ID :
14021
Sun, 07/27/2008 - 21:05
Auther :
Shortlink :
http://m.oananews.org//node/14021
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RI'S MARKET SHARE IN HK BELOW ONE PERCENT
Beijing, July 27 (ANTARA) - Indonesia's market share in Hong Kong is recorded at below one percent and it has been showing a downward trend in the past several years, Indonesia's Trade Consul in Hong Kong Haris Munandar said a dispatch here on Sunday.
He said that Indonesia's market share in Hong Kong in 2003 was recorded at 0.67 percent, down to 0.64 percent in 2004 but remained at 0.64 percent in 2005.
The trade consul said that the market share dropped further to 0.58 percent in 2006 and to 0.56 percent in 2007.
In the first quarter of 2008, its market share of 0.59 percent declined by 0.01 percent compared with the same period in the previous year at 0.60 percent.
Haris said that despite declining trade, the surpluses of Indonesia-Hong Kong trade balance remained in favor of Jakarta. But this also tended to weaken.
In 2003 for example, Indonesia experienced a trade surplus of 556.82 million, which rose to 638.64 million in 2005, but it dropped to 493.93 million dollars in 2006 and slid further to 262.41 million dollars in 2007.
In the first quarter of 2008, Indonesia's trade surplus with Hong Kong reached US$65.74 million, down by 65.74 percent compared with the corresponding period a year earlier which stood at US$129.17 million.
Indonesia's main exports to Hong Kong included coals which in the first semester of 2008 increased 28.23 percent from US154.22 million to US$197.76 million, bird nest (rose 29.81 percent from US$66.53 million to 86.09 million, electronics and tape recorders (up 128.7 percent from 30.97 million dollars to US$70.85 million and crude palm oil (increased 164.66 percent from 5.31 million dollars to US14.06 million ).
Indonesia's commodities which have a large market share in Hong Kong included food and coals whose market shares in the first semester of 2008 accounted for 86.95 percent and 84.42 percent respectively.
He said that Indonesia's market share in Hong Kong in 2003 was recorded at 0.67 percent, down to 0.64 percent in 2004 but remained at 0.64 percent in 2005.
The trade consul said that the market share dropped further to 0.58 percent in 2006 and to 0.56 percent in 2007.
In the first quarter of 2008, its market share of 0.59 percent declined by 0.01 percent compared with the same period in the previous year at 0.60 percent.
Haris said that despite declining trade, the surpluses of Indonesia-Hong Kong trade balance remained in favor of Jakarta. But this also tended to weaken.
In 2003 for example, Indonesia experienced a trade surplus of 556.82 million, which rose to 638.64 million in 2005, but it dropped to 493.93 million dollars in 2006 and slid further to 262.41 million dollars in 2007.
In the first quarter of 2008, Indonesia's trade surplus with Hong Kong reached US$65.74 million, down by 65.74 percent compared with the corresponding period a year earlier which stood at US$129.17 million.
Indonesia's main exports to Hong Kong included coals which in the first semester of 2008 increased 28.23 percent from US154.22 million to US$197.76 million, bird nest (rose 29.81 percent from US$66.53 million to 86.09 million, electronics and tape recorders (up 128.7 percent from 30.97 million dollars to US$70.85 million and crude palm oil (increased 164.66 percent from 5.31 million dollars to US14.06 million ).
Indonesia's commodities which have a large market share in Hong Kong included food and coals whose market shares in the first semester of 2008 accounted for 86.95 percent and 84.42 percent respectively.
