Re-exports of goods increase by 16.1%

21 Mar '08

3 min read

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 period in 2007, the index decreased by 0.9% in January 2008.

Comparing January 2008 with January 2007, the total export volume to the mainland of China (the Mainland) grew significantly, by 23.1%. Concurrently, the total export volume to Germany, Japan and the United Kingdom increased by 12.7%, 6.8% and 0.6% respectively. On the other hand, the total export volume to the USA decreased by 5.3%.

Over the same period of comparison, the total export prices to all main destinations increased: the USA (+5.1%), Germany (+3.0%), the United Kingdom (+2.7%), Japan (+1.7%) and the Mainland (+1.6%).

In January 2008, the import volume from Taiwan grew significantly, by 27.3%, over January 2007. Double-digit growth was also recorded for the import volume from the Mainland (+19.3%), Singapore (+18.0%) and Japan (+10.4%) over the same period of comparison. Concurrently, the import volume from the USA increased by 6.3%.

Comparing January 2008 with January 2007, the import prices from Singapore, the Mainland, Japan and Taiwan increased by 14.1%, 3.0%, 1.8% and 0.6% respectively. On the other hand, the import prices from the USA decreased by 0.6%.

Census and Statistics Department

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