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Re-exports soar on fuel demand

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SCMP Reporter

SOARING demand for fuels and capital goods provided the key impetus behind April's 21 per cent year-on-year rise in re-exports.

Detailed Government statistics released yesterday show that measured in volume terms, fuel re-exports grew 56.4 per cent while capital goods were up 44.8 per cent.

However, big gains across the board - consumer goods spurted 28 per cent year-on-year - were trimmed back by a 17.3 per cent fall in the level of foodstuffs re-exported through Hongkong.

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For domestic exports, the unchanged year-on-year growth was boosted by a 0.7 per cent increase in prices.

The biggest movers among home-grown products were metal ores and scrap, up 14.5 per cent, and electronic components, up 13.4 per cent.

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Footwear also recorded one of the biggest jumps in price, with costs increasing 4.8 per cent - while in volume terms exports slumped 46.4 per cent.

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