TNAG-1155-FCO40-1435-Visits-by-Members-of-Parliament-(MPs)-to-Hong-Kong-1982 — Page 167

IN CONFIDENCE

The

of the economy are almost equally dependent on imported inputs.

bulk of Hong Kong's requirements of foodstuffs and consumer goods is also imported. Thus the total value of Hong Kong's visible trading transactions is just on twice the value of the GDP, and much

more than twice if invisible imports and exports are added in.

2.5

The value of Hong Kong's exports of goods in 1981 was HK$122,163 million (approx. £11,400 million). of this, re-exports accounted for HK$41,739 million ) approx. £3,880 million) and domestic exports HK$80,423 million (approx. £7,480 million), representing about 90% of manufacturing output. The principal domestic exports were:

Textile and Clothing

42%

Watches and Clocks

98

Electrical Machinery and Appliances

78%

Plastic Toys and Dolls

68

Radios

4%

The principal markets were:

United States

EC

of which:

UK

FRG

Japan

China

Australia

7

-

IN CONFIDENCE

36.3%

24.8%

(9.6%)

(8.8%)

3.7%

3.6%

3.3%