XN000022-1978-10-24 — Page 4

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TUESDAY, OCTOBER 24, 1978

PROVISIONAL TRADE FIGURES FOR SEPTEMBER

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THE VALUE OF HONG KONG'S DOMESTIC EXPORTS FOR LAST MONTH (SEPTEMBER) WAS $3,736 MILLION, IMPORTS WERE WORTH $5,505 MILLION AND RE-EXPORTS $1,200 MILLION, ACCORDING TO PROVISIONAL TRADE FIGURES ISSUED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY.

THE TRADE DEFICIT FOR SEPTEMBER WAS $569 MILLION.

COMPARED WITH THE SAME MONTH IN 1977, THE FIGURES SHOWED INCREASES, BY VALUE, OF $753 MILLION OR 25.2 PER CENT IN EXPORTS, $1,760 MILLION OR 47 PER CENT IN IMPORTS AND $376 MILLION OR 45.7 PER CENT IN RE-EXPORTS.

THE FIGURES FOR THE PERIOD JULY TO SEPTEMBER 1978 (LATEST THREE MONTHS), COMPARED WITH THE SAME PERIOD IN 1977, SHOWED INCREASES, BY VALUE, OF 16.3 PER CENT FOR DOMESTIC EXPORTS, 34.5 PER CENT FOR IMPORTS AND 36.1 PER CENT FOR RE-EXPORTS.

THE SHORT TERM CHANGES, SEPTEMBER 1978 COMPARED WITH AUGUST 1978, SHOWED INCREASES OF $266 MILLION OR 5.1 PER CENT FOR IMPORTS AND $4 MILLION OR 0.3 PER CENT FOR RE-EXPORTS, AND A DECREASE OF $279 MILLION OR SEVEN PER CENT FOR DOMESTIC EXPORTS. THE DECLINE IN EXPORTS FOR SEPTEMBER APPEARS TO BE FOLLOWING THE SEASONAL PATTERN AFTER THE ANNUAL PEAK IN AUGUST.

THE FIGURES FOR THE 12-MONTH PERIOD FROM OCTOBER 1977 TO SEPTEMBER 1978, COMPARED WITH THOSE FOR THE PREVIOUS 12-MONTH PERIOD, SHOWED INCREASES, BY VALUE, OF 11.7 PER CENT FOR DOMESTIC EXPORTS, 22.8 PER CENT FOR IMPORTS AND 26.6 PER CENT FOR RE-EXPORTS.

FOLLOWING ARE COMPARATIVE TRADE FIGURES:-

LATEST 3 MONTHS

JULY-SEPTEMBER 1978

JULY-SEPTEMBER 1977

INCREASE OR

DECREASE

$ MN.

$ MN.

$ MN.

%

DOMESTIC EXPORTS

11,275

9,696

+ 1,580 + 16.3

IMPORTS

15,792

11,743

+ 4,049 + 34.5

RE-EXPORTS

3,375

2,479

895 +36.1

TRADE BALANCE

—

- 1,142

432

1,574

SAME MONTH

LAST YEAR

SEPTEMBER

1978

SEPTEMBER

1977

$ MN.

$ MN.

INCREASE OR DECREASE

$ MN.

%

2R

DOMESTIC EXPORTS

(% OF TOTAL EXPORTS)

3,736 (75.7%)

753

+ 25.2

2,983 (78.4%)

/IMPORTS.....