Total exports, imports rise

January 26, 2012

The values of Hong Kong’s total goods exports and imports recorded year-on-year increases, at 7.4% and 8.1%, last month.
 
The Census & Statistics Department said today the value of total goods exports, comprising re-exports and domestic exports, rose 7.4% over a year earlier to $271.8 billion, after a year-on-year increase of 2% in November.
 
Within this total, the value of re-exports increased 8.3% to $267.1 billion, while the value of domestic exports decreased 26.5% to $4.7 billion. The value of goods imports rose 8.1% over a year earlier to $320.7 billion, after a year-on-year increase of 8.8% in November.
 
A visible trade deficit of $48.9 billion, equivalent to 15.3% of the value of imports of goods, was recorded in December.
 
For 2011 as a whole, the value of total goods exports rose 10.1% over 2010.  Within this total, the value of re-exports went up 10.5%, while the value of domestic exports dropped 5.5%. The value of goods imports rose 11.9%.
 
A visible trade deficit of $427.3 billion, equivalent to 11.4% of the value of goods imports, was recorded last year.
 
Comparing the fourth quarter of 2011 with the preceding quarter on a seasonally adjusted basis, the value of total goods exports rose slightly by 0.1%. Within this total, the value of re-exports went up 0.1%, whereas the value of domestic exports went down 2.5%. The value of goods imports dropped 0.7%.