Import, export prices rise

December 15, 2011

The volume of Hong Kong’s total goods exports recorded a year-on-year rise of 4% in October, as goods re-exports increased 4.8% and domestic exports fell 31.5%, the Census & Statistics Department says.
 
The volume of goods imports rose 3.9% during the same period.
 
Comparing the first 10 months this year with the same period in 2010, the volume of goods re-exports increased 4.1%, whereas that of domestic exports fell 18.8%. Taken together, the volume of total goods exports increased 3.5% while the volume of goods imports rose 5.5%.
 
Comparing the three-month period ending October with the preceding three months on a seasonally adjusted basis, the volume of total goods exports dropped 2.5%. Within this total, the volume of re-exports fell 2.3%, while that of domestic exports fell 12.6%. The volume of goods imports decreased 2%.
 
Comparing October with the same month last year, the prices of goods re-exports rose 8%, while that of domestic exports increased 6.3%. Taken together, the prices of total goods exports rose 7.9%. Concurrently, the prices of goods imports rose 7.4%.
 
In the first 10 months of this year compared with the same period in 2010, the prices of goods re-exports rose 8.2%, while those of domestic exports rose 6.7%. Taken together, the prices of total goods exports increased 8.1%, while the prices of goods imports rose 8.3%.
 
Compared with the same period in 2010, October’s trade index increased 0.5%, whereas it fell slightly, by 0.2%, in the first 10 months of the year.