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Mainland continues re-export dominance

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China's dominance of the territory's re-export market was maintained in the first half of the year, government data shows.

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About 90 per cent of the $551 billion of re-exports through Hong Kong involved China in at least one direction.

Those re-exports heading to the mainland accounted for 36 per cent of the territory's re-export value during the period, while those originating from China were 56 per cent.

A spokesman for the Census and Statistics Department said much of the re-export trade involving China was related to outward processing.

Raw materials and semi-manufactured goods were exported from Hong Kong to China for processing, and the final products subsequently were returned to Hong Kong, and re-exported to overseas markets.

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Other main sources of re-exports were Japan, with 11 per cent; Taiwan, at 7.3 per cent; and the United States, 5.5 per cent.

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