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Slower increase seen in re-exports

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Carrie Lee

RE-EXPORTS rose 17 per cent to $88.1 billion in September over the same month last year, according to the Census and Statistics Department.

This compares with August's 20 per cent year-on-year increase.

The latest figure took the re-exports growth for the first nine months to 15 per cent or $687.8 billion, slightly up from the 14 per cent year-on-year increase for the first eight months.

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Domestic exports in September grew 2.2 per cent to $19.9 billion over the same period last year.

In the first nine months, they dropped 2.1 per cent to $160.2 billion.

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'This reflected partly the continued restructural shift to re-exports and partly the week demand in overseas markets,' said a statement issued by the Government.

Imports increased 23 per cent to $113.6 billion in September, taking the year-on-year growth in the first nine months to 15 per cent to $905.9 billion.

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