XN000022-1987-07-25 — Page 5

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SATURDAY, JULY 25, 1987

GROWTH

COMMENTING ON THESE FIGURES, A GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT THE SUBSTANTIAL

IN DOMESTIC EXPORTS IN RECENT MONTHS COULD BE ATTRIBUTED TO THE STRONG DEMAND FOR HONG KONG'S PRODUCTS IN OVERSEAS MARKETS, AND TO THE STIMULATING EFFECT OF THE DEPRECIATION OF THE HONG KONG DOLLAR, IN LINE WITH THAT OF THE U.S. DOLLAR, AGAINST MOST OTHER MAJOR CURRENCIES DURING THE COURSE OF 1986 AND THE EARLY MONTHS OF 1987.

THE EVEN MORE RAPID GROWTH IN RE-EXPORTS WAS MAINLY DUE TO THE FLOURISHING ENTREPOT TRADE WITH CHINA, WHICH FEATURED PROMINENTLY BOTH AS A SOURCE AND AS A MARKET FOR HONG KONG'S RE-EXPORTS. THE SPOKESMAN ADDED THAT, GIVEN THE STRONG GROWTH IN IMPORTS, EXPORT PERFORMANCE WAS LIKELY TO REMAIN GOOD IN THE COMING MONTHS.

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE TRADE FIGURES FOR JUNE 1987.

TRADE FIGURES FOR JUNE, 1987

THE CENSUS AND STATISTICS DEPARTMENT HAS RELEASED THE FOLLOWING PROVISIONAL MERCHANDISE TRADE FIGURES FOR JUNE:-

MERCHANDISE: DOMESTIC EXPORTS: $16,292 MILLION

COMPARATIVE FIGURES

RE-EXPORTS

$14,703 MILLION

TOTAL EXPORTS

:

$30,995 MILLION

IMPORTS

: $32,127 MILLION

TRADE BALANCE

$1,132 MILLION

[IN DEFICIT]

LATEST 3 MONTHS

APR 87 TO JUN 87 HK$ MN.

APR 86 TO

INCREASE

JUN 86 HK$ MN.

HK$ MN.

X

DOMESTIC EXPORTS

47,267

36,228

11.039

30.5

RE-EXPORTS

13,648

29,028

14,620

50.4

TOTAL EXPORTS

90,915

65,256

25,659

39.3

IMPORTS

93,790

67,662

26,128

38.6

TRADE BALANCE

-2,875

-2,406

-469

:

/SAME MONTH

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