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infrequent
shipping
schedules are the major obstacles in
exporting the goods directly from China's ports.
26.
In the first three quarters of 1991, the share of
retained imports from China in Hong Kong's total retained
imports stood at 6.7%. Among Hong Kong's major sources of
retained imports, China ranked the fifth after Japan, the
United States, Taiwan and South Korea(19), While Hong Kong's total retained imports increased by 19% in the first
three quarters of 1991 compared with the same period in
1990, those of China origin increased by 13%.
27.
Putting these trade figures in perspective, Hong Kong incurred a visible trade deficit of HK$61,280 million
with China in the first three quarters of 1991,
representing an increase of 13% over the same period in
1990.
1991 H1
(HK$Mn)
1991 Q3 (HK$Mn)
1991 01-03
(HK$Mn)
Domestic exports to China
24,303
14,624
38,927
Re-exports to China
67,530
41,171
108,701
Total exports to China
91,833
55,795
147,628
Imports from China*
129,229
79,679
208,908
Total visible trade with
China
221,063
135,474
356,536
Visible trade balance
-37,396
-23,884
-61,280
with China
* This is slightly larger than imports of China origin because a small proportion of the goods imported from China are produced in other places like Japan, the United States, Taiwan and South Korea.
(19)
In the first three quarters of 1991, Japan accounted for 25.5% of Hong Kong's retained imports, followed by the United States at 12.2%, Taiwan at 11.9%, South Korea at 6.9%, and China at 6.7%.
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