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 From Hong Kong's Information Services Department
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April 26, 2004
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Economy
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Re-exports up 29.9% in February
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Census & Statistics Department

The volume of Hong Kong's re-exports rose 29.9% in February over the same month last year, and domestic exports increased 11.1%. Taken together, the volume of total exports of goods rose substantially, by 28.6%. Concurrently, the volume of imports rose significantly, by 32.4%.

 

Comparing the first two months of 2004 with the same period in 2003, the volume of Hong Kong's re-exports rose 15.4%, while that of domestic exports fell 2.2%. Taken together, the volume of total exports grew 14.1%. Concurrently, imports of goods rose 16.1% in volume.

 

Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the volume of total exports rose 6.2%. Within this, the volume of re-exports rose 6.8%, while domestic exports fell 1.3%. Concurrently, the volume of imports rose 5.5%.

 

Comparing February with the same month last year, the prices of re-exports fell 0.6%, and those of domestic exports by 0.2%. Taken together, the prices of total exports fell 0.6%. Concurrently, the prices of imports rose 0.7%.

 

On price changes in the first two months of 2004, over the same period in 2003, the prices of re-exports fell 0.9%, and those of domestic exports by 0.4%. Taken together, the prices of total exports were down 0.8%. Concurrently, the prices of imports rose 0.5%.