TNAG-1621-FCO40-2235-Relations-between-Hong-Kong-and-China-1987 — Page 130

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL 機密

18

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24.

China remained the largest supplier of Hong

Kong's imports. About 65% of the goods imported from

China in the third quarter of 1986 were subsequently re-exported elsewhere. Re-exports of China origin through Hong Kong to the rest of the world accounted for 44% of Hong Kong's total re-exports in the third quarter.

25.

Analysed by products, imports from China of telecommunications and sound recording apparatus, clothing, miscellaneous manufactured articles, travel goods and handbags, and textile yarn and fabrics all

recorded substantial increases, at 145%, 72%, 56%, 49% and

45% respectively in money terms in the third quarter of

1986.

26.

Putting the imports and exports figures into perspective, the value of imports from China in the third

quarter of 1986, at HK$21,774 million, exceeded the value

of total exports to China, at HK$15,131 million.

In

consequence, there was a visible trade deficit of HK$6,643

million with China. For the first three quarters as a whole, the visible trade deficit with China stood at

HK$16,557 million.

1986

1986 Q3 (HK$Mn)

Q1

Q3

(HK$Mn)

Domestic exports to China

4,855

12,204

Re-exports to China

10,276

27,903

Total exports to China

15,131

40,107

Imports from China

21,774

56,665

Visible trade balance

with China

-6,643

-16,557

G.F. 326

CONFIDENTIAL # 3

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