XN000022-1987-06-24 — Page 46

4L

WEDNESDAY, JUNE 24, 1987

COMPARED WITH THE SAME PERIOD

IN

1986,

THE

VALUE

OF

TOTAL

CENT, THAT OF DOMESTIC THAT OF RE-EXPORTS

EXPORTS GREW BY $38,670 MILLION OR 40.2 PER EXPORTS BY $16,675 MILLION OR 31.6 PER CENT, AND BY $21,995 MILLION OR 50.6 PER CENT.

OVER THIS PERIOD, THE VALUE OF IMPORTS GREW BY $39,530 OR 39.3 PER CENT, TO $140,029 MILLION.

TRADE DEFICIT

OF

MILLION

MILLION,

$5,097 A CUMULATIVE VISIBLE

WAS RECORDED IN EQUIVALENT TO 3.6 PER CENT OF THE VALUE OF IMPORTS,

A COMPARES WITH

VISIBLE TRADE THE FIRST FIVE MONTHS OF 1987. THIS

WAS DEFICIT OF $4,237 MILLION IN THE FIRST FIVE MONTHS OF 1986, WHICH EQUIVALENT TO 4.2 PER CENT OF THE VALUE OF IMPORTS IN THAT PERIOD.

COMMENTING

ON THESE

SECRETARIAT GOVERNMENT A FIGURES,

DOMESTIC EXPORTS IN THE SPOKESMAN SAID THAT THE GROWTH MOMENTUM OF

OF THIS LATTER PART OF 1986 HAD CONTINUED IN THE FIRST FIVE MONTHS YEAR, REFLECTING STRONG DEMAND FOR HONG KONG'S PRODUCTS IN OVERSEAS MARKETS AND THE STIMULATING EFFECT OF THE DEPRECIATION OF THE HONG OTHER KONG DOLLAR, IN LINE WITH THAT OF THE U.S. DOLLAR, AGAINST MOST

THE BARLY MONTHS OF MAJOR CURRENCIES DURING THE COURSE OF 1986 AND 1987.

TRADE AS A GIVEN

REMAIN

FIRST FIVE MONTHS THE VERY RAPID GROWTH IN RE-EXPORTS IN THE

THE FLOURISHING ENTREPOT OF 1987 WAS LARGELY ATTRIBUTABLE TO

AS A SOURCE AND WITH CHINA, WHICH FEATURED PROMINENTLY BOTH

ADDED SPOKESMAN

THAT, MARKET FOR HONG KONG'S RE-EXPORTS, THE THE STRONG GROWTH IN IMPORTS, EXPORT PERFORMANCE WAS LIKELY TO GOOD IN THE COMING MONTHS.

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR MAY 1987:

MERCHANDISE:

DOMESTIC EXPORTS RE-EXPORTS

$16,436 MILLION

: $14,690 MILLION

TOTAL EXPORTS IMPORTS

TRADE BALANCE

COMPARATIVE FIGURES

: $31,126 MILLION

: $31,174 MILLION

:

$48 MILLION (IN DEFICIT)

TRADE

MAR 87 TO

MAR 86 TO

LATEST 3 MONTHS

MAY 87 HK$ MN.

MAY 86 HK$ MN.

INCREASE

HK$ MN.

%

DOMESTIC EXPORTS

45,458

33,951

11,507

33.9

RE-EXPORTS

42,809

27,995

14,814

52.9

TOTAL EXPORTS

88,267

61,946

26,321

42.5

IMPORTS

92,394

64,710

27,684

42.8

TRADE BALANCE

-4, 127

-2,764

-1,363

/MAY