CONFIDENTIAL
5
12.
In the published trade statistics, re-exports to China accounted for about
35% of all re-exports in the third quarter of 1988. This proportion changed to
25% after discounting for trade of outward processing nature.
remained the largest market of Hong Kong's re-exports.
13.
Nevertheless, China
Making the same adjustment to domestic exports, the proportion of domestic
exports in the third quarter of 1988 attributable to China decreased from 18% to
5%, and China moved from being Hong Kong's second largest market (after the USA)
to being the fifth largest market (after the USA, Federal Republic of Germany, the
United Kingdodm and Japan).
14.
Regarding analysis by commodity, the survey shows that in the third quarter
of 1988, for both domestic exports and re-exports to China, the top commodity groups
in terms of the proportion of trade attributable to outward processing activities
were the same, as follows
:
Proportion of trade attributable to
outward processing in
Commodity group
Domestic exports
to China
Re-exports to
China
(음)
( 3 )
Clocks & watches
96
93
Toys, games, and sports requisites
94
55
Articles of apparel and
92
81
clothing accessories
Textile materials, yarn, fabrics
86
72
and textile articles
15.
In terms of the value of trade of outward processing nature, the survey
shows
that for both domestic exports and re-exports to China, the top four
commodity groups were also the same. The values involved were as follows
:
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