The Census and Statistics Department (C&SD) released December 28 the external merchandise trade statistics for November 2007. In November 2007, the values of Hong Kong's total exports and imports of goods recorded year-on-year increases of 6.6% and 9.3% respectively.
In November 2007, the value of total exports of goods (comprising re-exports and domestic exports) increased by 6.6% over a year earlier to $244 billion, after a year-on-year increase of 9.8% in October 2007. Within this total, the value of re-exports increased by 6.9% to $234 billion in November 2007, while the value of domestic exports increased by 0.8% to $10 billion.
Concurrently, the value of imports of goods increased by 9.3% over a year earlier to $260 billion in November 2007, after a year-on-year increase of 12.1% in October 2007. A visible trade deficit of $16 billion, equivalent to 6.1% of the value of imports of goods, was recorded in November 2007.
For the first eleven months of 2007 as a whole, the value of total exports of goods rose by 9.3% over the same period in 2006. Within this total, the value of re-exports increased by 11.1%, whereas the value of domestic exports decreased by 20.6%. Concurrently, the value of imports of goods increased by 10.3%. A visible trade deficit of $153.2 billion, equivalent to 5.9% of the value of imports of goods, was recorded in the first eleven months of 2007.
Comparing the three-month period ending November 2007 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods rose by 1.7%. Within this total, the value of re-exports increased by 1.7%, while the value of domestic exports went up by 1.8%. Meanwhile, the value of imports of goods increased by 3.1%.
marketing@alchempro.com
