Census & Statistics
The Census & Statistics Department provides adequate, relevant, reliable and timely statistics to facilitate research, discussion, planning and decision making within the government and in the community.
The value of Hong Kong's total exports and imports of goods recorded year-on-year increases of 16.6% and 16.4% in November.
The Census & Statistics Department said today the month saw the value of total exports of goods, comprising re-exports and domestic exports, rise 16.6% over a year earlier to $273 billion after a year-on-year increase of 13.9% in October. Within this total the value of re-exports rose 16.7% to $266.7 billion in November while the value of domestic exports rose 15.1% to $6.4 billion.
Concurrently, the value of imports of goods rose 16.4% over a year earlier to $296.6 billion, after a year-on-year increase of 14% in October. A visible trade deficit of $23.5 billion, equivalent to 7.9% of the value of imports of goods, was recorded.
For the year’s first 11 months the value of total exports of goods rose 23.8% over the same period last year. Within this total the value of re-exports rose 23.9% while the value of domestic exports grew 20%. Concurrently, the value of imports of goods increased by 26.1%. A visible trade deficit of $290.5 billion was recorded for the period.
Comparing the three-month period ending November this year with the preceding three months on a seasonally adjusted basis, the value of total exports of goods decreased 3.5%. Within this total, the value of re-exports decreased 3.4% while the value of domestic exports went down 5.2%. Meanwhile, the value of imports of goods decreased 2.7%.
Compared with November last year, total exports to Asia grew 17.8%. Apart from destinations in Asia, increases were also registered in the value of total exports to some major destinations in other regions, particularly the US (+14.9%).
The Government said the performance of merchandise exports held up well in November, continuing to show significant year-on-year growth despite the higher base of comparison in the same period last year. This largely reflected the strong demand in regional markets.
