Total export, import values up

October 25, 2012

Hong Kong's total goods export and import values rose 15.2% and 14.9% year-on-year for September, the Census & Statistics Department announces.
 
Total goods exports' value grew 15.2% year-on-year for September to $313.2 billion, after a year-on-year increase of 0.6% in August. Within this total, re-exports' value rose 15.3% to $307.8 billion, while  domestic exports' value increased 10.2% to $5.4 billion.
 
At the same time, goods imports' value grew 14.9% to $358.3 billion, after a year-on-year increase of 0.9% in August.
 
A visible trade deficit of $45.2 billion, equivalent to 12.6% of goods imports' value, was recorded for the month.
 
For the first nine months as a whole, total goods exports' value rose 1.5% year-on-year. Within this total, re-exports' value increased 1.8%, whereas domestic exports' value fell 13.1%. At the same time, goods imports' value grew 2.5%.
 
A visible trade deficit of $342.9 billion, or 12% of goods imports' value, was recorded in the first nine months.
 
Comparing September 2012 with September 2011, total exports to Asia grew 20.1%. Increases were also registered in the values of total exports to the US (9%) and the UK (5.1%), while a decrease was registered in the value of total exports to Germany (-9.7%).