Goods export volume rises 36.1% in September

Export and import volumes increased by 29.9% and 30.1% in the first 9M.

Hong Kong's total goods export volume rose 36.1% year-on-year (YoY) in September, whilst import volume increased 30.7%, according to the Census and Statistics Department (C&SD).

For the first nine months, export and import volumes increased by 29.9% and 30.1%, respectively, compared with the same period last year.

On a seasonally adjusted basis, export volume rose 1.8% in the third quarter (Q3) from the preceding quarter. Import volume grew 1.0%.

Meanwhile, export prices climbed 20.3% YoY in September, whilst import prices rose 19.7%. For the first nine months, export and import prices grew 11.4% and 11%, respectively.

By destination, export volume to Taiwan recorded the largest increase in September at 120.5% YoY, followed by the United States at 90.1%, Vietnam at 36.8%, and mainland China at 34.7%.

However, export volume to India declined 2.4%.

Export prices increased across all major destinations, led by mainland China at 23.8%, followed by the United States at 20.3%, Taiwan at 15.3%, Vietnam at 13.6%, and India at 12.3%.

On the import side, volumes increased across all major suppliers, led by Korea at 118.2% YoY and Vietnam at 73.6%.

Imports from mainland China rose 29.7%, followed by Singapore at 25.6% and Taiwan at 18.3%.

Import prices also increased across all major suppliers, with Korea recording the largest rise at 50.8%, followed by Taiwan at 29.4%, Vietnam at 22.2%, mainland China at 19.8%, and Singapore at 16.7%.