In Focus
ECONOMY | Staff Reporter, Hong Kong
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Outward processing exports to Mainland up 13% to $145b

This accounts for 34% of Hong Kong’s total exports in Q2 2011.

The Census & Statistics Department said, in the second quarter of this year, 34% of Hong Kong's total exports - 17% for domestic exports and 34% for re-exports - to the Mainland were for outward processing.

According to a release, About 47% of imports from the Mainland were related to outward processing during the period, while 72% of re-exports of Mainland origin to other places were produced through outward processing on the Mainland.

The corresponding proportions for exports to the Mainland in the second quarter last year were 31% for total exports, 20% for domestic exports and 31% for re-exports, while the proportions for imports from the Mainland and for re-exports of Mainland origin to other places were 51% and 72%.

In value terms, $145 billion in total exports to the Mainland in the second quarter were for outward processing, representing an increase of 13% over the same period last year.

The value of domestic exports to the Mainland for outward processing dropped 14% to $1.3 billion while the value of re-exports to the Mainland for outward processing increased 13% to $143.7 billion. 

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