As regards price changes in the first eleven months of 2007 over the same period in 2006, the prices of re-exports of goods increased by 2.4%, while those of domestic exports increased by 0.7%. Taken together, the prices of total exports of goods increased by 2.3%. Concurrently, the prices of imports of goods increased by 2.2%.
Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade which are compiled based on average unit values or, for certain commodities, specific price data.
The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2006, the index decreased by 0.2% in November 2007. It increased by 0.1% in the first eleven months of 2007.
Comparing November 2007 with November 2006, the total export volume to the mainland of China (the Mainland), the United Kingdom and Germany increased by 8.7%, 3.7% and 3.6% respectively. On the other hand, the total export volume to Japan and the USA decreased by 3.5% and 6.7% respectively.
Comparing November 2007 with November 2006, the total export prices to all main destinations increased: the USA (+4.2%), the United Kingdom (+3.0%), the Mainland (+2.9%), Japan (+1.9%) and Germany (+1.2%).
Comparing November 2007 with November 2006, double-digit growth was recorded for the import volume from the USA (+15.0%) and the Mainland (+11.4%). Concurrently, the import volume from Singapore, Japan and Taiwan increased by 7.0%, 6.7% and 3.7% respectively.
Comparing November 2007 with November 2006, the import prices from Singapore, the Mainland, Taiwan and Japan increased by 10.1%, 3.0%, 2.5% and 1.2% respectively. On the other hand, the import prices from the USA decreased marginally, by 0.1%.
Census and Statistics Department
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