HONG KONG’S RE-EXPORT BOOM CONTINUES
Re-exports from Hong Kong to the rest of the world soared by 30 percent in January, to HK$125 billion ($16 billion), Hong Kong’s census and statistics department reported.
Re-exports are goods importers by Hong Kong from mainland China for final export to third countries.
Re-exports from Hong Kong to the United States amounted to HK$23 billion ($3 billion) in January, an increase of 21.5 percent from January 2002.
For the three months from November 2002 to January 2003, Hong Kong’s total re-exports were HK$380 billion ($49 billion), 24 percent more than in the corresponding period a year earlier. During the same three-month period, re-exports to the U.S. increased by 17.9 percent from prior-year totals, to HK$72 billion ($9 billion).