XN000022-1994-11-28 — Page 5

MONDAY, NOVEMBER 28, 1994

WITHIN TOTAL EXPORTS, THE VALUE OF RE-EXPORTS, AT $91.3 BILLION EARLIER. IN OCTOBER 1994, WAS $14.6 BILLION OR 19% HIGHER THAN A YEAR

OR

THE VALUE OF DOMESTIC EXPORTS ALSO INCREASED, BY $1.7 BILLION 8.5% OVER A YEAR EARLIER TO $21.3 BILLION IN OCTOBER.

MEANWHILE, THE VALUE OF IMPORTS INCREASED BY $22.6 BILLION OR 24% TO $116.2 BILLION.

THAN

AS THE VALUE OF TOTAL EXPORTS IN OCTOBER 1994 WAS SMALLER OF TOTAL IMPORTS, A VISIBLE TRADE DEFICIT OF $3.5 BILLION, EQUIVALENT TO 3.0% OF THE VALUE OF IMPORTS, WAS RECORDED.

THAT

THIS

COMPARED WITH A SURPLUS OF $2.8 BILLION, EQUIVALENT 3.0% OF THE VALUE OF IMPORTS, IN OCTOBER 1993.

ΤΟ

IN THE FIRST 10 MONTHS OF 1994, THE VALUE OF TOTAL EXPORTS GREW BY 12% OVER THE SAME PERIOD LAST YEAR.

AMONGST THIS, THE VALUE OF RE-EXPORTS ROSE BY 15%, WHILE THAT OF DOMESTIC EXPORTS FELL ONLY SLIGHTLY BY 1.0%.

THE VALUE OF IMPORTS SHOWED AN INCREASE OF 16%.

IN THE FIRST 10 MONTHS OF 1994, A VISIBLE BILLION,

TO 6.0% OF THE

$61.4 RECORDED.

EQUIVALENT

TRADE DEFICIT OF

OF VALUE

WAS IMPORTS,

EQUIVALENT

ΤΟ

THIS COMPARED WITH A DEFICIT OF $23.7 BILLION, 2.7% OF THE VALUE OF IMPORTS, RECORDED IN THE FIRST 10 MONTHS OF 1993.

COMMENTING ON THE LATEST TRADE FIGURES, A GOVERNMENT SPOKESMAN SAID EXPORT PERFORMANCE IMPROVED FURTHER IN OCTOBER.

WHILE THE GROWTH IN RE-EXPORTS ACCELERATED, RECOVERED TO SHOW A NOTABLE INCREASE, HE SAID.

DOMESTIC EXPORTS

RETAINED IMPORTS REMAINED ROBUST, RISING BY 37% IN OCTOBER OVER A YEAR EARLIER.

HOWEVER, THE SPOKESMAN SAID THE WIDENED VISIBLE TRADE DEFICIT

REQUIRED MONITORING,

A MORE DETAILED ANALYSIS OF HONG KONG'S EXTERNAL TRADE FOR

BY COMMODITY AND COUNTRY, WILL BE 1994,

IN RELEASED

MID-

OCTOBER DECEMBER.

/PROVISIONAL FIGURES