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HK Outward Processing Exports Down

About 99.4 billion HK dollars (US$12.74 billion) of Hong Kong's total exports to the mainland in the second quarter were for outward processing, down 2 percent over a year earlier, the Hong Kong Census & Statistics Department said Thursday.

 

The value of domestic exports to the mainland for outward processing fell 13 percent to 5.6 billion HK dollars (US$724.36 million) while the value of re-exports dipped one percent to 93.7 billion HK dollars (US$12.01 billion).

 

The value of imports from the mainland related to outward processing grew one percent to 163.4 billion HK dollars (US$20.95 billion), while 186.2 billion HK dollars (US$23.87 billion) of the city's re-exports of mainland origin to other places were produced through outward processing on the mainland, up 12 percent, it said.

 

In the first half of the year, 178.1 billion HK dollars (US$22.83 billion) of Hong Kong's total exports to the mainland were for outward processing, up 3 percent over the same period last year, added the department.

 

(Xinhua News Agency September 23, 2005)

 

Nation Takes Steps to Boost Processing Trade
Processing Trade on Fast Track
Imports and Exports by Processing Trade Exceeding US$300 Billion in 2002
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