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According to the results of the 2012 Annual Survey of Economic Activities - Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors released today (November 29) 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 $4,901.6 billion in 2012, representing an increase of 1.9% over 2011; on a per establishment basis, total receipts increased by 6.6% compared with 2011 to $29.5 million in 2012.
Operating expenses, cost of goods sold and compensation of employees of the sectors altogether amounted to $4,535.9 billion in 2012, representing an increase of 2.1% over 2011; on a per establishment basis, they increased by 6.9% compared with 2011 to $27.3 million in 2012.
Gross surplus of the sectors, which is equal to total receipts less operating expenses, cost of goods sold and compensation of employees, decreased by 0.8% over 2011 to $365.7 billion in 2012; on a per establishment basis, gross surplus increased from $2.1 million in 2011 to $2.2 million in 2012. Gross surplus accounted for 7.5% of total receipts in 2012, which decreased by 0.2 percentage point compared with 2011.
Value added of the sectors, which is a measure of their total contribution to Hong Kong's Gross Domestic Product, increased by 2.5% over 2011 to $596.9 billion in 2012; on a per establishment basis, the value added was $3.6 million in 2012, which increased by 7.3% over 2011.
According to the survey results, it was estimated that the sectors comprised some 166 300 establishments and engaged about 1 137 900 persons, or an average of 6.8 persons per establishment, in 2012.
In the import/export trade, total receipts amounted to $3,914.0 billion while operating expenses, cost of goods sold and compensation of employees totalled $3,634.6 billion in 2012. Gross surplus decreased from $288.9 billion in 2011 to $279.4 billion in 2012, accounting for 7.1% of total receipts in 2012. Value added decreased by 0.1% over 2011 to $418.7 billion.
In the wholesale trade, total receipts amounted to $315.2 billion while operating expenses, cost of goods sold and compensation of employees totalled $307.9 billion in 2012. Gross surplus decreased from $7.6 billion in 2011 to $7.2 billion in 2012, accounting for 2.3% of total receipts in 2012. Value added increased by 8.3% over 2011 to $19.8 billion.
In the retail trade, total receipts amounted to $515.0 billion while operating expenses, cost of goods sold and compensation of employees totalled $462.4 billion in 2012. Gross surplus increased from $48.9 billion in 2011 to $52.7 billion in 2012, accounting for 10.2% of total receipts in 2012. Value added increased by 8.9% over 2011 to $88.8 billion.
In the accommodation services sector which covered hotels, guesthouses, boarding houses and other establishments providing short term accommodation, total receipts amounted to $40.8 billion while operating expenses, cost of goods sold and compensation of employees totalled $23.9 billion in 2012. Gross surplus increased from $15.1 billion in 2011 to $16.9 billion in 2012, accounting for 41.4% of total receipts in 2012. Value added increased by 11.0% over 2011 to $27.5 billion.
In the food services sector which mainly covered restaurants, total receipts amounted to $116.7 billion while operating expenses, cost of goods sold and compensation of employees totalled $107.1 billion in 2012. Gross surplus increased from $8.2 billion in 2011 to $9.6 billion in 2012, accounting for 8.2% of total receipts in 2012. Value added increased by 8.7% over 2011 to $42.1 billion.
Selected statistics for the import/export, wholesale and retail trades, and accommodation and food services sectors in 2011 and 2012 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 2012". 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 January 2014.
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 ˇ§Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2012ˇ¨.
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/Friday, November 29, 2013
Issued at HKT 16:30
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