Volume of exported and imported goods rise to double-digits in 9M2021

The volume increased by 22.3% and 21.5%, respectively.

The volume of Hong Kong’s total exported and imported goods rose to double digits in the first nine months of 2021 (9M2021), increasing by 22.3% and 21.5%, respectively.

Comparing it to the previous month, the number recorded in September 2021 was 9.3% higher for goods export, and 15% up for imports.

Exports, however, decreased in comparison with the preceding quarter on a seasonally adjusted basis by 0.7%. Imports, on the other hand, still recorded an increase of 6%.

The highest increase of export volume in 9M2021 was to Taiwan (38.6%), followed by India (23.1%), the USA (13.1%), and Japan (12%). 

While export volume to the Mainland only increased by 1.3%, import volume from the area was the highest for 9M2021 at 20.2%. Increases in imports were also seen in Korea (19.7%), Singapore (11.7%), Japan (10.9%), and Taiwan (5.6%).

Census and Statistics Department said changes in the external merchandise trade volume were derived from changes in external merchandise trade value “with the effect of price changes discounted.”

Price of total exports and imports likewise climbed in the first nine months of 2021 by 4.1% and 4.2% respectively