XN000022-1990-10-25 — Page 3

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THURSDAY, OCTOBER 25, 1990

SPOKESMAN

GOVERNMENT A COMMENTING ON THE SEPTEMBER FIGURES, SAID THE PERFORMANCE OF RE-EXPORTS CONTINUED TO BE ROBUST, WHILE DECLINES IN THE VALUE OF DOMESTIC EXPORTS SEEMED TO HAVE MODERATED STABILISED IN RECENT MONTHS.

THE STRONG GROWTH IN RE-EXPORTS WAS LARGELY ATTRIBUTABLE TO RAPID INCREASE IN RE-EXPORTS OF CHINA ORIGIN.

RE-EXPORTS TO CHINA ALSO PICKED UP IN RECENT MONTHS.

THE

OR

A

AS REGARDS RETAINED IMPORTS, A FURTHER SIGNIFICANT INCREASE WAS FOR GROWTH RECORDED IN SEPTEMBER. THEY HAD ALREADY SHOWN POSITIVE

SOME THIS MIGHT SUGGEST

IMPROVEMENT THREE CONSECUTIVE DOMESTIC DEMAND,

THE

MONTHS.

IN

STEMMING FROM ON THE CRISIS

SPOKESMAN, HOWEVER, SAID THAT DEVELOPMENTS THE GULF CRISIS WERE EXPECTED TO HAVE SOME DAMPENING EFFECT DEMAND FOR HONG KONG'S EXPORTS, DEPENDING ON THE IMPACT OF THE ON HONG KONG'S MAJOR OVERSEAS MARKETS, PARTICULARLY THE UNITED STATES.

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES SEPTEMBER 1990:

FOR

MERCHANDISE: DOMESTIC EXPORTS :

RE-EXPORTS

$19,525 MILLION

TOTAL EXPORTS

IMPORTS

TRADE BALANCE

COMPARATIVE FIGURES

LATEST 3 MONTHS

DOMESTIC EXPORTS

RE-EXPORTS

TOTAL EXPORTS

IMPORTS

TRADE BALANCE

$35,100 MILLION $54,625 MILLION $53,852 MILLION $773 MILLION

[IN SURPLUS ]

JUL 90 TO SEP 90 HK$ MN.

JUL 89 TO

INCREASE

SEP 89 HK$ MN.

HK$ MN.

%

61,062

61,870

-808

-1.3

109,597

93,692

15,905

17.0

170,659

155,562

15,097

9.7

164,036

143,607

20,429

14.2

6,623

11,955

-5,332

SAME MONTH LAST YEAR

SEPTEMBER 1990 HK$ MN.

SEPTEMBER 1989 HK$ MN,

INCREASE

HK$ MN.

DOMESTIC EXPORTS

(% OF TOTAL EXPORTS)

19,525

19,542

-17

-0.1

(35.7%)

(39.1%)

RE-EXPORTS

TOTAL EXPORTS

IMPORTS

35,100

30,435

4,665

15.3

54,625

49,977

4,648

9

3

+

53,852

46,908

6,944

14.8

TRADE BALANCE

773

3,069

-2,296

/LAST MONTH