Table 1 title : Analysis of activities of exports of services relating to offshore trade against re-exports of goods, 2002 - 2003

Value of goods involved in offshore trade for the year 2002 was HK$ million 1,458,252.
Value of goods involved in offshore trade for the year 2003 was HK$ million 1,666,605.
Year-on-year % change of value of goods involved in offshore trade for the year 2003 was 14.3%.

Gross margin and commission earned from exports of services relating to offshore trade for the year 2002 was HK$ million 103,004.
Gross margin and commission earned from exports of services relating to offshore trade for the year 2003 was HK$ million 116,506.

Year-on-year % change of gross margin and commission earned from exports of services relating to offshore trade for the year 2002 was 12.0%.
Year-on-year % change of gross margin and commission earned from exports of services relating to offshore trade for the year 2003 was 13.1%.

Value of goods involved in merchanting for the year 2002 was HK$ million 1,026,780.
24.2% of the sales value of goods handled in merchanting were sold to affiliated companies for the year 2002.
Value of goods involved in merchanting for the year 2003 was HK$ million 1,180,882.
23.9% of the sales value of goods handled in merchanting were sold to affiliated companies for the year 2003.

Year-on-year % change of value of goods involved in merchanting for the year 2002 was 16.0%.
Year-on-year % change of value of goods involved in merchanting for the year 2003 was 15.0%.

Gross margin earned from merchanting for the year 2002 was HK$ million 88,320.
Gross margin earned from merchanting for the year 2003 was HK$ million 100,136.

Year-on-year % change of gross margin earned from merchanting for the year 2002 was 11.2%.
Year-on-year % change of gross margin earned from merchanting for the year 2003 was 13.4%.

Trade margin of merchanting for the year 2002 was 8.6%.
Trade margin of merchanting for the year 2003 was 8.5%.

Value of goods involved in merchandising for offshore transactions for the year 2002 was HK$ million 431,472.
Value of goods involved in merchandising for offshore transactions for the year 2003 was HK$ million 485,723.
The figures on sales value of goods involved in merchandising for offshore transactions, which have been compiled and released since the reference year 2002, are mainly estimated on the basis of the average commission rate of the service providers and should thus be used with caution.
Year-on-year % change of value of goods involved in merchandising for offshore transactions for the year 2003 was 12.6%.

Commission earned from exports of merchandising services for offshore transactions for the year 2002 was HK$ million 14,685.
Commission earned from exports of merchandising services for offshore transactions for the year 2003 was HK$ million 16,369.

Year-on-year % change of commission earned from exports of merchandising services for offshore transactions for the year 2002 was 17.2%.
Year-on-year % change of commission earned from exports of merchandising services for offshore transactions for the year 2003 was 11.5%.

Commission rate of exports of merchandising services for offshore transactions for the year 2002 was 3.4%.
Commission rate of exports of merchandising services for offshore transactions for the year 2003 was 3.4%.

Re-exports of goods for the year 2002 was HK$ million 1,429,590.
Re-exports of goods for the year 2003 was HK$ million 1,620,749.

Year-on-year % change of re-exports of goods for the year 2002 was 7.7%.
Year-on-year % change of re-exports of goods for the year 2003 was 13.4%.

Rate of re-export margin of re-exports of goods for the year 2002 was 19.1%.
Rate of re-export margin of re-exports of goods for the year 2003 was 17.9%.

Note 1 : When referring to offshore trade, only the offshore trade undertaken by Hong Kong establishments is covered, but not the offshore trade undertaken by their affiliated companies located outside Hong Kong.
Note 2 : Statistics on re-exports of goods are shown for comparison.
Note 3 : The sum of individual items and the corresponding total shown in the table may not tally because of rounding.


Last updated on 15 April 2005