Further to the external merchandise trade statistics in value terms for January 2007 released earlier on, the Census and Statistics Department released the volume and price statistics of external merchandise trade for that month.
In January 2007, the volume of Hong Kong's re-exports of goods increased by 10.5% over January 2006, while that of domestic exports decreased significantly, by 37.5%. Taken together, the volume of total exports of goods increased by 7.2%. Concurrently, the volume of imports of goods increased by 12.2%.
Comparing the three months ending January 2007 with the three months ending January 2006, the volume of Hong Kong's re-exports of goods rose by 15.0%, while that of domestic exports fell significantly, by 34.9%. Taken together, the volume of total exports of goods grew by 11.5%. Concurrently, the volume of imports of goods increased by 13.2%.
Comparing the three-month period ending January 2007 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods increased by 1.5%. Within this total, the volume of re-exports increased by 2.6%, while that of domestic exports decreased by 19.5%. Concurrently, the volume of imports of goods increased by 0.7%.
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 2007 with January 2006, the prices of re-exports of goods increased by 2.8%, and those of domestic exports marginally, by 0.1%. Taken together, the prices of total exports of goods increased by 2.7%. Concurrently, the prices of imports of goods increased by 2.7%.
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