Hong Kong's goods export volume up 19.2%

Prices of total goods exports increased 4.1%, while prices of goods imports rose 6.8%.

The volume of total goods exports recorded a year-on-year increase of 19.2% in May.

The Census & Statistics Department said on Tuesday the volume of Hong Kong's goods re-exports rose 19.3% over a year earlier, while that of domestic exports rose 14.5%. Concurrently, the volume of goods imports increased 22.7%, according to an Information Services Department report.

The prices of goods re-exports during the month rose 4% over a year earlier, while those of domestic exports increased 6%. Taken together, the prices of total goods exports increased 4.1%. Concurrently, the prices of goods imports rose 6.8%.

Comparing the first five months of this year with the same period in 2009, the volume of goods re-exports grew 21.1%, while that of domestic exports increased 16.4%. Taken together, the volume of total goods exports increased 21%. The volume of goods imports rose 27.2%.

During the first five months, the prices of goods re-exports increased 3.3% over a year earlier, while those of domestic exports increased 4.3% - thus the prices of total goods exports went up 3.4%. The prices of goods imports increased 4.8%.

Comparing the three-month period ending May with the preceding three months on a seasonally adjusted basis, the volume of total goods exports increased 5.2%. Within this total, the volume of re-exports increased 5.4%, whereas that of domestic exports fell 0.9%. The volume of goods imports rose 2.1%.