Japan'S Earthquake Will Cause Hongkong'S Exports To Shrink By &Nbsp.

The TDC had predicted that Hongkong's export growth in 2011 was 8%.

Pan Yongcai, assistant chief economist of the TDC, said that after the Japanese earthquake, the total value of Hongkong's exports would be reduced by 1%. The impact will begin to emerge in April, and the second, third quarter is more obvious. The fourth quarter is expected to return to normal.

According to the evaluation report, Japan is the second largest source of imports in Hongkong. In 2010, the total value of goods imported from Japan amounted to US $40 billion, of which 70% from Hongkong to other destinations and exported to Hongkong, and 80% of them exported to the mainland of China in the year of 2010.

As Japan is the main supplier of global electronic components, it will have an impact on Hongkong's entrepot trade in this area.

The report points out that Japan's semiconductor supply accounts for 20% of the world's total, and some electronic components are the world's leading producers.

Hongkong, Taiwan and Mainland China and many Korean electronics manufacturers all rely on parts made in Japan, so the Japanese earthquake will have a greater impact on the global electronics industry chain.

For Hongkong, it will significantly affect Hongkong's import and export in electronic products.

For Hongkong's exports to Japan, Pan Yongcai said that although Japan is the third largest export market in Hongkong, it accounts for only 4% of the total exports of Hongkong. The relatively large impact is on consumer goods such as garments, toys, watches and clocks, as well as semi manufactured goods and industrial products.

In addition, the TDC estimates that

Pan Yongcai also said that the US consumer market was better than expected.