Hong Kong – Volume and price statistics of external merchandise trade in December 2023
Volume and price statistics of external merchandise trade in December 2023
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Further to the external merchandise trade statistics in value terms for December 2023 released earlier on, the Census and Statistics Department (C&SD) released today (February 15) the volume and price statistics of external merchandise trade for that month.
In December 2023, the volume of Hong Kong’s total exports of goods and imports of goods increased by 7.4% and 6.7% respectively over December 2022.
Comparing 2023 with 2022, the volume of Hong Kong’s total exports of goods and imports of goods decreased by 11.6% and 9.2% respectively.
Comparing the fourth quarter of 2023 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 2.0% and 2.2% respectively.
Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
Comparing December 2023 with December 2022, the prices of total exports of goods and imports of goods increased by 3.2% and 4.6% respectively.
As regards price changes in 2023 over 2022, the prices of total exports of goods and imports of goods increased by 4.4% and 3.9% respectively.
Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2022, the index decreased by 1.3% in December 2023, whereas it increased by 0.4% in 2023 as a whole.
Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
Comparing December 2023 with December 2022, increases were recorded for the total export volume to all main destinations: India (38.1%), Taiwan (33.8%), the USA (22.7%), Vietnam (18.3%) and the mainland of China (the Mainland) (4.6%).
Over the same period of comparison, the total export prices to all main destinations increased:
India (7.0%), Vietnam (5.4%), Taiwan (4.3%), the Mainland (3.5%) and the USA (3.2%).
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
Comparing December 2023 with December 2022, increases were recorded for the import volume from Korea (41.9%), the Mainland (8.3%) and Japan (0.9%). On the other hand, the import volume from Taiwan (-5.4%) and Singapore (-19.0%) decreased.
Over the same period of comparison, the import prices from all main suppliers increased: Singapore (9.7%), Taiwan (7.7%), the Mainland (4.9%), Japan (2.8%) and Korea (2.1%).
Further information
Details of the above statistics are published in the December 2023 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).
Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).
Volume and price statistics of external merchandise trade in August 2022
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Volume and price statistics of external merchandise trade in September 2021
*************************************************************************** In September 2021, the volume of Hong Kong’s total exports of goods and imports of goods increased by 9.3% and 15.0% respectively over September 2020. Comparing the first nine months of 2021 with the same period in 2020, the volume of Hong Kong’s total exports of goods and imports of goods increased by 22.3% and 21.5% respectively. Comparing the third quarter of 2021 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods decreased by 0.7%, while the volume of imports of goods increased by 0.6%. Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted. Comparing September 2021 with September 2020, the prices of total exports of goods and imports of goods increased by 6.6% and 8.0% respectively. As regards price changes in the first nine months of 2021 over the same period in 2020, the prices of total exports of goods and imports of goods increased by 4.1% and 4.2% respectively. Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data. The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2020, the index decreased by 1.3% in September 2021 and 0.1% in the first nine months of 2021. Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1. Comparing September 2021 with September 2020, double-digit increases were recorded for the total export volume to Taiwan (38.6%), India (23.1%), the USA (13.1%) and Japan (12.0%). Concurrently, the total export volume to the mainland of China (the Mainland) also increased by 1.3%. Over the same period of comparison, the total export prices to Taiwan (10.6%), the Mainland (9.4%), India (4.2%) and Japan (0.8%) increased. On the other hand, the total export prices to the USA decreased by 0.1%. Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2. Comparing September 2021 with September 2020, double-digit increases were recorded for the import volume from the Mainland (20.2%), Korea (19.7%), Singapore (11.7%) and Japan (10.9%). Concurrently, the import volume from Taiwan (5.6%) also increased. Over the same period of comparison, the import prices from all main suppliers increased: Taiwan (17.8%), Korea (17.3%), Singapore (9.1%), the Mainland (7.4%) and Japan (1.7%). Further information Details of the above statistics are published in the September 2021 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230). Enquiries on merchandise trade indices may be directed to the Trade Analysis Section (1) of the C&SD (Tel: 2582 4918).
Volume and price statistics of external merchandise trade in June 2021
********************************************************************** Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
Further to the external merchandise trade statistics in value terms for January 2021 released earlier on, the Census and Statistics Department (C&SD) released today (March 18) the volume and price statistics of external merchandise trade for that month. Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
Hong Kong – Volume and price statistics of external merchandise trade in August 2022
Further to the external merchandise trade statistics in value terms for August 2022 released earlier on, the Census and Statistics Department (C&SD) released today (October 18) the volume and price statistics of external merchandise trade for that month.
In August 2022, the volume of Hong Kong’s total exports of goods and imports of goods decreased by 20.5% and 22.1% respectively over August 2021.
Comparing the first eight months of 2022 with the same period in 2021, the volume of Hong Kong’s total exports of goods and imports of goods decreased by 10.4% and 10.2% respectively.
Comparing the three-month period ending August 2022 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods decreased by 4.6% and 4.9% respectively.
Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
Comparing August 2022 with August 2021, the prices of total exports of goods and imports of goods increased by 8.4% and 8.0% respectively.
As regards price changes in the first eight months of 2022 over the same period in 2021, the prices of total exports of goods and imports of goods increased by 9.0% and 9.2% respectively.
Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2021, the index increased by 0.3% in August 2022, whereas it decreased by 0.2% in the first eight months of 2022.
Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
Comparing August 2022 with August 2021, declines were recorded for the total export volume to the mainland of China (the Mainland) (-26.9%) and the USA (-14.0%). On the other hand, the total export volume to Taiwan (7.9%), India (15.1%) and Korea (50.4%) increased.
Over the same period of comparison, the total export prices to all main destinations increased: the Mainland (10.0%), Taiwan (9.3%), the USA (8.9%), India (4.0%) and Korea (2.7%).
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
Comparing August 2022 with August 2021, declines were recorded for the import volume from all main suppliers: Korea (-34.6%), the Mainland (-32.6%), Japan (-22.4%), Singapore (-15.9%) and Taiwan (-8.9%).
Over the same period of comparison, the import prices from all main suppliers increased: the Mainland (12.3%), Korea (7.4%), Taiwan (5.8%), Singapore (2.1%) and Japan (1.9%).
Further information
Details of the above statistics are published in the August 2022 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).
Enquiries on merchandise trade indices may be directed to the Trade Analysis Section (1) of the C&SD (Tel: 2582 4918).
Hong Kong – Volume and price statistics of external merchandise trade in September 2021
Further to the external merchandise trade statistics in value terms for September 2021 released earlier on, the Census and Statistics Department (C&SD) released today (November 11) the volume and price statistics of external merchandise trade for that month.Hong Kong – Volume and price statistics of external merchandise trade in June 2021
Further to the external merchandise trade statistics in value terms for June 2021 released earlier on, the Census and Statistics Department (C&SD) released today (August 12) the volume and price statistics of external merchandise trade for that month.
In June 2021, the volume of Hong Kong’s total exports of goods and imports of goods increased by 26.1% and 25.6% respectively over June 2020.
Comparing the first half of 2021 with the same period in 2020, the volume of Hong Kong’s total exports of goods and imports of goods increased by 26.2% and 23.3% respectively.
Comparing the second quarter of 2021 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods and imports of goods decreased by 5.5% and 1.4% respectively.
Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
Comparing June 2021 with June 2020, the prices of total exports of goods and imports of goods increased by 5.3% and 5.2% respectively.
As regards price changes in the first half of 2021 over the same period in 2020, the prices of total exports of goods and imports of goods increased by 3.0% and 2.9% respectively.
Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2020, the index increased by 0.1% in both June 2021 and the first half of 2021.
Comparing June 2021 with June 2020, double-digit increases were recorded for the total export volume to Taiwan (32.5%), the mainland of China (the Mainland) (26.2%), Japan (22.8%), the USA (21.4%) and India (17.6%).
Over the same period of comparison, the total export prices to Taiwan (8.4%), the Mainland (7.9%), India (4.8%) and Japan (0.1%) increased. On the other hand, the total export prices to the USA decreased by 0.5%.
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
Comparing June 2021 with June 2020, double-digit increases were recorded for the import volume from Korea (40.7%), Singapore (38.6%), the Mainland (27.8%), Taiwan (25.2%) and Japan (18.2%).
Over the same period of comparison, the import prices from all main suppliers increased: Taiwan (12.6%), Singapore (12.4%), Korea (11.3%), the Mainland (3.7%) and Japan (1.2%).
Further information
Details of the above statistics are published in the June 2021 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).
Enquiries on merchandise trade indices may be directed to the Trade Analysis Section (1) of the C&SD (Tel: 2582 4918).
Hong Kong – Volume and Price Statistics of External Merchandise Trade in January 2021
In January 2021, the volume of Hong Kong’s total exports of goods and imports of goods increased by 44.6% and 37.2% respectively over January 2020.
Comparing the three months ending January 2021 with the three months ending January 2020, the volume of Hong Kong’s total exports of goods and imports of goods increased by 18.7% and 17.3% respectively.
Comparing the three-month period ending January 2021 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 9.1% and 10.3% respectively.
Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
Comparing January 2021 with January 2020, the prices of total exports of goods decreased by 0.4%, while the prices of imports of goods increased by 0.5%.
Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same period in 2020, the index decreased by 1.0% in January 2021.
Comparing January 2021 with January 2020, double-digit increases were recorded for the total export volume to Taiwan (71.4%), Vietnam (67.4%), the mainland of China (the Mainland) (59.3%), the USA (20.9%) and Japan (20.3%).
Over the same period of comparison, the total export prices to Vietnam (-4.1%), Japan (-1.3%), the USA (-0.5%) and the Mainland (-0.2%) decreased. On the other hand, the total export prices to Taiwan increased by 0.8%.
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
Comparing January 2021 with January 2020, double-digit increases were recorded for the import volume from Taiwan (55.0%), the Mainland (43.5%), Japan (37.7%), Korea (33.9%) and Singapore (31.9%).
Over the same period of comparison, the import prices from Korea (5.0%), Taiwan (3.9%), Singapore (1.9%) and Japan (1.2%) increased. On the other hand, the import prices from the Mainland decreased by 2.0%.
Further information
Details of the above statistics are published in the January 2021 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/hkstat/sub/sp230.jsp?productCode=B1020006).
Enquiries on merchandise trade indices may be directed to the Trade Analysis Section (1) of the C&SD (Tel.: 2582 4918).Ads
