XN000022-1991-04-08 — Page 3

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MONDAY, APRIL 8, 1991

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CHINA AND THE USA, THE TWO LARGEST MARKETS FOR HONG KONG'S EXPORTS, ACCOUNTED FOR 27% AND 21% RESPECTIVELY OF THE TOTAL VALUE RE-EXPORTS IN 1990. THE SHARES OF JAPAN, THE FEDERAL REPUBLIC GERMANY AND TAIWAN WERE 6%, 6% AND 5% RESPECTIVELY.

RB- OF

OF

OF

COMPARING 1990 WITH 1989, THE VALUE OF RE-EXPORTS TO MOST THE MAJOR MARKETS INCREASED, WITH THE MORE SIGNIFICANT INCREASES RECORDED IN THE FEDERAL REPUBLIC OF GERMANY (+73%), FRANCE (+41%), THE UNITED KINGDOM (+36%), TAIWAN (+29%), THE USA (+22%), CANADA (+21%), AND SINGAPORE (+14%).

BY

THE VALUE OF RE-EXPORTS TO JAPAN AND CHINA ALSO INCREASED, 9% AND 7% RESPECTIVELY WHEREAS THAT TO THE REPUBLIC OF KOREA DECREASED BY 2%.

RE-EXPORTS TO CHINA INCREASED BY $7,416 MILLION OR 7% IN 1990 AS COMPARED WITH 1989. ANALYSED BY COMMODITY FOR THIS MARKET, SIGNIFICANT INCREASES IN RE-EXPORT VALUE WERE RECORDED IN TEXTILES (BY $4,710 MILLION OR 20%); PAPER, PAPERBOARD, AND ARTICLES OF PAPER PULP, OF PAPER OR OF PAPERBOARD (BY $1,158 MILLION OR 66%): AND MISCELLANEOUS MANUFACTURED ARTICLES (BY $929 MILLION OR 35%).

HOWEVER, DECREASES WERE RECORDED IN MACHINERY SPECIALISED FOR PARTICULAR INDUSTRIES (BY $1,263 MILLION OR 21%); AND GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT AND MACHINE PARTS (BY $1,016 MILLION OR 26%).

IT SHOULD BE NOTED THAT A SIGNIFICANT PROPORTION OF HONG KONG'S EXPORTS TO CHINA (INCLUDING RE-EXPORTS AS WELL AS DOMESTIC EXPORTS) ARE RELATED TO OUTWARD PROCESSING, AS RAW MATERIALS AND SEMI- MANUFACTURED GOODS WERE EXPORTED ΤΟ CHINA FOR PROCESSING AND SUBSEQUENTLY RETURNED TO HONG KONG.

RE-EXPORTS TO THE USA IN 1990 INCREASED BY $15, 720 MILLION OR 22% OVER 1989.

COMMODITIES WITH SIGNIFICANT INCREASES IN RE-EXPORT VALUE TO THIS MARKET INCLUDED MISCELLANEOUS MANUFACTURED ARTICLES, INCLUDING MAINLY BABY CARRIAGES, TOYS, GAMES AND SPORTING GOODS (BY $4,534 MILLION OR 23%); FOOTWEAR (BY $4,127 MILLION OR 84%); AND CLOTHING (BY $2,311 MILLION OR 18%).

HOWEVER, DECREASES WERE RECORDED IN VEGETABLES AND FRUIT (BY MILLION OR 41%) AND FISH, CRUSTACEANS AND MOLLUSCS, PREPARATION THEREOF (BY $208 MILLION OR 19%).

$279

AND

RE-EXPORTS TO JAPAN INCREASED BY $2,108 MILLION OR 9%.

SIGNIFICANT INCREASES IN RE-EXPORT VALUE WERE RECORDED IN NON- METALLIC MINERAL MANUFACTURES (BY $689 MILLION OR MISCELLANEOUS MANUFACTURED ARTICLES, INCLUDING MAINLY BABY

GAMES AND SPORTING GOODS (BY $665 MILLION OR 34%). WAS RECORDED IN TEXTILE YARN, FABRICS, MADE UP ARTICLES PRODUCTS (BY $479 MILLION OR 32%).

TOYS,

46%); AND

CARRIAGES, A DECREASE AND RELATED

/RE-EXPORTS TO