-
14 -
The results for the fourth quarter and the whole year of 1995 are now available.
In value terms, $57,024 million of Hong Kong's total exports to China in the fourth quarter of 1995 were for outward processing, representing an increase of 15% over the fourth quarter of 1994.
The value of domestic exports to China for outward processing increased by 5% to $11,112 million whilst the value of re-exports to China for outward processing grew by 18% to $45,912 million.
Over the same period of comparison, the value of imports from China related to outward processing increased by 10% to $101,296 million.
On the other hand, $130,501 million of Hong Kong's re-exports of China origin to all countries other than China were produced through outward processing in China, representing an increase of 11%.
For the whole year of 1995, $217,613 million of Hong Kong's total exports to China were for outward processing, representing an increase of 20% over 1994.
The value of domestic exports to China for outward processing increased by 5% to $43,890 million while that for re-exports to China for outward processing grew by 25% to $173,722 million.
Over the same period of comparison, the value of imports from China related to outward processing increased by 13% to $399,567 million.
On the other hand, $492,461 million of Hong Kong's re-exports of China origin to all countries other than China were produced through outward processing in China, representing an increase of 17%.
For the purpose of the survey, exports to China for outward processing refer to raw materials or semi-manufactures exported from or through Hong Kong to China for processing with a contractual arrangement for subsequent re-importation of the processed goods into Hong Kong.
Imports from China related to outward processing refer to processed goods imported from China of which all or part of the raw materials or semi-manufactures have been under contractual arrangement exported from or through Hong Kong to China for processing.