Hong Kong exports rose 1.9% in September

Export volume to India climbed 8.3%.

Hong Kong’s total volume of exports inched up 1.9% YoY in September, the Census and Statistics Department (C&SD) revealed. Imports volume also grew 2.1%.

The data also showed that the prices of Hong Kong’s total exports increased 2.7% whilst prices of imports grew 2.9%. Prices for exports and imports also grew by 2.5% and 2.6%, respectively, in September YTD.

According to the C&SD, the highest total export volume growth was recorded for exports bound for India which increased 8.3%. This was followed by the export volumes to US (3.3%), Mainland China (2.8%), and Vietnam (2.4%). Meanwhile, total export volume to Japan crashed 14.7%.

Meanwhile, export prices to the Mainland led the increase by 3.9%, followed by Japan (2.5%), US (2.4%), and Vietnam (1.1%) whilst export prices to India dipped 1.9%.

The agency also revealed that import volumes from Singapore jumped 15.4% YoY in September whilst import volume from Korea inched up 1.4%. Those coming from Japan, the Mainland, and Taiwan dipped by 0.1%, 0.7%, and 4.8%, respectively.

The data showed that import prices from major suppliers grew led by Korea (8.2%), followed by the Mainland (3.6%), Singapore (3.3%), Japan (2.7%), and Taiwan (0.7%).