Markup on Hong Kong Re-exports to the United States
The value-added attributed to Hong Kong equals the markup on the prices of goods shipped through this entrepot center, multiplied by the value of these goods. There are several estimates of the markup available, as summarized in Table 2. The interagency report from the Joint Commission on Commerce and Trade (1996) estimated the markup as 40.7% for 1992 and 1993.
This markup is expressed as a percentage of the value of Chinese goods imported into Hong Kong. Alternatively, the markup can be expressed as a percentage of the value of goods when they are re-exported from Hong Kong, and we will consistently follow this practice. The 40.7% markup increases the value of the goods by a factor of 1.407, so that expressed in terms of the re-export value, the markup becomes 40.7/1.407=28.9%. This markup for 1992 and 1993 is shown in the first column of Table 2. loans
|Year||InteragencyReport||Hong Kong Census||Method A||Method В||Method С|