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ECONOMY | Tony Chua, Hong Kong
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Hong Kong domestic exports plunge 36%

The prices of goods re-exports rose 8.2% over the same period in 2010, while those of domestic exports rose 6.8%.

The volume of Hong Kong’s total goods exports recorded a year-on-year fall of 10.9% in September, as re-exports of goods dropped 10.4% and domestic exports fell 36%, the Census & Statistics Department says.

The volume of goods imports fell 4.4% during the same period.

Comparing the first nine months this year with the same period in 2010, the volume of goods re-exports increased 4%, whereas that of domestic exports fell 17.3%. Taken together, the volume of total goods exports increased 3.5% while the volume of goods imports rose 5.7%.

Comparing the third quarter this year with the preceding quarter on a seasonally adjusted basis, the volume of total goods exports dropped 1.1%. Within this total, the volume of re-exports fell 0.8%, while that of domestic exports fell 20.2%. The volume of goods imports decreased 0.1%.

Comparing September with the same month last year, the prices of goods re-exports rose 8.1%, while that of domestic exports increased 7.8%. Taken together, the prices of total goods exports rose 8.1%. At the same time, the prices of goods imports rose 8%, according to a Census & Statistics Department report.

In the first nine months of this year, the prices of goods re-exports rose 8.2% over the same period in 2010, while those of domestic exports rose 6.8%. Taken together, the prices of total goods exports increased 8.2%, while the prices of goods imports rose 8.4%.

Compared with the same period in 2010, August’s trade index increased marginally by 0.1%, whereas it fell slightly, by 0.2%, in the first nine months of the year.

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