TNAG-2038-FCO40-2902-Ministerial-visits-from-the-UK-to-Hong-Kong-1991 — Page 35

Textiles & Clothing

Watches/Clocks

Electronic components

Metal manufactures

The principal markets were:

39.6%

7.2%

5.0%

2.7%

United States

China

FRG

UK

Japan

32/%

19%

7%

7%

6%

8. Hong Kong's imports of goods in 1989 totalled

HK$562.8 billion, compared with HK$498.8 billion in 1988.

The principal imports were:

Raw materials

Consumer goods

Capital equipment

Foodstuffs

The principal suppliers were:

China

Japan

Taiwan

United States

43.0%

33.0%

15.5%

6.4%

34.9%

16.6%

9.

1%

8.2%

9.

With the growth of imports slower than that of exports the visible trade balance moved into surplus of HK$ 7.7. billion, compared to a deficit of HK$5.7 billion in 1988. Preliminary estimates indicate a surplus on invisibles of HK$33.6 billion in 1989.

10. For many years Hong Kong's exports to the UK have exceeded British exports to Hong Kong. However, Hong Kong is now, after Japan, Britain's largest market in the

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