Home / Knowledge / News / Merchandise exports remain vibrant in first two months
Merchandise exports remain vibrant in first two months
27
Mar '08
The Census and Statistics Department (C&SD) released March 27 the external merchandise trade statistics for February 2008. In February 2008, the values of Hong Kong's total exports and imports of goods recorded year-on-year increases of 7.6% and 11.9% respectively.

As the trade flows in January and February of each year tend to show considerable volatilities due to difference in timing of the Lunar New Year Holidays, it is useful to analyse the trade figures for these two months taken together.

Taking January and February as a whole to neutralise the distortion caused by the difference in timing of the Lunar New Year Holidays, the value of total exports of goods rose by 12.1% over the same period in 2007. Within this total, the value of re-exports increased by 12.5%, while the value of domestic exports increased by 0.9%.

Concurrently, the value of imports of goods increased by 14.6%. A visible trade deficit of $23.3 billion, equivalent to 5.2% of the value of imports of goods, was recorded in the first two months of 2008.

In February 2008, the value of total exports of goods (comprising re-exports and domestic exports) increased by 7.6% over a year earlier to $184.4 billion, after a year-on-year increase of 15.8% in January 2008. Within this total, the value of re-exports increased by 7.8% to $178.1 billion in February 2008, while the value of domestic exports increased by 1.1% to $6.3 billion.

Concurrently, the value of imports of goods increased by 11.9% over a year earlier to $200.2 billion in February 2008, after a year-on-year increase of 16.9% in January 2008. A visible trade deficit of $15.8 billion, equivalent to 7.9% of the value of imports of goods, was recorded in February 2008.

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X