XN000022-1994-12-29 — Page 5

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Provisional figures of external trade for November 1994

Both re-exports and imports continued to show marked increases in November 1994 compared with November 1993. Domestic exports also showed sustained growth.

These are shown in the provisional figures of external trade for November released today (Thursday) by the Census and Statistics Department.

The value of total exports (comprising re- exports and domestic exports) increased by $15.77 billion or 17% to $107.2 billion in November 1994.

Within total exports, the value of re-exports, at $86.8 billion in November 1994, was $14.4 billion or 20% higher than a year earlier.

The value of domestic exports also increased, by $1.3 billion or 6.8% over a year earlier to $20.5 billion in November.

Meanwhile, the value of imports showed an accelerated increase, by $24.6 billion or 27% to $117.1 billion.

As the value of total exports in November 1994 was smaller than that of total imports, a visible trade deficit of $9.8 billion, equivalent to 8.4% of the value of imports, was recorded.

This was significantly larger than the corresponding deficit of $974 million, equivalent to 1.1% of the value of imports, in November 1993.

In the first 11 months of 1994, the value of total exports grew by 12% over the same period last year.

Among this, the value of re-exports rose by 16%, while that of domestic exports fell marginally by 0.2%. The value of imports showed an increase of

17%.

In the first 11 months of 1994, a visible trade deficit of $71.2 billion, equivalent to 6.3% of the value of imports, was recorded.