5-
In the first 11 months of 1995, the value of total exports grew by 15% over the same period last year. Amongst this, the value of re-exports rose by 17%, while that of domestic exports increased by 4.7%. The value of imports showed an increase of 20%. Over the same period, a visible trade deficit of $134.7 billion, equivalent to 9.9% of the value of imports, was recorded.
Commenting on the latest trade figures, a government spokesman said re- exports continued to grow on a year-on-year basis, albeit at a slower pace than in the previous months. Domestic exports however declined, affected at least partly by a relatively high base of comparison in November last year, when domestic exports showed a significant pick-up in growth. Meanwhile. retained imports also showed a slower growth, by 4.5% in value terms in November over a year earlier.
The table annexed presents the external trade figures in November 1995.
A more detailed analysis of Hong Kong's external trade for November 1995, by commodity and country, will be released in mid-January 1996.