Merchandise exports regained strong growth momentum in the second quarter of 2005, mainly supported by the sustained expansion of the global economy as well as the Mainland's strong trade flows, saya a release from Hong Kong Government.
Total exports of goods recorded a double-digit growth at 11.1% in real terms in the second quarter over a year earlier,
following an 8.9% increase in the first quarter and a 15.3% surge for 2004 as a whole.
On a seasonally adjusted quarter-to-quarter comparison, total exports of goods accelerated sharply by 6.7% in real terms in the second quarter, after showing little change in the first quarter.
Exports to nearly all major markets maintained reasonably strong growth momentum.
In particular, the growth in exports to both US and EU picked up further, though partly boosted by the surge in textile and clothing re-exports sourced from the Mainland.
Exports to the Mainland also accelerated, amidst the Mainland's
vibrant industrial activity. Exports to both Japan and Singapore maintained doubledigit growth.
Exports of services attained a further notable growth at 7.8% in real terms in the second quarter over a year earlier, after an 8.8% increase in the first quarter and following a remarkable 15.3% growth for 2004 as a whole.
On a seasonally adjusted quarter-to-quarter comparison, exports of services rose by 0.2% in thesecond quarter, following a 1.4% increase in the first quarter.
Exports of traderelated services continued to surge, again thanks to the Mainland's strong trade flows.
Exports of travel-related services grew solidly further, underpinned by vibrant inbound tourism.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
