The volume of Hong Kong’s total goods exports decreased 1.1% year-on-year in November 2015, while the volume of goods imports dropped 5.4%, the Census & Statistics Department announced.
Goods re-exports dipped 0.8% while that of domestic exports fell 18.5%.
Comparing the first 11 months of 2015 with the same period in 2014, the volume of goods re-exports decreased 1.8%, while that of domestic exports dropped 13.5%. Taken together, total exports fell 2%.
Concurrently, the volume of imports dropped 3.3%.
Comparing the three-month period ending November with the preceding three months on a seasonally adjusted basis, the volume of total goods exports decreased 0.4%. Within this total, re-exports dropped 0.3%, while domestic exports fell 4.8%.
The volume of goods imported by the territory decreased 0.4% in the same period.
On the other hand, comparing November 2015 with November 2014, prices of total exports decreased by 2.4%, with re-exports backtracking in price by 2.4%, and domestic exports declining by 3.1%.
Concurrently, the prices of imported goods decreased by 2.2%.
In the first 11 months of 2015, prices of total exports increased by 0.3% compared to the same period in 2014. Prices of re-exports increased by 0.4%, whereas those of domestic exports decreased by 2.9%.
On the other hand, the prices of imports of goods decreased slightly, by 0.2%.
On overseas destinations, comparing November 2015 with November 2014, total export volume to Japan and the U.S. decreased by 9.4% and 0.7%, respectively. Total shipments to China rose slightly by 0.2%, while those to Vietnam and India recorded double-digit increases of 13.1% and 17.4%, respectively.
Over the same period of comparison, total export prices to all main destinations decreased: the U.S. by 4.2%, India, 4.1%, Japan, 3.5%, China, 2.2%, and Vietnam, 1%.
Photo: Baycrest
