TNAG-0936-FCO40-1155-Visit-of-Norman-Fowler--Minister-of-Transport--to-Hong-Kong--1980 — Page 129

HK$ million

%

China

10,550

16.7

United States

7,519

11.9

Taiwan

4,257

6.8

Singapore

United Kingdom

3,219

5.1

2,975

4.7

TRADE WITH THE UNITED KINGDOM

10.

United Kingdom trade with Hong Kong is in substantial deficit. The

British share of the Hong Kong market declined from over 11% in 1967 to

only 4.07% in 1978. Hong Kong nonetheless remains Britain's second largest

market in south and east Asia: British exports to Hong Kong in 1978

totalled £362 million, a figure that was exceeded only by Japan (£542m),

and that put Hong Kong well ahead of China (£91m) as a market for British

goods. British imports from Hong Kong in 1978 totalled £531m. Over

two-thirds of British imports from Hong Kong in recent years have consisted

of textiles and clothing.

3F

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