XN000022-1996-08-21 — Page 8

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Of the value of re-exports originating in China in the first half of 1996, 31% went to the United States, 10% to Japan and 6.8% to Germany.

For goods of Japan origin, 73% of the value of re-exports through Hong Kong in the first half of 1996 went to China, 3.7% to the United States and 3.5% to South Korea.

For re-exports originating in Taiwan, an overwhelming proportion (92% of the value in the first half of 1996) went to China.

As regards re-exports originating in the United States, 72% of the value in the first half of 1996 were shipped to China, 3.8% to Taiwan and 2.9% to South Korea.

Table 2 shows the changes in the value of re-exports to the ten main destinations.

Comparing the first half of 1996 with the same period in 1995, increases of various magnitudes were recorded in the value of re-exports to most main destinations: Japan (+26%), the United Kingdom (+14%), France (+12%), Singapore (+8.4%), Germany (+8.3%), China (+8.1%), the Netherlands (+7.5%), South Korea (+6.3%). However, slight decreases of 0.6% and 4.1% were recorded in the value of re-exports to the United States and Taiwan respectively.

Analysed by commodity, increases in the value of re-exports to China were recorded for electrical machinery, apparatus and appliances, and electrical parts thereof (by $2.9 billion or 20%), iron and steel (by $2.8 billion or 40%) and textiles (by $1.7 billion or 5.3%).

However, decreases in the value of re-exports to China were recorded for telecommunications and sound recording and reproducing apparatus and equipment (by $586 million or 4.0%) and road vehicles (by $525 million or 11.2%).

As regards re-exports to the United States, increases in value were recorded for miscellaneous manufactured articles consisting mainly of baby carriages, toys, games and sporting goods (by $863 million or 3.5%); photographic apparatus, equipment and supplies, optical goods, watches and clocks (by $733 million or 16%) and office machines and automatic data processing machines (by $393 million or 6.9%).

However, decreases in the value of re-exports to the United States were recorded for clothing (by $1.2 billion or 12%); and telecommunications and sound recording and reproducing apparatus and equipment (by $ 966 million or 8.9%).