Volume of re-exports of goods grow by 11%

17 Jun '08

3 min read

Further to the external merchandise trade statistics in value terms for April 2008 released earlier on, the Census and Statistics Department (C&SD) released June 17 the volume and price statistics of external merchandise trade for that month.

In April 2008, the volume of Hong Kong's re-exports of goods increased by 14.7% over April 2007, whereas that of domestic exports decreased by 17.1%. Taken together, the volume of total exports of goods increased by 13.4%. Concurrently, the volume of imports of goods increased by 8.5%.

Comparing the first four months of 2008 with the same period in 2007, the volume of Hong Kong's re-exports of goods rose by 11.0%, whereas that of domestic exports decreased by 8.3%. Taken together, the volume of total exports of goods grew by 10.2%. Concurrently, the volume of imports of goods increased by 9.3%.

Comparing the three-month period ending April 2008 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods increased slightly by 0.7%. Within this total, the volume of re-exports increased by 1.0%, whereas that of domestic exports decreased by 6.2%. Concurrently, the volume of imports of goods decreased by 3.9%.

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

Comparing April 2008 with April 2007, the prices of re-exports of goods increased by 3.1%, while those of domestic exports increased by 4.8%. Taken together, the prices of total exports of goods increased by 3.2%. Concurrently, the prices of imports of goods increased by 4.5%.

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