, Singapore

Volume of total exports down 32.3% YoY in December 2022

Imports of goods went down by 26.7% over 2021.

The volume of total exports and imports declined by 32.3% and 26.7% in December 2022 compared to the same period last year, Census and Statistics Department (CS&D) said.

Comparing 2022 with 2021, the volume of total exports and imports went down 14.8% and 13.9%, respectively.

Comparing December 2022 with December 2021, the prices of total exports of goods and imports of goods increased by 5.5% and 5.0%, respectively.

Comparing price adjustments in 2022 from 2021, prices of total exports and imports grew by 7.8% and 8.1%, respectively.

“Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data,” said CS&D.

Declines for import volume were reported from all suppliers: Korea (-43.8%), the Mainland (-33.8%), Japan (-18.3%), Taiwan (-15.0%) and Singapore (-11.4%).

Import prices from the Mainland (8.4%), Taiwan (1.9%), Japan (1.5%) and Korea (0.1%) went up. Import prices from Singapore, meanwhile, decreased by 0.4%.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Braillic’s AR tech helps brain surgeons see through the walls
The medical software provider plans to expand its use to spinal and orthopaedic procedures.
Healthcare
Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.