TNAG-1483-FCO40-2037-Economic-situation-in-Hong-Kong-1986 — Page 209

comparison

Growth rates in real terms of retained imports by end-use categories (%)

Year-on-year Food- Consumer

stuffs goods Fuels

Raw materials

and semi- manufactures

Capital goods

1985/1984

5

3

C

-6

-10

-3

1985/1984 H1

-1

H2

Q1

-

Q2

Q3

Q4

1986/1985 Q1

Q2* H1*

Note * (*)

50640 400

4041010 4213

0

0

-13

6

-11

-6

-12

10

0

-12

13

-8

1

- 13

1

-1

-16

-15

-14

11

-5

3

-10

14

5

0

17

16

21

-11

10

14

15

- 5

Estimated by using trade indices available

up to May 1986.

Re-exports

2.15

(9)

The value of re-exports in the first half of 1986,

at $53,033 million, was 1% higher than in the first half of

1985. After discounting the effect of an estimated increase

of 1% in prices, re-exports showed no change in real terms

over this period. Re-exports consisted mainly of raw

materials and semi-manufactures, and consumer goods, which

accounted for 41% and 39% respectively of the total value of

re-exports. As the growth rate in value terms of domestic

exports was faster than that of re-exports, the percentage share of re-exports in total exports declined, from 47% in the

first half of 1985 to 45% in the first half of 1986.

(9)

/Growth

Re-exports are those products which have previously been imported into Hong Kong and subsequently re-exported without having undergone in Hong Kong any manufacturing process which has changed permanently the shape, nature, form or utility of the product.

15