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Transport sector receipts up 4.7%


The transport sector's total receipts, including business receipts and other income, rose 4.7% in 2008 over a year earlier, to $544.8 billion, the Census & Statistics Department says.

The sector's gross surplus dropped 41.6% to $33.7 billion, accounting for 6.2% of total receipts last year. The value-added of the sector fell 8.9% to $91.5 billion.

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% of the whole sector's total value-added.

The land passenger transport industry's total receipts amounted to $35.7 billion. Value-added dropped 2.5% to $21.4 billion. Gross surplus was $9.3 billion and accounted for 26% of total receipts.

Total receipts of the services incidental to the transport industry amounted to $236.3 billion. Value-added grew 1.6% to $21.2 billion. Gross surplus was $8.4 billion and accounted for 3.6% of total receipts.

The air transport industry's total receipts amounted to $112.2 billion. Value-added fell 46.9% to $17.6 billion. Gross deficit was $700 million.

Total receipts of the ocean and coastal water transport industry amounted to $128.3 billion. Value-added dropped 23.1% to $17.3 billion. Gross surplus was $11 billion and accounted for 8.6% of total receipts.

Meanwhile, the Hong Kong port handled 1.7 million TEUs in October, 18.2% less than October 2008. From Jan-Oct 2009, the port has handled an accumulated total of 17.2 million TEUs, 17.6% less than the same period in 2008.

Over in the Shenzhen, the ports handled 1.7 million TEUs in October, 10.2% less than October 2008, and an accumulated total of 14.8 million TEUs from Jan-Oct 2009, 18% less than the same period last year.