XN000022-1989-09-27 — Page 9

WEDNESDAY, SEPTEMBER 27, 1989

OF TOTAL AS THE GROWTH RATE OF IMPORTS WAS SLOWER THAN THAT EXPORTS. A VISIBLE TRADE SURPLUS OF $5.085 MILLION, EQUIVALENT TO 10.6 THIS PER CENT OF THE VALUE OF IMPORTS. WAS RECORDED IN AUGUST 1989. COMPARES WITH A SURPLUS OF $2.271 MILLION, EQUIVALENT TO 5.2 PER

THE SIGNIFICANT OF

THE VALUE OF IMPORTS. RECORDED IN AUGUST 1988. SURPLUS RECORDED IN THE MONTH OF AUGUST 15 MAINLY SEASONAL.

PUTTING THESE TRADE FIGURES IN PERSPECTIVE. THE VALUE OF EXPORTS IN THE FIRST EIGHT MONTHS OF 1989 WAS $368.743 MILLION, UP OF DOMESTIC EXPORTS OF $144.388 MILLION AND RE-EXPORTS OF MILLION.

CENT

TOTAL

MADE

$224.355

VALUE

PER CENT,

TERMS DOMESTIC

COMPARED WITH THE FIRST EIGHT MONTHS OF 1988. IN TOTAL

GREW EXPORTS

BY 365.596 MILLION OR 21.6 EXPORTS BY $7.966 MILLION OR 5.8 PER CENT, AND RE-EXPORTS BY $57.630 MILLION OR 34.6 PER CENT.

OVER THE SAME PERIOD, THE VALUE OF IMPORTS MILLION OR 20.5 PER CENT, TO $373.316 MILLION.

OF

BY GREW

863.404

то 1.2

A VISIBLE TRADE DEFICIT OF $4.573 MILLION, EQUIVALENT

THE FIRST EIGHT PER CENT OF THE VALUE OF IMPORTS. WAS RECORDED IN

MILLION, $6,765 MONTHS

THIS COMPARES WITH A DEFICIT 1989.

IN THE EQUIVALENT TO 2.2 PER CENT OF THE VALUE OF IMPORTS, RECORDED FIRST EIGHT MONTHS OF 1988.

SAID MAJOR

OF

COMMENTING ON THESE FIGURES. A GOVERNMENT SECRETARIAT SPOKESMAN THE PERFORMANCE OF

DOMESTIC

IN EXPORTS

AUGUST

VARIED AMONG

MARKETS.

PRELIMINARY

EXPORTS

INDICATIONS WERE THAT THE GROWTH RATE OF TO CHINA DECELERATED MARKEDLY. THIS MIGHT SUGGEST A OUTWARD PROCESSING ACTIVITIES IN CHINA, IN LINE WITH THE

OF HONG KONG'S DOMESTIC PERFORMANCE

EXPORTS TO

MARKETS.

CERTAIN

DOMESTIC SETBACK SLUGGISH OVERSEAS

WHILE DOMESTIC

TO

EXPORTS

то CONTINUED

AND GERMANY THE FEDERAL REPUBLIC OF GROWTH. THOSE KINGDOM DECLINED. DOMESTIC EXPORTS TO THE UNITED STATES, HONG LARGEST EXPORT MARKET, SHOWED A SLIGHT REVIVAL.

TO JAPAN

SHOW THE

STRONG

UNITED

KONG'S

THE SPOKESMAN ADDED THAT THE VALUE OF AUGUST CONTINUED TO FALL ON A YEAR-ON-YEAR BASIS. DOMESTIC DEMAND WAS SLACKENING FURTHER.

RETAINED IMPORTS IN THIS SUGGESTED THAT

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES

AUGUST 1989.

/MERCHANDISE: DOMESTIC

FOR