Home / Knowledge / News / Textiles / Exports to Asia grow by 3.3%

Exports to Asia grow by 3.3%

25
Apr '08
The Census and Statistics Department (C&SD) released April 24 the external merchandise trade statistics for March 2008. In March 2008, the values of Hong Kong's total exports and imports of goods recorded year-on-year increases of 7.6% and 6.6% respectively.

In March 2008, the value of total exports of goods (comprising re-exports and domestic exports) increased by 7.6% over a year earlier to $222.5 billion, at the same rate of year-on-year increase as recorded in February 2008. Within this total, the value of re-exports increased by 7.9% to $215.0 billion in March 2008, whereas the value of domestic exports decreased by 1.0% to $7.5 billion.

Concurrently, the value of imports of goods increased by 6.6% over a year earlier to $250.7 billion in March 2008, after a year-on-year increase of 11.9% in February 2008. A visible trade deficit of $28.1 billion, equivalent to 11.2% of the value of imports of goods, was recorded in March 2008.

For the first quarter of 2008 as a whole, the value of total exports of goods rose by 10.5% over the same period in 2007. Within this total, the value of re-exports increased by 10.9%, while the value of domestic exports increased by 0.3%.

Concurrently, the value of imports of goods increased by 11.6%. A visible trade deficit of $51.5 billion, equivalent to 7.4% of the value of imports of goods, was recorded in the first quarter of 2008.

Comparing the first quarter of 2008 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods rose by 2.0%. Within this total, the value of re-exports increased by 2.1%, whereas the value of domestic exports went down by 0.6%. Meanwhile, the value of imports of goods remained virtually unchanged in the first quarter of 2008.

Analysis by country/territory:
Comparing March 2008 with March 2007, exports to Asia as a whole grew by 3.3%. In this region, strong increases were registered in the values of total exports to some major destinations, in particular India (+83.7%), Singapore (+28.5%), Vietnam (+25.0%), Malaysia (+17.9%) and Thailand (+11.8%).


Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search