2
SATURDAY, OCTOBER 24, 1987
COMMENTING ON THESE FIGURES,
A GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT THE STRONG GROWTH IN DOMESTIC EXPORTS HAD BEEN SUSTAINED FOR 19 MONTHS. THIS WAS MAINLY ATTRIBUTABLE TO THE STRONG DEMAND FOR HONG KONG'S PRODUCTS IN OVERSEAS MARKETS, BROUGHT ABOUT BY THEIR SUSTAINED DEMAND FOR IMPORTS AND BY THE INCREASED COMPETITIVENESS OF OUR PRODUCTS DUE, AMONG OTHER THINGS, TO EXCHANGE RATE MOVEMENTS. ON THE SUPPLY SIDE, IT REFLECTED THE FLEXIBILITY AND EFFICIENCY OF THE MANUFACTURING SECTOR IN COPING WITH THE STRONG DEMAND.
THE SPOKESMAN SAID THAT THE EVEN MORE RAPID GROWTH IN RE-EXPORTS WAS MAINLY DUE TO THE FLOURISHING ENTREPOT TRADE WITH CHINA, IN ITS POSITION BOTH AS A SOURCE AND AS A MARKET FOR HONG KONG'S RE-EXPORTS.
HE ADDED THAT THE STRONG GROWTH IN IMPORTS WAS PARTLY A REFLECTION OF THE BUOYANT DOMESTIC DEMAND, BUT ALSO SUGGESTED THAT EXPORT PERFORMANCE WAS LIKELY TO REMAIN GOOD FOR THE REST OF THE YEAR.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR SEPTEMBER 1987.
TRADE
TRADE FIGURES FOR SEPTEMBER, 1987
THE CENSUS AND STATISTICS DEPARTMENT HAS RELEASED FOLLOWING PROVISIONAL MERCHANDISE TRADE FIGURES FOR SEPTEMBER:
MERCHANDISE:
DOMESTIC EXPORTS RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
COMPARATIVE FIGURES
$17,843 MILLION
$16,502 MILLION
$34,345 MILLION
#$32,766 MILLION $1,579 MILLION
[IN SURPLUS ]
JUL 87
LATEST 3 MONTHS
ΤΟ SEPT 87 HK$ MN.
JUL 86 TO SEPT 86 HK$ MN.
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
55,347
43,013
12,334 28.7
RE-EXPORTS
48.949
32,319
16,630 51.5
TOTAL EXPORTS
104,296
75,332
28,964 38.4
IMPORTS
97,998
71,103
26,895
37.8
TRADE BALANCE
6,298
4,229
2,069
/SAME MONTH
THE
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