4
Of the value of re-exports originating in China in the first half of 1995, 34% went to the United States, 8.6% to Japan and 6.8% to Germany.
For goods of Japan origin, 72% of the value of re-exports through Hong Kong in the first half of 1995 went to China, 4.7% to the United States and 3.6% to South Korea. For re-exports originating in Taiwan, an overwhelming proportion (93% of the value in the first half of 1995) went to China.
As regards re-exports originating in the United States, 69% of the value in the first half of 1995 were shipped to China, 4.0% to Taiwan and 3.1% to South Korea.
Table 2 shows the changes in the value of re-exports to the ten main destinations.
Comparing the first half of 1995 with the same period in 1994, increases of various magnitudes were recorded in the value of re-exports to all main destinations: Singapore (+34%), Japan (+28%), Taiwan (+25%), France (+25%), the Netherlands (+23%), China (+22%), the United States (+16%), South Korea (+13%), the United Kingdom (+11%) and Germany (+6.9%).
Analysed by commodity, significant increases in the value of re-exports to China were recorded for textiles (by 6.8 billion or 27%); plastics in primary forms (by $5.6 billion or 63%); and electrical machinery, apparatus and appliances, and electrical parts thereof (by 4.1 billion or 38%).
However, decreases in the value of re-exports to China were recorded for road vehicles (by $9.3 billion or 66%); and machinery specialised for particular industries (by $643 million or 10%) -
As regards re-exports to the United States, significant increases in value were recorded for miscellaneous manufactured articles consisting mainly of baby carriages, toys, games and sporting goods (by $3.7 billion or 18%); electrical machinery, apparatus and appliances, and electrical parts thereof (by $2.5 billion or 36%); and office machines and automatic data processing machines (by $1.7 billion or 42%).
However, decreases in the value of re-exports to the United States were recorded for clothing (by $171 million or 1.6%); and chemical materials and products (by $76 million or 27%).
Detailed statistics of Hong Kong's re-export trade are published in the June 1995 issue of the "Hong Kong External Trade" report which will be on sale at $122 per copy around August 22.