XN000022-1986-12-24 — Page 5

WEDNESDAY, DECEMBER 24, 1986

ANOTHER CONTRIBUTORY FACTOR WAS THE DEPRECIATION OF THE HONG KONG DOLLAR, IN LINE WITH THAT OF THE U.S. DOLLAR UNDER THE LINKED EXCHANGE RATE SYSTEM, AGAINST MOST MAJOR CURRENCIES

IN THE EARLIER PART OF THE YEAR, WHICH HAS ENHANCED THE EXTERNAL COMPETITIVENESS OF HONG KONG'S PRODUCTS.

HE ADDED THAT THE VALUE OF RE-EXPORTS CONTINUED TO INCREASE, SHARPLY IN NOVEMBER. THIS REFLECTER** 19 PART, CHINA'S EFFORTS *** IN PROMOTING ITS EXPORTS, RESULTING IN MORE CHINESE GOODS BEING CHANELLED THROUGH HONG KONG TO OVERSEAS MARKETS.

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE TRADE FIGURES FOR NOVEMBER 1986:

MERCHANDISE:

DOMESTIC EXPORTS

RE-EXPORTS

$14 870 MILLION

412 275 MILLION

TOTAL EXPORTS

127 145 MILLION

IMPORTS

!

426 046 MILLION

TRADE BALANCE

#

# 1 099 MILLION

(IN SURPLUS)

COMPARATIVE FIGURES

GEP 86 TO NOV 8G

SEP 85 TO NOV 85

INCREASE

LATEST 3 MONTHS

NK# MN.

HK$ MN.

HK# MN.

DOMESTIC EXPORTS

44 173

33 ราก

10 583

31.5

RE-EXPORTS

35 693

25 444

10 249

40.3

TOTAL EXPORTS

79 866

53 034

20 832

35.3

IMPORTS

77 479

58 472

19.007

32.5

TRADE HAL ANCE

2 367

542

1 825

SAME MONTH LAST YEAR

DOMESTIC EXPORTS

( OF TOTAL EXPORTS)

RE-EXPORTS

NOVEMBER 1986 HKR MN.

NOVEMBER 1985 HK* MN.

INCREASE

HK† MN.

14970 (54.87)

11 450 (56.8%)

3 420

29.9

19 275

8 724

7 551

40.7

TOTAL EXPORTS