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The value of total exports by ocean to Japan increased by 22% in 1994 over 1993. Increases were also recorded in seaborne total exports to the other main destinations: the United Kingdom (+5.5%) and China (+4.5%). However, the value of seaborne total exports to Germany decreased marginally by 0.2%.
Japan was the largest supplier of Hong Kong's imports by ocean, accounting for a share of 25% in value in 1994. The value of imports by ocean from Japan went up by 7.1% in 1994 over 1993. Increases were also recorded in seaborne imports from South Korea (+19%), China (+15%), the United States (+14%) and Taiwan (+12%).
Table 2 shows changes in value of external trade by ocean with main trading partners in 1994 compared with 1993.
In 1994, the value of total exports by air to the United States accounted for 30% of the value of Hong Kong's total exports by air and increased by 5.6% over 1993.
The value of total exports by air to Japan and Singapore increased by 20% and 18% respectively in 1994 over 1993. However, the value of airborne total exports to Germany and Taiwan decreased by 1.9% and 0.6% respectively. Airborne imports from all main suppliers increased considerably in 1994. The percentage increases in value in 1994 over 1993 were: Taiwan (+26%), Singapore (+25%), Switzerland (+22%), Japan (+18%) and the United States (+11%). Table 3 shows changes in value of external trade by air with main trading partners in 1994 compared with 1993.
More detailed figures on changes in value of external trade by ocean between 1994 and 1993 analysed by principal commodity division are shown in Table 4.
Significant increases were recorded in value of re-exports by ocean for telecommunications and sound recording and reproducing apparatus and equipment (by $17.2 billion or 32%); miscellaneous manufactured articles consisting mainly of baby carriages, toys, games and sporting goods (by $13.4 billion or 14%); and footwear (by $6.0 billion or 13%).
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