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 From Hong Kong's Information Services Department
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November 10, 2009
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Trade
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September exports down 7.2%
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Census & Statistics Department

September saw the volume of total goods exports fall 7.2% and the volume of goods imports drop 0.6% on the same month last year, the Census & Statistics Department says. The volume of goods re-exports fell 6.5% while that of domestic exports fell 32.2%.

 

The volume of goods re-exports in the first nine months of the year fell 14.6% while that of domestic exports dropped 38.4%. Taken together the volume of total goods exports fell 15.3% while the volume of goods imports dropped 13.8%.

 

In September the prices of goods re-exports rose 0.2% on a year earlier while those of domestic exports fell 1.9%. Taken together the prices of total goods exports rose 0.1%. The prices of goods imports fell 0.9%.

 

Comparing the first nine months of 2009 over the same period last year, the prices of goods re-exports grew 1.2% while those of domestic exports were virtually unchanged. Taken together the prices of total goods exports rose 1.1%, while the prices of goods imports fell 0.5%.

 

September saw the total export volume to the US and the UK dip 25.9% and 20.1% on a year earlier. The total export volume to Germany and Japan fell 13.6% and 10.4%, while the total export volume to the Mainland grew 3.3%.

 

Total export prices to Germany, the Mainland and Japan rose 2%, 0.8% and 0.3%, while the total export prices to the US and the UK fell 0.7% and 1.6%.

 

A double-digit fall of 12.4% was recorded for the import volume from the US. Decreases were also found in the import volume from Japan (-5.2%), Singapore (-2.4%) and the Mainland (1.9%). The import volume from Taiwan rose 11.2%.

 

The import prices from Singapore, the US, the Mainland and Japan dropped 1.7%, 0.8%, 0.6% and 0.1%, while those from Taiwan grew 2%.