HK exports up 4.9% in 2024

Imports also went up by 2.6%.

Total exports in Hong Kong went up 4.9% in 2024 whilst imports saw an uptick of 2.6%, according to government data.

In December 2024, the volume of Hong Kong's total exports of goods increased by 2.3%, whilst the volume of imports of goods decreased by 3.6% over December 2023.

g's total exports of goods and imports of goods increased by 4.9% and 2.6% respectively.

Comparing the fourth quarter of 2024 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods remained virtually unchanged, whilst the volume of imports of goods decreased by 0.8%.
 

Meanwhile, prices of total exports of goods and imports of goods in December 2024 increased by 2.7% and 2.3% respectively compared to 2023 numbers.

As regards price changes in 2024 over 2023, the prices of total exports of goods and imports of goods increased by 3.6% and 3.2% respectively.

The terms of the trade index are derived from the ratio ofthe price index of total exports of goods to that of imports of goods. Compared with the same periods in 2023, the index increased by 0.4% in both December 2024 and 2024 as a whole.

Meanwhile, comparing December 2024 with December 2023, increases were recorded for the total export volume to Vietnam (47.9%), the mainland of China (the Mainland) (11.2%) and Taiwan (1.2%). On the other hand, the total export volume to the USA (-18.2%) and India (-31.7%) decreased.

Over the same period of comparison, the total export prices to the USA (3.4%), the Mainland (3.3%), Vietnam (2.5%) and Taiwan (2.3%) increased. On the other hand, the total export prices to India decreased by 3.8%.