Volume & price statistics of external merchandise trade in March

14 May '07

3 min read

Further to the external merchandise trade statistics in value terms for March 2007 released earlier on, the Census and Statistics Department (C&SD) released the volume and price statistics of external merchandise trade for that month.

In March 2007, the volume of Hong Kong's re-exports of goods increased by 8.0% over March 2006, whereas that of domestic exports fell significantly, by 27.9%. Taken together, the volume of total exports of goods increased by 6.0%. Concurrently, the volume of imports of goods increased by 12.0%.

For the first quarter of 2007 as a whole, the volume of Hong Kong's re-exports of goods rose by 10.6% over the same period in 2006, whereas that of domestic exports dropped significantly, by 33.5%. Taken together, the volume of total exports of goods increased by 7.8%. Concurrently, the volume of imports of goods increased by 8.4%.

Comparing the first quarter of 2007 with the fourth quarter of 2006 on a seasonally adjusted basis, the volume of total exports of goods increased by 1.4%. Within this total, the volume of re-exports increased by 1.6%, whereas that of domestic exports decreased by 1.1%. Concurrently, the volume of imports of goods increased by 1.0%.

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

Comparing March 2007 with March 2006, the prices of re-exports of goods increased by 2.8%, while those of domestic exports increased by 0.4%. Taken together, the prices of total exports of goods increased by 2.7%. Concurrently, the prices of imports of goods increased by 2.5%.

As regards the price changes in the first quarter of 2007 over the same period in 2006, the prices of re-exports of goods increased by 2.8%, and those of domestic exports by 0.4%. Taken together, the prices of total exports of goods increased by 2.7%. Concurrently, the prices of imports of goods increased by 2.6%.

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