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Home >> Business
UPDATED: 08:01, June 22, 2005
HK first quarter sees outward processing exports up 10 percent
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The value of Hong Kong's total exports to the Chinese mainland in this year's first quarter for outward processing surged 10 percent over a year earlier to 78.7 billion HK dollars (10.09 billion US dollars), according to the Census & Statistics Department Tuesday.

While the value of domestic exports to the mainland for outward processing fell 7 percent to 4.3 billion HK dollars (551.28 million US dollars), the value of re-exports to the mainland for outward processing rose 11 percent to 74.4 billion HK dollars (9.54 billion US dollars).

Over the same period of comparison, the value of imports from the mainland related to outward processing went up 13 percent to 147.7 billion HK dollars (18.94 billion US dollars). About 166.7 billion HK dollars (21.37 billion US dollars) 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 percent.

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

About 67 percent of Hong Kong's imports from the mainland were related to outward processing, while 80 percent 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 percent for total exports, 64 percent for domestic exports and 37 percent for re-exports.

Proportions for imports from the mainland and for re-exports of mainland origin to other places were 68 percent and 80 percent.

Source: Xinhua


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