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Capital goods imports climb 22pc

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IMPORTS of capital goods surged 22 per cent in volume in January over the same period last year with notable increases for office machines and electrical machinery.

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However, the import of textile machinery and construction machinery declined, suggesting a slowdown in the two sectors.

The import volume of raw materials and semi-manufacturers increased by 37 per cent in January 1994 compared with the same period last year.

On the other hand, considerable decreases in the volume of domestic exports were recorded for radios of all kinds, which fell 68 per cent, footwear, which dropped 23 per cent and textile made-ups and releated articles, which fell 16 per cent.

Prices of domestic exports in January rose a marginal 0.6 per cent, while re-export prices remained virtually unchanged, according to official figures.

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Total exports increased by 29 per cent in volume, while imports grew by 26 per cent.

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