In July, Hong Kong's overall export volume and import volume increased by 8.7% and 6.5% year on year, respectively.

16/09/2024

Following the earlier release of the July 2024 external merchandise trade value statistics, the Hong Kong government Census and Statistics Department today published the external merchandise trade volume and price statistics for that month.

Following the earlier publication of the value of goods traded with foreign countries in July 2024, the Hong Kong government's Census and Statistics Department today released the volume and price statistics of goods traded with foreign countries for that month. Compared to July 2023, Hong Kong's overall export volume and import volume increased by 8.7% and 6.5% respectively in July 2024. Compared to the same period in 2023, Hong Kong's overall export volume and import volume for the first seven months of 2024 increased by 7.8% and 4.1% respectively. Seasonally adjusted figures show that for the three months up to July 2024 compared to the previous three months, overall export volume and import volume of goods increased by 0.6% and 2.0% respectively. Compared to July 2023, the overall export prices and import prices of goods increased by 3.9% and 2.8% respectively in July 2024. Compared to the same period in 2023, the overall export prices and import prices of goods increased by 4.1% and 3.7% respectively for the first seven months of 2024. The Trade Price Ratio Index is calculated based on the ratio of the overall export price index to the overall import price index. Compared to the same period in 2023, this index increased by 1.0% in July 2024, and by 0.4% for the first seven months of 2024. Compared to July 2023, the overall export volume to Vietnam (20.4%), Mainland China (16.7%) and the US (12.2%) recorded increases, while the export volume to Taiwan (-8.0%) and India (-27.6%) decreased. At the same time, the overall export prices to the US (6.0%), Mainland China (5.3%), Taiwan (3.2%) and Vietnam (1.5%) increased, while export prices to India decreased by 1.4%. Compared to July 2023, the import volume from South Korea (27.3%), Taiwan (17.3%) and Mainland China (8.6%) recorded increases, while the import volume from Singapore (-2.8%) and Japan (-5.7%) decreased. Meanwhile, import prices from all major suppliers increased: Singapore (5.2%), South Korea (5.2%), Mainland China (3.0%), Taiwan (1.5%) and Japan (0.6%).

Japanese Senate election speculation: The yen and Japanese bonds are like a startled bird, how will the market react?

Survey: Most respondents expect that Powell will retire before his term ends, which could either lead to him stepping down early or causing a huge shockwave.

After visiting Japan, a message of optimism is released. Bert Beisent: The United States and Japan can reach a good trade agreement.

Japanese Senate election speculation: The yen and Japanese bonds are like a startled bird, how will the market react?

Survey: Most respondents expect that Powell will retire before his term ends, which could either lead to him stepping down early or causing a huge shockwave.

After visiting Japan, a message of optimism is released. Bert Beisent: The United States and Japan can reach a good trade agreement.