Re-exports of goods increase by 16.1%

21 Mar '08

3 min read

Further to the external merchandise trade statistics in value terms for January 2008 released earlier on, the Census and Statistics Department (C&SD) released March 20 the volume and price statistics of external merchandise trade for that month.

In January 2008, the volume of Hong Kong's re-exports of goods increased by 16.1% over January 2007, whereas that of domestic exports decreased by 1.1%. Taken together, the volume of total exports of goods increased by 15.4%. Concurrently, the volume of imports of goods increased by 16.9%.

Comparing the three months ending January 2008 with the three months ending January 2007, the volume of Hong Kong's re-exports of goods rose by 9.1%, while that of domestic exports increased by 0.4%. Taken together, the volume of total exports of goods grew by 8.7%. Concurrently, the volume of imports of goods increased by 12.0%.

Comparing the three-month period ending January 2008 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods increased by 3.5%. Within this total, the volume of re-exports increased by 3.7%, while that of domestic exports increased by 0.5%. Concurrently, the volume of imports of goods increased by 4.5%.

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

Comparing January 2008 with January 2007, the prices of re-exports of goods increased by 2.6%, while those of domestic exports increased by 2.8%. Taken together, the prices of total exports of goods increased by 2.6%. Concurrently, the prices of imports of goods increased by 3.5%.

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