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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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