HK's outward processing exports up 24%

About 105.9 billion Hong Kong dollars (13.61 billion US dollars) of Hong Kong's total exports to the Chinese mainland in the third quarter were for outward processing, up 24 percent over a year earlier, Hong Kong's Census and Statistics Department said on Tuesday.

The value of domestic exports to the mainland for outward processing dipped 1 percent to 6.5 billion Hong Kong dollars, while the value of re-exports rose sharply, by 26 percent to 98.9 billion Hong Kong dollars.

The value of imports from the mainland related to outward processing grew 15 percent to 181.2 billion Hong Kong dollars, while 183.3 billion Hong Kong dollars of the city's re-exports of mainland origin to other places were produced through outward processing on the mainland, up 13 percent.

In the first nine months of the year, 278.6 billion Hong Kong dollars of Hong Kong's total exports to the mainland were for outward processing, up 19 percent over the same period of last year.

Source: Xinhua