Import volume from USA grows significantly by 21.3%

14 Feb '08

3 min read

As regards price changes in 2007 over 2006, the prices of re-exports of goods increased by 2.4%, while those of domestic exports increased by 0.8%. Taken together, the prices of total exports of goods increased by 2.3%. Concurrently, the prices of imports of goods increased by 2.3%.

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 December 2007, whereas it increased by 0.1% in 2007.

Comparing December 2007 with December 2006, the total export volume to the mainland of China (the Mainland), Japan and Germany increased by 8.3%, 3.1% and 1.5% respectively. On the other hand, the total export volume to the USA and the United Kingdom decreased by 3.5% and 6.3% respectively.

Over the same period of comparison, the total export prices to all main destinations increased: the USA (+4.9%), the United Kingdom (+3.3%), Germany (+2.4%), the Mainland (+2.1%) and Japan (+1.7%).

In December 2007, the import volume from the USA grew significantly, by 21.3%, over December 2006. Double-digit growth was also recorded for the import volume from Singapore (+15.7%), Taiwan (+11.5%) and the Mainland (+10.3%) over the same period of comparison. Concurrently, the import volume from Japan increased by 7.6%.

Comparing December 2007 with December 2006, the import prices from Singapore, the Mainland, Japan and the USA increased by 8.2%, 3.2%, 1.7% and 0.1% respectively. On the other hand, the import prices from Taiwan decreased by 1.4%.

Census and Statistics Department

More Census & Statistics Department News...