TNAG-1268-FCO40-1617-China-s-economic-relationship-with-Hong-Kong-Shenzhen-econom-1983 — Page 76

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58.

(c) External Trade

Hong Kong's role as an access point for

China in respect of external trade can best be

illustrated by the very rapid growth of the entrepot

trade between Hong Kong and China in the past few

years (Table 13).

Table 13: Entrepot trade between Hong Kong and China

Hong Kong's re-exports

to China

Imports from China to Hong Kong

subsequently re-exported

HK$Mn

US$Mn

HK$Mn

US$Mn

1966

54

1967

42

1968

36

1969

30

1970

34

9765 6

9

621

109

7

613

107

6

550

91

5

723

119

6

688

114

1971

43

7

759

126

1972

82

15

983

175

1973

222

43

1589

309

1974

197

39

1582

312

1975

137

28

1743

353

1976

123

25

2402

490

1977

175

38

2492

535

1978

214

46

3659

781

1979

1315

263

5663

1132

1980

4642

933

8394

1687

1981

8044

1438

12834

2295

1982

7992

1316

14694

2420

G.F. 326

Since 1980 China has been Hong Kong's largest re-export market; taking 1982 as an example, Hong

Kong's re-exports to China amounted to HK$7,992

million (US$1,316 million) or 18% of the total value

of re-exports through Hong Kong. Between 1978 and

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