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Import volume from USA grows significantly by 21.3%
14
Feb '08
Further to the external merchandise trade statistics in value terms for December 2007 released earlier on, the Census and Statistics Department (C&SD) released February 14 the volume and price statistics of external merchandise trade for that month.

In December 2007, the volume of Hong Kong's re-exports of goods increased by 6.5% over December 2006, while that of domestic exports increased by 3.8%. Taken together, the volume of total exports of goods increased by 6.4%. Concurrently, the volume of imports of goods increased by 9.9%.

Comparing 2007 with 2006, the volume of Hong Kong's re-exports of goods rose by 9.9%, whereas that of domestic exports dropped significantly, by 19.8%. Taken together, the volume of total exports of goods grew by 8.3%. Concurrently, the volume of imports of goods increased by 10.4%.

Comparing the fourth quarter of 2007 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods increased by 1.8%. Within this total, the volume of re-exports increased by 1.9%, whereas that of domestic exports was virtually unchanged. Concurrently, the volume of imports of goods increased by 3.6%.

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

Comparing December 2007 with December 2006, the prices of re-exports of goods increased by 2.8%, while those of domestic exports increased by 0.9%. Taken together, the prices of total exports of goods increased by 2.7%. Concurrently, the prices of imports of goods increased by 3.0%.

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