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Survey of wholesale and other trades results released
The import/export trade and hotels (including boarding houses) registered a considerable growth in 1993, with the total receipts increased by 12% and 13% respectively when compared with 1992. In the same period, the total receipts of the retail trade, wholesale trade and restaurants also went up moderately, by 9%, 7% and 7% respectively.
These are some of the major results of the 1993 Survey of Wholesale, Retail and Import/Export Trades, Restaurants and Hotels released today (Monday) by the Census and Statistics Department. The Survey was conducted from May last year to early this year.
All value figures in this press release are expressed in current price terms. The percentage changes derived from these figures have not been adjusted for price changes. Caution should therefore be taken in interpreting the survey results.
In 1993, there were 99 900 import/export establishments in operation, an increase of 12% over 1992. The total receipts generated by these establishments amounted to $1,754.5 billion, also 12% higher than in 1992.
The total operating expenditure - comprising compensation of employees, operating expenses and value of purchase of goods for sale - incurred by import/export establishments accounted for 94.8% of the total receipts. Net of the expenditure, the gross surplus amounted to 5.2%, which was 0.7 of a percentage point higher than the corresponding figure for 1992.
The value added of these establishments, which is a measure of the industry's contribution to Hong Kong's Gross Domestic Product, grew significantly by 24% from $126.2 billion in 1992 to $156.4 billion in 1993. It constituted 8.9% of the total receipts, an increase of 0.9 of a percentage point over 1992.
In the hotel business, there were 1,460 hotels and boarding houses in operation in 1993, a decrease of 4% compared with 1992. They generated $17.7 billion of total receipts, an increase of 13% over 1992.
The total operating expenditure of the hotel industry accounted for 76.3% of the total receipts, which was 2.0 percentage points lower than the figure for 1992. The gross surplus made up the remaining 23.7%.