-
18
the Kwai Tsing District Office, 10th floor, Kwai Hing Government Offices Building, 166-174 Hing Fong Road, Kwai Chung, New Territories.
As from the date of the closure, all public or private rights in, upon. under or over these sections of the roads and footways shall be extinguished.
End/Monday, January 9, 1995
Volume and price movements of external trade in October 1994
In the first 10 months of 1994, the volume of re-exports increased by 14% over the same period last year, while the volume of domestic exports decreased by 2.6%, according to the statistics released today (Monday) by the Census and Statistics Department.
Taking re-exports and domestic exports together, the volume of total exports increased by 11%. Meanwhile, imports increased by 14% in volume.
The growth in the volume of trade is derived from the growth in trade values with the effect of price changes being discounted.
As regards price changes over the same period of comparison, the prices of re- exports and domestic exports increased by 1.1% and 1.4% respectively. Import prices increased by 2.2%.
Price changes are reflected by changes in unit value indices, which are compiled based on average unit values or, for certain commodities, based on specific price data.
The terms of trade index, defined as the ratio of total export price index to import price index, decreased by 1.1% in the first 10 months of 1994 over the same period last year.
Comparing October 1994 with October 1993, the volume of re-exports continued to increase markedly, by 16%, while that of domestic exports returned to a moderate increase of 6.1%. Taken together, the volume of total exports increased by 14%. Meanwhile, the volume of imports grew by 20%.
Over the same period of comparison, the prices of re-exports and domestic exports increased by 2.2% and 1.9% respectively. Import prices increased by 4.2%.