TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 81

CHAPTER 2 : THE EXTERNAL SECTOR

Domestic exports

2.1

The domestic export sector continued to show an

impressive growth rate in the third quarter of 1983. The value of domestic exports, at $29,475 million, was 30%/

higher than in the third quarter of 1982. Trade indexes

available up to August suggest that there was an increase (1) of about 10% in prices

over this period. The

year-on-year growth rate in real terms was thus about 19%

in the third quarter, compared with 3% in the first

quarter and 14% in the second quarter.

Growth rates of domestic exports (%)

Year-on-year comparison

1982/1981

1982/1981 Hl

H2

01

Q2

In money

terms

In real

terms

3

-3

Rate of increase

in prices

03

04

61

942A

1

1

-

- 4

-1

1983/1982 Hl

14

9

6

-2

-2

am

9

3

-1

10

- 4

005 2

LO

8

5

01

6

3

4

02

21

14

6

03

30

19*

10*

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

August 1983.

Domestic

(1) Prices are based on unit values which do not take into account changes in the composition or quality of goods traded. Changes in real terms are derived from changes in trade values, after discounting the effect of price changes.

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