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 From Hong Kong's Information Services Department
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June 21, 2005
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Trade

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Q1 outward processing exports value up 10%
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Census & Statistics Department

The value of Hong Kong's total exports to the Mainland in this year's first quarter for outward processing surged 10% over a year earlier to $78.7 billion, the Census & Statistics Department says.

 

While the value of domestic exports to the Mainland for outward processing fell 7% to $4.3 billion, the value of re-exports to the Mainland for outward processing rose 11% to $74.4 billion.

 

Over the same period of comparison, the value of imports from the Mainland related to outward processing went up 13% to $147.7 billion. About $166.7 billion of Hong Kong's re-exports of Mainland origin to other places were produced through outward processing in the Mainland, representing an increase of 12%.

 

The quarter also saw 38% of Hong Kong's total exports go to the Mainland for outward processing. The proportion was 54% for domestic exports and 37% for re-exports.

 

About 67% of Hong Kong's imports from the Mainland were related to outward processing, while 80% of Hong Kong's re-exports of Mainland origin to other places were produced through outward processing in the Mainland.

 

The corresponding proportions for exports to the Mainland in last year's first quarter were 38% for total exports, 64% for domestic exports and 37% for re-exports. Proportions for imports from the Mainland and for re-exports of Mainland origin to other places were 68% and 80%.