TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 245

Chrough Hong Kong.

Textile fabrics and made-up articles,

garments and miscellaneous manufactured articles were the main

items of goods re-exported from China through Hong Kong. The

other major sources of Hong Kong's re-exports were Japan and

the United States. The value of re-exports originating from

these two sources grew by 20% and 11% respectively compared

with the first half of 1982, and accounted

accounted for 21% and 11%

respectively of the total value of goods re-exported through

Hong Kong.

Re-exports by source (in value terms)

1983 H1

($Mn)

Percentage share

of total (8)

All countries

23,975

100

China

8,403

35

Japan

5,061

21

USA

2,591

11

Taiwan

1,034

4

Republic of Korea

584

Rest of the world

6,302

2

27

The visible trade gap and the terms of trade

2.18

of this year.

half of 1982,

The visible trade account improved in the first half Comparing the first half of 1983 with the first

the growth rate the growth rate of the value of total exports

(domestic exports plus re-exports), at 13%, was faster than

(7) that of imports, at 11%. The visible trade gap narrowed to 12%, from 14% in the first half of 1982.

thus

/2.19 The

(7) The visible trade gap is defined as the proportion of the value of

imports not covered by receipts from total exports.

17