Exports to Asia Grow by 3.3%
The Census and Statistics Department (C&SD) released April 24 the external merchandise trade statistics for March 2008. In March 2008, the values of Hong Kong's total exports and imports of goods recorded year-on-year increases of 7.6% and 6.6% respectively. In March 2008, the value of total exports of goods…
Egytex News Desk
Egytex
Apart from destinations in Asia, significant increases were also registered in the values of total exports to some major destinations in other regions, in particular Germany (+25.9%), the United Kingdom (+17.7%) and the USA (+10.5%).
Concurrently, decreases were registered in the values of total exports to some major destinations, in particular Japan (-10.2%).
Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular India (+33.2%), Thailand (+20.8%), Japan (+6.0%), Korea (+5.8%) and the mainland of China (the Mainland) (+5.8%).
For the first quarter of 2008 as a whole, distinct year-on-year increases were registered in the values of total exports to most major destinations, in particular India (+112.2%), Singapore (+20.7%), Germany (+17.5%), the Mainland (+11.1%) and the Netherlands (+8.8%).
Over the same period of comparison, significant year-on-year increases were registered in the values of imports from all major suppliers, in particular India (+50.6%), Thailand (+27.8%), Malaysia (+16.1%), the Philippines (+15.0%) and the Mainland (+10.2%).
Analysis by major commodity:
Comparing March 2008 with March 2007, significant increases were registered in the values of total exports of many principal commodity divisions, in particular "clothing" (by $2.4 billion or 21.6%).
Source: Census and Statistics Department
From the Egytex news archive, first published on 29 April 2008. Figures and names are as reported at the time.
