Hong Kong transport sector receipts up 4.7%

14:21, November 21, 2009      

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The transport sector's total receipts of Hong Kong, including business receipts and other income, rose 4.7 percent in 2008 over a year earlier to 544.8 billion HK dollars (some 70.4 billion U.S. dollars), the Census and Statistics Department said here on Friday.

The sector's gross surplus dropped 41.6 percent to 33.7 billion(about 4.4 billion U.S. dollars), accounting for 6.2 percent of total receipts last year. The value-added of the sector fell 8.9 percent to 91.5 billion (over 11.8 billion U.S. dollars).

The four largest major industry groups in terms of value-added were land passenger transport, services incidental to transport, air transport, and ocean and coastal water transport. They together accounted for 84.7 percent of the whole sector's total value-added.

The land passenger transport industry's total receipts amounted to 35.7 billion (over 4.6 billion U.S. dollars). Value-added dropped 2.5 percent to 21.4 billion (around 2.8 billion U.S. dollars). Gross surplus was 9.3 billion (over 1.2 billion U.S. dollars) and accounted for 26 percent of total receipts.

Total receipts of the services incidental to the transport industry amounted to 236.3 billion (over 30.5 billion U.S. dollars) . Value-added grew 1.6 percent to 21.2 billion (over 2.7 billion U. S. dollars). Gross surplus was 8.4 billion (1.1 billion U.S. dollars) and accounted for 3.6 percent of total receipts.

The air transport industry's total receipts amounted to 112.2 billion (some 14.5 billion U.S. dollars). Value-added fell 46.9 percent to 17.6 billion (about 2.3 billion U.S. dollars). Gross deficit was 700 million (about 90.4 million U.S. dollars).

Total receipts of the ocean and coastal water transport industry amounted to 128.3 billion (about 16.6 billion U.S. dollars). Value-added dropped 23.1 percent to 17.3 billion (about 2.2 billion U.S. dollars). Gross surplus was 11 billion (about 1.4billion U.S. dollars) and accounted for 8.6 percent of total receipts.

Source: Xinhua
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