In October 2006, the values of Hong Kong's total exports and imports of goods both showed year-on-year increases. The Census and Statistics Department (C&SD) released on November 27, the external merchandise trade statistics for October 2006.
In October 2006, the value of total exports of goods (comprising re-exports and domestic exports) increased by 7.9 percent over a year earlier to $230.4 billion, after a year-on-year increase of 4.7 percent in September.
Within this total, the value of re-exports increased by 10.7 percent to $218.9 billion in October, while the value of domestic exports decreased by 27.0 percent to $11.5 billion.
Concurrently, the value of imports of goods increased by 11.2 percent over a year earlier to $233.5 billion in October 2006, after a year-on-year increase of 8.2 percent in September. A visible trade deficit of $3.1 billion, equivalent to 1.3 percent of the value of imports of goods, was recorded in October 2006.
For the first ten months of 2006 as a whole, the value of total exports of goods rose by 8.4 percent over the same period in 2005.
Within this total, the value of re-exports increased by 8.4 percent, while the value of domestic exports increased by 7.5 percent. Concurrently, the value of imports of goods increased by 10.8 percent. A visible trade deficit of $109.4 billion, equivalent to 5.1 percent of the value of imports of goods, was recorded in the first ten months of 2006.
Comparing the three-month period ending October 2006 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods rose by 5.9 percent.
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