In October, the overall export volume and import volume of goods in Hong Kong increased by 0.3% and 1.5% compared to the same period last year.

On December 16, the Census and Statistics Department of the Hong Kong Special Administrative Region Government released the 2024 October statistics on the volume and prices of external merchandise trade. Compared with October 2023, the overall export volume and import volume of goods in Hong Kong increased by 0.3% and 1.5% respectively in October 2024. When comparing the first ten months of 2024 with the same period in 2023, the overall export volume and import volume of goods in Hong Kong increased by 5.8% and 3.3% respectively. Seasonally adjusted figures show that for the three months ending in October 2024 compared with the previous three months, the overall export volume of goods and import volume decreased by 4.5% and 0.5% respectively. Compared with October 2023, the overall export prices and import prices of goods increased by 3.4% and 3.0% in October 2024. When comparing the first ten months of 2024 with the same period in 2023, the overall export prices and import prices of goods increased by 3.8% and 3.3% respectively. The trade price ratio index is calculated based on the ratio of the overall export price index to the overall import price index. Compared with the same period in 2023, this index increased by 0.4% in October 2024, and by 0.5% in the first ten months of 2024. Compared with October 2023, the overall export volume to Vietnam (29.9%), Mainland China (4.4%), and the United States (1.0%) recorded an increase. On the other hand, the overall export volume to Taiwan (-3.4%) and India (-34.0%) decreased. At the same time, the overall export prices to the United States (4.4%), Mainland China (4.3%), Taiwan (3.6%), and Vietnam (1.7%) increased. On the other hand, the overall export prices to India decreased by 1.0%. Compared with October 2023, the import volume from Taiwan (11.4%), Singapore (10.5%), Japan (6.3%), and Mainland China (0.7%) recorded an increase in October 2024. On the other hand, the import volume from South Korea decreased by 13.1%. Meanwhile, the import prices from all major supplying countries increased: South Korea (6.8%), Singapore (5.9%), Taiwan (5.1%), Mainland China (2.1%), and Japan (1.0%).