Exports of Hong Kong’s Most Industries Fall in Q2
Exports of Hong Kong’s most industries fall in Q2
HONG KONG, Aug. 7 (Xinhua) — Hong Kong’s exports of most industries suffered declines due to the global economic slowdown in the second quarter, revealed the Census and Statistics Department here Thursday.
The department’s latest statistics showed a fall in exports of six major industries, which accounted for 75 percent of the city’s total domestic export value during the April-June period.
The six major industries are textiles, consumer electrical and electronic products, apparel, chemicals and chemical products, basic metals and fabricated metal products, and machinery, equipment, apparatus, parts and components.
The domestic export value of machinery, equipment, apparatus, parts and components fell 14.1 percent on a year earlier to 2.3 billion HK dollars (295 million U.S. dollars) in the second quarter of 2008 while that for textiles dropped 35.7 percent to 4. 1 billion HK dollars.
For consumer electrical and electronic products, the domestic export value lost 15.5 percent, to 2.9 billion HK dollars while wearing apparel fell 26.7 percent to 2. 7 billion HK dollars.
The domestic export value of basic metals and fabricated metal products outperformed other industries by growing 15.9 percent to 2.5 billion HK dollars while that for chemicals and chemical products rose 6.4 percent to 3 billion HK dollars.
As for other manufacturing industries, the domestic export value of paper and paper products, printing and publishing fell 6.3 percent, to 1.1 billion HK dollars.
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