Hong Kong Update March 2003 Issue
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Values of Exports and Imports Continue to Surge

According to the external merchandise trade figures released by the HKSAR Census and Statistics Department on February 27, the values of Hong Kong’s total exports and imports of goods continued to surge in January 2003 over a year earlier.

In January 2003, the value of total exports of goods (comprising re-exports and domestic exports) soared by 26.7% over a year earlier to HK$135 billion. Within this total, the value of re-exports leaped by 30.3% to HK$125.5 billion in January 2003, but the value of domestic exports fell by 6.8% to HK$9.6 billion.

Concurrently, the value of imports of goods rose by 21.4% over a year earlier to HK$133.2 billion in January 2003, after a year-on-year increase of 16.2% in December 2002.

A visible trade surplus of HK$1.8 billion, equivalent to 1.4% of the value of imports of goods, was recorded in January 2003, reversing the corresponding deficit of HK$3.2 billion, equivalent to 2.9% of the value of imports of goods, recorded in January 2002.

Comparing the 3-month period ending January 2003 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods rose by 4.5%. Within this total, the value of re-exports increased by 5.2%, while the value of domestic exports fell by 3.6%. The value of imports of goods also increased, by 3.5%.


 

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