Thanks to an increase in both re-exports and domestic exports.
Hong Kong’s total exports of goods rose 4.4% in October as re-exports and domestic exports both grew 4.4% YoY and 1.7% YoY respectively, according to latest volume and price statistics of external merchandise trade released by the Census and Statistics Department.
Total import volume also rose 5.6% YoY in October.
The price of total good exports increased 2.2% YoY in October as rates for re-exports and domestic exports grew 2.2% and 1.5% respectively.
In terms of export partners, total export volume to India increased considerably by 38% whilst total export volume to Japan, Taiwan and the mainland of China also increased by 11.4%, 5.4% and 3.2% respectively. On the other hand, the total export volume to the USA decreased by 2.1%.
In the first ten months of the year, the volume of Hong Kong’s total goods exports increased by 6.5% as re-exports rose 6.6% whilst domestic exports dipped 0.4%.
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