XN000022-1977-10-10 — Page 11

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MONDAY, OCTOBER 10, 1977

ON THE OTHER HAND, IMPORTS OF TEXTILE FIBRES, AND TEXTILE YARN, FABRICS, MADE-UP ARTICLES AND RELATED PRODUCTS DROPPED BY 10.7 PER CENT AND 5.8 PER CENT RESPECTIVELY.

HONG KONG'S RE-EXPORTS TO JAPAN, ITS LEADING MARKET, WENT DOWN BY 5.8 PER CENT OR $55 MILLION IN VALUE TERMS. RE-EXPORTS TO U.S.A. ALSO DECLINED MARGINALLY BY 1.6 PER CENT. HOWEVER, RE-EXPORTS TO SEVERAL MAJOR ASIAN MARKETS GAINED CONSIDERABLE RATES OF INCREASE.

THE MORE REMARKABLE GROWTH RATES WERE RECORDED IN THE CASE OF INDONESIA (+$143 MILLION OR +30.6 PER CENT) SINGAPORE (+$94_MILLION OR +16.0 PER CENT), SOUTH KOREA (+$42 MILLION OR 16.1 PER CENT) AND THE PHILIPPINES (+$41 MILLION OR 23.9 PER CENT).

MAJOR INCREASES IN RE-EXPORTS OCCURRED IN ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES (+$108 MILLION OR +26.9 PER CENT), TEXTILE YARN AND THREAD (+$74 MILLION OR +52.0 PER CENT) AND TEXTILE FABRICS (+$62 MILLION OR +24 PER CENT).

THE CENSUS AND STATISTICS DEPARTMENT ALSO ANNOUNCED THE TRADE INDEX NUMBERS (1973 = 100) FOR JULY AS FOLLOWS:

VALUE INDEX

DOMESTIC EXPORTS

209

IMPORTS

175

UNIT VALUE

INDEX

134

135

QUANTUM INDEX

156

130

THE TERMS OF TRADE INDEX (I.E. EXPORT PRICES OVER IMPORT PRICES) FOR JULY IS 99.

NOTE: ALL VALUES FIGURES ARE ROUNDED TO THE NEAREST MILLION

DOLLAR.

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