Indonesian market share below one percent in Hong Kong

Beijing (ANTARA News) - 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... [read full story]