRADE FIGURES, A GOVERNMENT SPOKESMAN SAID EXPORT PERFORMANCE HAD BEEN SATISFACTORY IN THE PAST FEW
WHILE RE-EXPORTS
CONTINUED TO SHOW SIGNIFICANT DOMESTIC EXPORTS ALSO RECOVERED TO A MODEST INCREASE.
MONTHS.
GROWTH,
MEANWHILE, RETAINED IMPORTS REMAINED ROBUST, RISING BY 38% IN SEPTEMBER OVER A YEAR EARLIER.
THIS SHOULD HAVE FAVOURABLE IMPLICATIONS FOR BOTH DOMESTIC EXPORTS AS WELL AS DOMESTIC DEMAND IN THE COMING MONTHS.
A MORE DETAILED ANALYSIS OF HONG KONG'S EXTERNAL TRADE FOR SEPTEMBER 1994; BY COMMODITY AND COUNTRY, WILL BE RELEASED IN MID- NOVEMBER.
/PROVISIONAL FIGURES
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