XN000022-1988-10-26 — Page 34

WEDNESDAY, OCTOBER 26, 1988

- 33

PROVISIONAL TRADE FIGURES FOR SEPTEMBER 1988

HONG

KONG'S

TRADE EXTERNAL 1988 OVER A YEAR EARLIER, SEPTEMBER RECORDED FOR RE-EXPORTS AND IMPORTS, IN DOMESTIC EXPORTS.

SHOWED

WITH

GROWTH SIGNIFICANT

SUBSTANTIAL INCREASES AND RELATIVELY SLOWER INCREASE

IN

TRADE

FIGURES RELEASED

THIS IS SHOWN IN THE PROVISIONAL TODAY BY THE CENSUS AND STATISTICS DEPARTMENT,

THE VALUE OF DOMESTIC EXPORTS MILLION, $2,107 MILLION OR 11.8 PER

RE-EXPORTS 1987, WHILE THE VALUE OF $9,728 MILLION TO $26,230 MILLION.

↑

IN SEPTEMBER 1988 WAS $19,950 CENT HIGHER THAN IN SEPTEMBER

BY INCREASED

59 PER CENT OR

RE-EXPORTS),

$11,835 MILLION

OR

THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS

WAS THUS AT $46,180 MILLION IN SEPTEMBER 1988, 34.5 PER CENT HIGHER THAN IN SEPTEMBER 1987.

$11,931 MILLION

THE VALUE OF IMPORTS GREW BY 36.4 PER CENT OR OVER A YEAR EARLIER, TO $44,697 MILLION IN SEPTEMBER 1988.

SURPLUS

THE VISIBLE TRADE BALANCE IN SEPTEMBER 1988 RECORDED A OF $1,483 MILLION, EQUIVALENT TO 3.3 PER CENT OF THE VALUE OF IMPORTS.

EQUIVALENT то

THIS COMPARES WITH A SURPLUS OF $1,579 MILLION, 4.8 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN SEPTEMBER 1987.

SEPTEMBER IN

PERSPECTIVE,

PUTTING THE TRADE FIGURES FOR VALUE OF TOTAL EXPORTS IN THE FIRST NINE MONTHS OF 1988 MILLION, MADE UP OF DOMESTIC RE-EXPORTS OF $192,955 MILLION.

EXPORTS

OF

THE WAS $349,328 AND $156,373 MILLION

PER 10.8

1987, IN VALUE TERMS OR 29.3 PER CENT, DOMESTIC

AND RE-EXPORTS CENT,

BY

IMPORTS GREW BY $84,459

COMPARED WITH THE FIRST NINE MONTHS OF TOTAL EXPORTS GREW BY $79,113 MILLION EXPORTS BY $15,234 $63,879 MILLION OR 49.5 PER CENT.

MILLION

OR

OF

OVER THE SAME PERIOD, THE VALUE MILLION OR 31.2 PER CENT, TO $354,609 MILLION.

TRADE DEFICIT

$5,281 OF

ΤΟ NINE

EQUIVALENT MILLION, A VISIBLE 1.5 PER CENT OF THE VALUE OF. IMPORTS, WAS RECORDED IN THE FIRST MONTHS OF 1988.

DURING THE SAME PERIOD LAST YEAR,

THE VISIBLE TRADE ACCOUNT WAS VIRTUALLY IN BALANCE, WITH A SURPLUS OF ONLY $65 MILLION.

FIGURES,

A

GOVERNMENT

SECRETARIAT

TERMS,

COMMENTING

THESE ON SPOKESMAN SAID THAT ALTHOUGH THE YEAR-ON-YEAR GROWTH RATE OF DOMESTIC

CENT IN VALUE

WAS EXPORTS IN THE THIRD QUARTER, AT 9.8 FER SLIGHTLY HIGHER THAN THE CORRESPONDING GROWTH RATE OF 8.9 PER CENT THE SECOND QUARTER, IT WAS LOWER THAN THE GROWTH CENT RECORDED IN THE FIRST QUARTER OF THIS YEAR.

RATE OF 14.6

/AFTER DISCOUNTING ....

IN

PER

T