XN000022-1988-07-26 — Page 8

7

TUESDAY, JULY 26, 1988

THE SPOKESMAN ALSO POINTED OUT THAT THE VERY RAPID GROWTH IN RE-EXPORTS REFLECTED THE INCREASING IMPORTANCE OF HONG KONG AS AN ENTREPOT FOR CHINA AND FOR THE EAST ASIAN REGION GENERALLY.

DURING THE FIRST HALF OF 1988, IN GROSS VALUE TERMS, RE-EXPORTS ACCOUNTED FOR 55.1 PER CENT OF HONG KONG'S TOTAL EXPORTS, COMPARED WITH 48.3 PER CENT RECORDED DURING THE SAME PERIOD IN 1987.

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR JUNE 1988.

TRADE

MERCHANDISE:

DOMESTIC EXPORTS RE-EXPORTS

: $18,126 MILLION

:

$22,359 MILLION

TOTAL EXPORTS

$40,485 MILLION

IMPORTS

$43,186 MILLION

TRADE BALANCE

$ 2,701 MILLION

IN DEFICIT]

COMPARATIVE FIGURES

LATEST 3 MONTHS

DOMESTIC EXPORTS

RE-EXPORTS

TOTAL EXPORTS

IMPORTS

TRADE BALANCE

APR 88

TO JUN 88

APR 87

INCREASE

HKS MN.

ΤΟ JUN 87 HK$ MN.

HKS MN.

%

51,455

47,264

4,191

8.9

64,448

43,643

20,805

47.7

115,903

90,907

24,996 27.5

122,825

93,787

29.038 31.0

-6,922

-2,880

-4,042

SAME MONTH LAST YEAR

JUNE 1988

JUNE

INCREASE

HKS MN.

1987 HKS MN.

IIKS MN.

%

DOMESTIC EXPORTS

18.126

16,289

1,837

11.3

{% OF TOTAL EXPORTS)

(44.8%)(52.6%)

RE-EXPORTS

22,359

14,698

7,661

52.

1

TOTAL EXPORTS

40.485

30,987

9.498 30.7

IMPORTS

43,186

32,124

11,062

34.4

TRADE BALANCE

-2,701

+

-1, 137

+

-1,564

LAST MONTH