XN000022-1996-06-27 — Page 14

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Summary results of survey

The import/export and hotels (including boarding houses) industries registered considerable growth in 1994, with their total receipts (that is sales and other receipts) both increased by 12% when compared with 1993.

In the same period, the total receipts of the retail, wholesale and restaurants industries also went up moderately, by 8%, 5% and 5% respectively.

These are some of the major results of the 1994 Survey of Wholesale, Retail and Import/Export Trades, Restaurants and Hotels released today (Thursday) by the Census and Statistics Department. The Survey was conducted from May 1995 to early 1996.

All value figures in this press release are expressed in current price terms. The percentage changes derived from these figures have not been adjusted for price changes. Caution should therefore be taken in interpreting the survey results.

In 1994, there were 101 900 import/export establishments in operation, an increase of 2% over 1993. The total receipts generated by these establishments amounted to $1 965 billion, 12% higher than in 1993.

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comprising compensation of employees,

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Total operating expenditure

incurred by operating expenses and value of purchases of goods for sale import/export establishments accounted for 95% of the total receipts. Net of the expenditure, the gross surplus amounted to 5% of the total receipts, which was 0.2 percentage point lower than the corresponding figure for 1993.

The value added of these establishments, which is a measure of the industry's contribution to Hong Kong's Gross Domestic Product, grew considerably by 14% from $156 billion in 1993 to $179 billion in 1994. It constituted 9.1% of the total receipts, a marginal increase of 0.2 percentage point over 1993.

In the hotels industry, there were 1 290 hotels and boarding houses in operation in 1994, a decrease of 12% compared with 1993. Despite a decrease in the number of establishments, the total receipts generated amounted to $19.8 billion in 1994, 12% higher than in 1993.

The total operating expenditure of the hotels industry accounted for 77.3% of the total receipts, which was one percentage point higher than the figure for 1993. The gross surplus made up the remaining 22.7%.