Hong Kong exports rose 32% in the first quarter

Import volumes also increased 24.4% during the first three months of the year.

The volume of Hong Kong’s total exports of goods increased 32%, whilst imports of goods were up 24.4% in the first quarter of the year, the Census and Statistics Department reported.

In March, volume of total exports and imports of goods rose 23.4% and by 19.8%, respectively.

Double-digit increases were recorded for the total export volume to Taiwan (41%), India (36.8%), and the mainland China (26.7%). Export volume to the US also increased 9.9%, but decreased 17.2% in Japan.

Meanwhile, import volume from Singapore (40.7%), Taiwan (25.1%), the Mainland (21.4%), Japan (12.7%), Korea (10.8%).

The prices of total exports also increased by 1% during the quarter, whereas prices of imports were up 1.1%. In March alone prices of total exports and imports climbed 2.4% and 1.8%, respectively.

Over the same period of comparison, the export prices increased in Taiwan (6.5%), India (3.8%), the Mainland (3.7%) and Japan (2.4%); and decreased 0.1% in US.

Import prices increased in Korea (9.9%), Taiwan (7.2%), Singapore (3.0%) and Japan (0.1%) increased, and decreased 0.7% in Mainland.