ENG-2010 — Page 139

Commerce and Industry 97

Manufacturers of food products and beverages were the largest employers in the manufacturing sector as at December 2010, followed by employers in the printing and reproduction of media industries. Chart 1 shows the breakdown of employment within the manufacturing sector as at December 20101.

Chart 1

Number of Persons Employed by the Manufacturing Sector as at December 2010

Others

28.1% (32 991)

Rubber and plastics products

(except furniture, toys,

sports goods and stationery) 2.3% (2 729)

Pharmaceuticals, medicinal chemical

and botanical products 3.1% (3 693)

Fabricated metal products

(except machinery and equipment)

3.2% (3 743)

Food products and beverages 21.6% (25 379)

Printing and reproduction

of recorded media

16.5% (19 432)

Textiles 5.2% (6 082)

Electronics 8.1% (9 565)

Wearing apparel 11.9% (13 976)

The Services Sector

The services sector has grown significantly in the past decade. Its share of Hong Kong's Gross Domestic Product (GDP) rose from 87.2 per cent in 2000 to 92.6 per cent in 2009. In 2010, 88.3 per cent of total employment was in this sector. Hong Kong has become one of the most service-orientated economies in the world.

In 2010, Hong Kong's total services trade amounted to $1,232 billion, making it the world's 14th largest trading entity in terms of value of this trade. In 2010, Hong Kong exported $835 billion worth of services, contributing to 48 per cent of GDP. In 2010, Hong Kong ranked fifth after China, Japan, Singapore and India in the region in terms of total value of exports of services. In the global league table, Hong Kong ranked 11th in 2010.

Hong Kong's exports of services comprise mainly merchanting and other trade- related services, transportation services and travel services. These accounted for 30, 28 and 21 per cent respectively of the total value in 2010. The corresponding share for exports of financial services was 12 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 $438.4 billion in 2010. Analysed by components of services trade, merchanting and other trade-related services recorded the largest surplus in 2010, at $214.4 billion, followed by transportation services ($123.4 billion), financial services ($70.8 billion) and travel services ($42.1 billion).

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

Version 2.0.