TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 180

Re-exports

2.8

The value of re-exports, at $11,152 million in the

first quarter, was 5% higher than in the corresponding quarter

of 1982. This growth, on the basis of trade indexes available

up to February, was made up of an increase in prices of 2% and a growth rate in real terms of 3%. Having been negative for

four consecutive quarters, the growth rate in real terms of

re-exports became positive again in the first quarter of this

year.

Growth rates of re-exports (8)

Year-on-year comparison

In money

terms

In real

terms

Rate of increase

in prices

1982/1981

Q1

12

-2

14

Q2

8

-4

12

Q3

2

-6

9

04

4

-1

5

1982/1981

6

-3

10

1983/1982 Q1

LO

5

3*

2*

Note: (*)

Estimated by using trade indexes available up February 1983.

to

2.9

As the growth rate in value terms of domestic

exports recovered at a faster rate than that of re-exports,

the percentage share of the value of re-exports in the value

of total exports decreased slightly to 37% in the first quarter of 1983, compared with 38% in the same period of last

year.

2.10

China continued to be the largest market for Hong Kong's re-exports, accounting for 16% of the total value of goods re-exported through Hong Kong in the first quarter.

The

9

/other

...

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