Re-exports
2.8
The value of
was an
a year ago. On the
August, there
fell by 7% in real
re-exports, at
$10,898 million in the
third quarter, was 2% higher than in the corresponding period basis of trade indexes available up to
increase of 9% in prices and re-exports
terms. Compared with an average growth
rate of about 30% per
annum in value terms for the four years
1978 to 1981, the slowing down in the growth rate of
re-exports this year was very marked. However, given that the
growth rate of domestic exports in value terms was even lower
than that of re-exports, the percentage share of the value of
re-exports in the value of total exports increased slightly to
33% in the third quarter, compared with 32% a year ago. China
remained the most significant source of, as well as the
largest market for, goods re-exported through Hong Kong.
Growth rates of re-exports (% )
Year-on-year comparison
In money
terms
In real
terms
Rate of increase in prices
1981/1980
39
28
8
1981/1980 Hl
47
36
H2
31
22
21
58
45
22
39
28
9
Q3
35
25
8
24
29
19
8
1982/1981 H1
10
-3
13
21
12
-2
14
22
8
-3
12
23
2
−7*
9*
Notes: (*) Estimated by using trade indexes
available up to August 1982.
The visible trade gap and the terms of trade
2.
9
In the third quarter, the year-on-year growth of total exports (domestic exports plus re-exports) and of
imports have both slowed down to 1% in value
rates
terms.
In
9
/ consequence,
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