Trade between Hong Kong and India has continued to expand as the effects of India's economic reforms and liberalisation policies take hold.
Hong Kong's total exports to India rose 65 per cent from January to November last year to US$730 million, following a 36 per cent increase to US$517 million during 1994.
All last year's figures are based on 11 months of trading from January to November. Domestic exports for 1995 were worth $49 million and re-exports $681 million.
According to Hong Kong Trade Development Council figures, re-exports, about 40 per cent of which were from China, increased 67 per cent in 1995 on the back of 37 per cent growth the previous year.
Domestic exports rose by 38 per cent last year and 22 per cent the previous year. Major domestic exports included textiles, watches and clocks, semi-conductors and machinery.
Dominant re-exports included precious stones, semi-conductors, telecommunications equipment and pharmaceuticals. By contrast, India exported $1.72 billion worth of goods to Hong Kong, an increase of 28 per cent. Re-exports accounted for $709 million, up 19 per cent from the previous year.
Total bilateral trade stood at about $2.45 billion, compared with $1.96 billion for 1994.