Prices of total exports of goods soar by 2.9%

17 Jan '08

3 min read

Further to the external merchandise trade statistics in value terms for November 2007 released earlier on, the Census and Statistics Department (C&SD) released January 17 the volume and price statistics of external merchandise trade for that month.

In November 2007, the volume of Hong Kong's re-exports of goods increased by 5.3% over November 2006, whereas that of domestic exports decreased by 1.3%. Taken together, the volume of total exports of goods increased by 5.0%. Concurrently, the volume of imports of goods increased by 9.6%.

Comparing the first eleven months of 2007 with the same period in 2006, the volume of Hong Kong's re-exports of goods rose by 10.3%, whereas that of domestic exports dropped significantly, by 21.4%. Taken together, the volume of total exports of goods grew by 8.5%. Concurrently, the volume of imports of goods increased by 10.5%.

Comparing the three-month period ending November 2007 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods increased by 0.6%. Within this total, the volume of re-exports increased by 0.6%, while that of domestic exports increased by 0.2%. Concurrently, the volume of imports of goods increased by 2.8%.

Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.

Comparing November 2007 with November 2006, the prices of re-exports of goods increased by 3.0%, while those of domestic exports increased by 0.8%. Taken together, the prices of total exports of goods increased by 2.9%. Concurrently, the prices of imports of goods increased by 3.1%.

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