Volume of re-exports rise 8pc in March

PUBLISHED : Monday, 14 May, 2007, 12:00am
UPDATED : Monday, 14 May, 2007, 12:00am

Updated at 7.21pm:
Hong Kong's re-exports rose 8 per cent by volume in March compared with a year earlier, Census and Statistics Department figures released on Monday showed.

But domestic exports - goods which originated in Hong Kong and were shipped overseas - fell 27.9 per cent during the period, the figures showed.

Overall, the volume of exports rose 8 per cent year on year in March.

Increases in the total export volume were recorded in goods sent to the mainland and Japan, by 16.1 per cent and 0.9 per cent, respectively.

But exports to the United Kingdom, United States and Germany fell by between 8.6 per cent and 12.1 per cent in volume.

Concurrently, import volumes increased 12 per cent year on year, department figures showed.

The volume of imported goods from Singapore grew 29.7 per cent. Double-digit growth was also recorded for imports from the US (+17.2 per cent) and Japan (+11.6 per cent). Imports from the mainland and Taiwan also rose 8.7 per cent and 5.2 per cent, respectively.

The figures also showed prices of total exports rose 2.7 per cent in March. Domestic export prices increased 0.4 per cent and re-export prices climbed 2.8 per cent. Import prices also grew 2.5 per cent.

Re-exports are goods which are exported to Hong Kong, mainly from China, where they have value added to them and are then re-exported. Examples include textiles, clothing and furniture.