TNAG-0936-FCO40-1155-Visit-of-Norman-Fowler--Minister-of-Transport--to-Hong-Kong--1980 — Page 24

f..

Taiwan

Singapore

United Kingdom

HKS million

4,257

3,219 2,975

સ

6.8

5.1

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.

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