HONG KONG:Hong Kong’s total exports to China for outward processing rose 4.0 percent to HK$147.3 billion ($18.87 billion), in terms of value in the third quarter of 2017, the Census and Statistics Department said on Monday.
Outward processing trade involves the shipment of raw materials to mainland China for manufacturing. Finished products are then shipped back to Hong Kong for re-export.
(Rounded figures in billions of Hong Kong dollars and year-on-year percentage change in brackets):
3rd qtr 2017 2nd qtr 2017 Total exports to China 147.29 (4.0) 140.43 (3.7) Domestic exports to China 0.584 (-4.5) 0.413 (-7.2) Re-exports to China 146.70 (4.0) 140.02 (3.7) Imports from China 197.92 (1.8) 204.42 (3.8) ($1 = 7.8078 Hong Kong dollars)
