ENG-2009 — Page 144

96 Commerce and Industry

Manufacturers of food products and beverages were the largest employers in the manufacturing sector as at December 2009, followed by employers in the printing and reproduction of recorded media industries. Chart 1 shows the breakdown of employment within the manufacturing sector as at December 20091.

Chart 1

Number of Persons Employed by the Manufacturing Sector as at December 2009

Others

27.4% (34 214)

Rubber and plastics products

(except furniture, toys,

sports goods and stationery) 2.3% (2 907)

Pharmaceuticals, medicinal chemical

and botanical products

2.8% (3 461)

Fabricated metal products

(except machinery and equipment)

3.4% (4 262)

Textiles 5.6% (6 995)

Food products and beverages 20.9% (26 074)

Printing and reproduction

of recorded media

15.9% (19 835)

Electronics 8.0% (10 032)

Wearing apparel 13.7% (17 127)

The Services Sector

The services sector has grown significantly in the past two decades. Its share of Hong Kong's Gross Domestic Product (GDP) rose from 73.9 per cent in 1989 to 92 per cent in 2008. In 2009, 88 per cent of total employment was in the services sector. Hong Kong has become one of the most service-oriented economies in the world.

In 2009, Hong Kong's total services trade amounted to $1,014 billion, making it the world's 15th largest trading entity in terms of value of services trade. In the same year, Hong Kong exported $670 billion worth of services, equivalent to 41 per cent of GDP. In 2009, Hong Kong ranked third after China and Japan in the region. in terms of total value of exports of services. In the global league table of exports of services, Hong Kong ranked 11th in the same year.

Hong Kong's exports of services comprise mainly merchanting and other trade-related services, transportation services and travel services. These accounted for 30, 29 and 19 per cent respectively of the total value in 2009. The corresponding share for exports of financial services was 13 per cent, and that for exports of insurance and other services was 9 per cent. Hong Kong is a net exporter of services in overall terms with an overall surplus of $325.9 billion in 2009. Analysed by

1 The above statistics are compiled based on the Hong Kong Standard Industrial Classification (HSIC)

Version 2.0.