XN000022-1994-02-15 — Page 5

TUESDAY, FEBRUARY 15, 1994

THESE FIGURES, AFFIRMING THE GROWING IMPORTANCE OF RE-EXPORT ARE AMONGST THE DETAILED RE-EXPORT STATISTICS RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY (TUESDAY).

TRADE,

CHINA REMAINED THE LARGEST PARTNER FOR HONG KONG'S RE-EXPORT TRADE. OF THE TOTAL $823 BILLION OF RE-EXPORTS GOING THROUGH HONG KONG IN 1993, 88% OR $727 BILLION INVOLVED CHINA IN EITHER DIRECTION.

KONG'S 33%.

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RE-EXPORTS ORIGINATING IN CHINA ACCOUNTED FOR 58% OF HONG RE-EXPORT VALUE IN 1993. AS A DESTINATION, CHINA'S SHARE WAS

IT IS NOTED THAT MUCH OF THE RE-EXPORT TRADE INVOLVING CHINA IS RELATED TO OUTWARD PROCESSING, AS RAW MATERIALS AND SEMI-MANUFACTURED GOODS ARE EXPORTED TO CHINA FOR PROCESSING AND THE FINAL PRODUCTS SUBSEQUENTLY RETURNED TO HONG KONG.

OTHER MAJOR ORIGINS FOR HONG KONG'S RE-EXPORTS IN 1993 INCLUDED JAPAN (ACCOUNTING FOR A SHARE OF 13%), TAIWAN... (7,9%), THE UNITED STATES (4.5%) AND THE REPUBLIC OF KOREA (2.6%).

THE MAJOR DESTINATIONS IN 1993, BESIDES. CHINA, INCLUDED THE UNITED STATES (ACCOUNTING FOR A SHARE OF 22%), JAPAN (5.4%), GERMANY (5%) AND THE UNITED KINGDOM (3%).

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TABLE 1 SHOWS THE CHANGES IN THE VALUE OF RE-EXPORTS FROM THE 10 MAJOR ORIGINS IN 1993 COMPARED WITH 1992.

COMPARING 1993 WITH 1992, INCREASES WERE RECORDED IN THE VALUE OF RE-EXPORTS FROM MOST MAJOR ORIGINS: GERMANY (+56%), SINGAPORE (+43%), MALAYSIA (+31%), JAPAN (+29%), TAIWAN (+19%), CHINA (+17%), THE UNITED STATES (+17%); FRANCE (+15%), THE UNITED KINGDOM (+14%) AND THE REPUBLIC OF KOREA (+12%).

OF THE VALUE OF RE-EXPORTS ORIGINATING IN CHINA IN 1993, 36% WENT TO THE UNITED STATES, 8.2% TO GERMANY AND 7.5% TO JAPAN.

a!

FOR GOODS OF JAPAN ORIGIN, 71% OF THE VALUE OF RE-EXPORTS THROUGH HONG KONG IN 1993. WENT TO CHINA, 4.4% TO THE UNITED STATES AND 3% TO TAIWAN.

FOR RE-EXPORTS ORIGINATING IN TAIWAN, AN OVERWHELMING PROPORTION (92% OF THE VALUE IN 1993) WENT TO CHINA.

THE

AS REGARDS RE-EXPORTS ORIGINATING IN THE UNITED STATES 66% OF VALUE IN 1993 WERE SHIPPED TO CHINA, 5.6% TO TAIWAN AND 4.5% TO SINGAPORE.

TABLE. 2. SHOWS THE CHANGES IN THE VALUE OF RE-EXPORTS TO THE MAJOR DESTINATIONS.

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COMPARING 1993 WITH 1992, INCREASES WERE RECORDED IN THE VALUE OF RE-EXPORTS TO MOST MAJOR DESTINATIONS! CHINA (+29%), SINGAPORE (+24%), GERMANY (+23%), THE UNITED STATES (+21%), THE UNITED KINGDOM (+19%), JAPAN (+18%), FRANCE (+17%), THE REPUBLIC OF KOREA (+14%) AND CANADA (+14%) HOWEVER, A DECREASE OF 16% WAS RECORDED IN THE VALUE OF RE-EXPORTS TO TAIWAN.

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/ANALYSED BY