TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 243

his growth was made up of an estimated increase of 5% in prices and a growth rate of about 7% in

in real terms. The

year-on-year growth rate in real terms picked up, from 2% in the first quarter to an estimated 11% in the second quarter.

2.14

Given that the growth rate in value terms of

domestic exports was faster than that of re-exports, the

proportion of re-exports in total exports fell slightly, from

36.2% in the first half of 1982 to 35.7% in the first half 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

6

-3

10

1982/1981 Q1

Q3

aaaa

12

-2

14

Q2

8

-3

12

Q4

24

- 6

9

-1

5

1982/1981 H1

H2

wö

10

-3

13

3

-3

7

1983/1982 Q1

5

2

Q2(*)

19

11

37

1983/1982 H1(*)

12

7

LO

5

Note: (*) Estimated by using trade indexes available up to May

1983.

2.15

The value of re-exports to China grew by about 4% in

the first half of this year over the first

first half of 1982.

Thus, China continued to be the largest market for Hong Kong's

re-exports, accounting for 18% of

of the total value of goods

re-exported through Hong Kong. Textile

fabrics and

yarn,

15

/made-up