The Census and Statistics Department (C&SD) released today (October 25) the external merchandise trade statistics for September 2007. In September 2007, the values of Hong Kong's total exports and imports of goods recorded year-on-year increases of 8.5% and 9.3% respectively.
In September 2007, the value of total exports of goods (comprising re-exports and domestic exports) increased by 8.5% over a year earlier to $238.7 billion, after a year-on-year increase of 7.5% in August 2007. Within this total, the value of re-exports increased by 9.4% to $228.9 billion in September 2007, whereas the value of domestic exports decreased by 10.3% to $9.8 billion.
Concurrently, the value of imports of goods increased by 9.3% over a year earlier to $253.5 billion in September 2007, after a year-on-year increase of 9.0% in August 2007. A visible trade deficit of $14.8 billion, equivalent to 5.8% of the value of imports of goods, was recorded in September 2007.
For the first nine months of 2007 as a whole, the value of total exports of goods rose by 9.6% over the same period in 2006. Within this total, the value of re-exports increased by 11.7%, whereas the value of domestic exports decreased by 24.0%. Concurrently, the value of imports of goods increased by 10.3%. A visible trade deficit of $129.3 billion, equivalent to 6.2% of the value of imports of goods, was recorded in the first nine months of 2007.
Comparing the third quarter of 2007 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods rose marginally by 0.2%. Within this total, the value of re-exports increased by 0.8%, whereas the value of domestic exports went down by 11.7%. Meanwhile, the value of imports of goods increased by 0.7%.
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