XN000022-1983-04-18 — Page 4

MONDAY, APRIL 18, 1983

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FURTHER ANALYSIS OF COMMODITY BY COUNTRY REVEALED GROWTH IN AIRBORNE DOMESTIC EXPORTS OF WATCHES AND CLOCKS (BY $424 MILLION CR 25%) AND CLOTHING (BY $79 MILLION OR 2%) TO THE U.S.A., BABY CARRIAGES, TOYS, GAMES AND SPORTING GOODS TO CANADA (BY $74 MILLION OR 215%), AND CLOTHING TO JAPAN (BY $56 MILLION OR 7%).

HOWEVER, DECREASES WERE RECORDED IN AIRBORNE DOMESTIC EXPORTS OF PARTS AND ACCESSORIES FOR OFFICE MACHINES AND- AUTOMATIC DATA PROCESSING MACHINES TO THE U.S.A. (BY $502 MILLION OR 28%). WATCHES AND CLOCKS TO THE FEDERAL REPUBLIC OF GERMANY (BY $82 MILLION OR 19%) AND TO JAPAN (BY $14 MILLION OR 7%).

THERE WERE INCREASES IN AIRBORNE IMPORTS OF PEARLS, PRECIOUS AND SEMI-PRECIOUS STONES (BY $1 526 MILLION OR 57%), THÊMIONIC, COLD CATHODE AND PHOTO-CATHODE VALVES AND TUBES, PHOTOCELLS TRANSISTORS AND PARTS (BY $791 MILLION OR 21%), CLOTHING (BY $225 MILLION OR 29%), ELECTRICAL MACHINERY AND APPARATUS (BY $129 MILLION OR 25%) AND JEWELLERY GOLDSMITHS' AND SILVERSMITHS' WARES (BY $101 MILLION OR 16%).

IN CONTRAST, DECREASES WERE NOTED IN THE SUPPLY, BY AIR, OF WATCHES AND CLOCKS (BY $1 070 MILLION OR 16%), AS WELL AS PARTS AND ACCESSORIES OF OFFICE MACHINES AND AUTOMATIC DATA PROCESSING MACHINES (BY $211 MILLION OR 14%).

INCREASES WERE RECORDED IN ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES AND ELECTRICAL PARTS FROM TAIWAN (BY $426 MILLION OR 85%); FROM JAPAN (BY $269 MILLION OR 24%), AND FROM THE U.S. (BY $210 MILLION OR 18%%). ON THE OTHER HAND, DECREASES WERE ALSO REGISTERED IN PHOTOGRAPHIC APPARATUS, EQUIPMENT AND SUPPLIES AND OPTICAL GOODS, WATCHES AND CLOCKS FROM JAPAN (BY $373 MILLION OR 11%), FROM SWITZERLAND (BY $260 MILLION OR 16%) AND FROM REPUBLIC OF KOREA (BY $231 MILLION OR 35%).

AIRBORNE RE-EXPORTS EXPERIENCED SLOW GROWTH IN 1982. CONSIDERABLE INCREASES IN VALUE WERE REGISTERED FOR PEARLS, PRECIOUS AND SEMI-PRECIOUS STONES (BY $346 MILLION OR 21%), OFFICE MACHINES AND AUTOMATIC DATA PROCESSING EQUIPMENT (BY $122 MILLION OR 25%), CRUDE VEGETABLE MATERIALS (BY $56 MILLION OR 18%) AND CLOTHING (BY $53 MILLION OR 18%). ON THE OTHER HAND, AIRBORNE RE-EXPORTS OF WATCHES AND CLOCKS DECREASED SUBSTANTIALLY (BY $248 MILLION OR 11%).

THE UNITED STATES WAS THE LARGEST MARKET FOR HONG KONG'S AIRBORNE RE-EXPORTS, WITH A VALUE OF $1 851 MILLION (AN INCREASE OF $273 MILLION OR 17%). NOTABLE INCREASES WERE ALSO PEGISTERED IN AIRBORNE RE-EXPORTS TO BELGIUM AND LUXEMBOURG (BY $154 MILLION OR 126%), TO JAPAN (BY $130 MILLION OR 13%), TO SINGAPORE (BY $103 MILLION OR 8%) AND TO THE PHILIPPINES (BY SPD MILLION OR 31%). ON THE OTHER HAND, AIRBORNE RE-EXPORTS TO SKAEL AND CHINA DECREASED CONSIDERABLY (BY $81 MILLION OR 21 AND Y $31 MILLION OR 8% RESPECTIVELY).

THE FOLLOWING