Volume of re-exports of goods increases by 13% in April 2007

15 Jun '07

3 min read

As regards price changes in the first four months of 2007 over the same period in 2006, the prices of re-exports of goods increased by 2.7%, while those of domestic exports increased by 0.4%. Taken together, the prices of total exports of goods increased by 2.5%. Concurrently, the prices of imports of goods also increased by 2.5%.

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 periods in 2006, the index decreased marginally, by 0.2%, in April 2007. It remained virtually unchanged in the first four months of 2007.

In April 2007, the total export volume to the mainland of China (the Mainland), the United Kingdom, USA and Germany increased by 13.2%, 11.1%, 7.5% and 4.8% respectively over April 2006. On the other hand, the total export volume to Japan decreased by 0.9% over the same period of comparison.

Comparing April 2007 with April 2006, the total export prices to all main destinations increased: the Mainland (+2.9%), the United Kingdom (+2.6%), Japan (+1.2%), USA (+1.0%) and Germany (+0.8%).

In April 2007, the import volume from Singapore grew significantly, by 23.7%, over April 2006. Double-digit growth was also recorded for the import volume from the Mainland (+18.0%) and USA (+15.1%) over the same period of comparison. Concurrently, the import volume from Japan increased by 9.1%, whereas that from Taiwan decreased by 0.6%.

Comparing April 2007 with April 2006, the import prices from Taiwan, the Mainland, Japan and USA increased by 3.3%, 2.9%, 1.6% and 1.0% respectively. On the other hand, the import price from Singapore decreased by 1.8%.

Census and Statistics Department

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