Export and import volumes drop double digits in November 2022

Prices, on the other hand, increased for both exports and imports.

The volume of total exports and imports of goods declined by 26.9% YoY and 24.4% YoY, respectively, in November 2022, data from the Census and Statistics Department (C&SD) showed.

In terms of markets, the Mainland (-32.5%), the USA (-32.0%), Vietnam (-24.1%) and Taiwan (-19.3%) recorded declines in export volume.

Exports to India, on the other hand, increased by 7.2%.

Import volume from Hong Kong's main suppliers, namely, the Mainland (-34.2%), Singapore (-31.6%), Japan (-20.3%), Taiwan (-14.2%) and Korea (-9.6%) also decreased in November 2022.

Whilst volumes dropped in November, the prices of total exports of goods and imports of goods increased by 4.2% and 5.5%, respectively.

Export prices rose 8.0% in the USA, 4.1% in Taiwan, and 3.7% in the Mainland. 2.4% in Vietnam, and 1.7% in India.

Import prices from the Mainland (9.5%), Singapore (2.2%), Taiwan (1.4%) and Japan (1.1%) likewise increased.

Also Read

Consumer prices inch up by 1.4% YoY in October

HK urged to deepen financial reform and innovation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit