Hong Kong exports rise by 17.7% in May

Its total import also climbed 20.1%.

The volume of total exports of goods increased by 17.7% year-on-year (YoY) in May; whilst the volume of total imports rose 20.1%, the Census and Statistics Department (C&SD) reported.

The volume of exports and imports over the first five months of the year also increased 26.2% and 22.8%, respectively.

The C&SD noted that double-digit YoY increases were recorded for the total export volume to Taiwan (25.2%), India (25.0%), and Mainland China (17.3%); whilst the total export volume to Japan decreased by 5.6%.

Likewise, double-digit increases were registered for the import volume from Taiwan (32.5%), Singapore (32%), Japan (21.6%), Mainland China (17%), and Korea (15.3%).

Moreover, the C&SD reported that the prices of total exports and imports of goods increased by 5.3% and 4.7%, respectively.

Over the first five months, prices of total exports climbed by 2.5%, whilst imports increased by 2.4%.

The total export prices to Mainland China (8.2%), Taiwan (6.4%), India (4.4%), and Japan (0.1%) increased; whilst the total export prices to the USA decreased by 0.1%.

Meanwhile, the import prices from all main suppliers increased: Korea (17.3%), Singapore (12.9%), Taiwan (10.1%), Mainland China (3.1%), and Japan (0.2%).