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According to the results of the 2010 Annual Survey of Economic Activities - Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors released today (November 24) by the Census and Statistics Department (C&SD), the import/export, wholesale and retail trades, and accommodation and food services sectors' total receipts (i.e. sales and other receipts) amounted to $4,132.7 billion in 2010, representing an increase of 17.9% over 2009; on a per establishment basis, total receipts increased by 13.2% compared with 2009 to $24.5 million in 2010.
Operating expenses, cost of goods sold and compensation of employees of the sectors altogether amounted to $3,854.4 billion in 2010, representing an increase of 17.8% over 2009; on a per establishment basis, they increased by 13.1% compared with 2009 to $22.8 million in 2010.
Gross surplus of the sectors, which is equal to total receipts less operating expenses, cost of goods sold and compensation of employees, increased by 18.9% over 2009 to $278.2 billion in 2010; on a per establishment basis, gross surplus increased from $1.4 million in 2009 to $1.6 million in 2010. Gross surplus accounted for 6.7% of total receipts in 2010, almost the same as in 2009.
Value added of the sectors, which is a measure of its contribution to Hong Kong's Gross Domestic Product, increased by 13.7% over 2009 to $485.9 billion in 2010; on a per establishment basis, the value added was $2.9 million in 2010, which increased by 9.1% over 2009.
According to the survey results, it was estimated that the sectors comprised some 168 800 establishments and engaged about 1 078 600 persons, or an average of 6.4 persons per establishment, in 2010.
In the import and export trade, total receipts amounted to $3,392.1 billion while operating expenses, cost of goods sold and compensation of employees totalled $3,173.0 billion in 2010. Gross surplus increased from $188.6 billion in 2009 to $219.2 billion in 2010, accounting for 6.5% of total receipts in 2010. Value added increased by 12.2% over 2009 to $354.3 billion.
In the wholesale trade, total receipts amounted to $250.6 billion while operating expenses, cost of goods sold and compensation of employees totalled $242.5 billion in 2010. Gross surplus increased from $6.2 billion in 2009 to $8.1 billion in 2010, accounting for 3.2% of total receipts in 2010. Value added increased by 22.8% over 2009 to $17.5 billion.
In the retail trade, total receipts amounted to $359.5 billion while operating expenses, cost of goods sold and compensation of employees totalled $326.9 billion in 2010. Gross surplus increased from $24.5 billion in 2009 to $32.6 billion in 2010, accounting for 9.1% of total receipts in 2010. Value added increased by 20.0% over 2009 to $59.9 billion.
In the accommodation services sector which mainly covered hotels, guesthouses, boarding houses and other establishments providing short term accommodation, total receipts amounted to $29.1 billion while operating expenses, cost of goods sold and compensation of employees totalled $18.3 billion in 2010. Gross surplus increased from $7.3 billion in 2009 to $10.8 billion in 2010, accounting for 37.1% of total receipts in 2010. Value added increased significantly by 29.7% over 2009 to $18.9 billion.
In the food services sector which mainly covered restaurants, total receipts amounted to $101.4 billion while operating expenses, cost of goods sold and compensation of employees totalled $93.7 billion in 2010. Gross surplus increased from $7.4 billion in 2009 to $7.6 billion in 2010, accounting for 7.5% of total receipts in 2010. Value added increased by 6.9% over 2009 to $35.2 billion.
Selected statistics for the import/export, wholesale and retail trades, and accommodation and food services sectors in 2009 and 2010 are shown in the attached table.
More detailed survey results on the import/export, wholesale and retail trades, and accommodation and food services sectors will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2010". Users can download this report (in PDF format) free of charge at the website of C&SD (www.censtatd.gov.hk/products_and_services/products/publications/index.jsp) as from end December 2011.
Starting from 2010, the C&SD collected data on depreciation with a view to enhancing the quality of the statistics on operating cost. The corresponding results will be published in the report "Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2010".
For enquiries about the key statistics on business performance and operating characteristics of the import/export, wholesale and retail trades, and accommodation and food services sectors, please contact the Distribution Services Statistics Section of the C&SD at telephone 2802 1264 or e-mail asw@censtatd.gov.hk.
Ends/Thursday, November 24, 2011
Issued at HKT 16:33
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