Table 1 Analysis of exports of services relating to offshore trade against re-exports of goods,
1999 ¡V 2000


Year Value of goods
(HK$ million)
Gross margin/
Commission
(HK$ million)
Trade margin/
Re-exports margin
(%)

Offshore trade 1999 - 69,821 -
2000 - 84,607 -
(21.2)
Merchanting 1999 536,042 # 53,732 10.0
2000 825,678 # 70,692 8.6
(54.0) (31.6)
Merchandising - offshore transactions 1999 - 16,089 -
2000 - 13,915 -
(-13.5)
Re-exports of goods 1999 1,178,400 - 20.3
2000 1,391,722 - 21.1
(18.1)

Notes : 1. Offshore trade in the context of exports of services is constituted by the gross margin from merchanting and the commission from merchandising services for offshore transactions, but does not represent the entire value of goods.
2. For a clearer comparison, the sales values of goods involved in merchanting in 1999 and 2000 are shown against the values of re-exports of goods in same years.
3. Figures in brackets denote percentage changes in 2000 over 1999.
4. # In 1999 and 2000, about 23.4% and 24.0% respectively of the values of goods handled in merchanting were sold to affiliated companies.
5. - Denotes not applicable.

Last updated : 22 July 2002