Containers are stacked up at the port in Hong Kong before being loaded onto cargo ships on October 5, 2019. The total goods export volume of Hong Kong decreased by 39.7 percent in January from the same period a year ago, according to data from the Census and Statistics Department on March 20, 2023. The total goods export volume in Hong Kong fell by 39.7 percent in January from the same period last year, according to the Census and Statistics Department on Monday.
The volume of goods imported decreased by 33.6 percent during the same period. Total goods exports and imports went up by 5.4 percent and 5.9 percent.
In the three months ending January 2023, the volume of city goods exports dropped 32.9 percent, while the volume of goods imports decreased by 28 percent.
The volume of total exports of goods decreased by 13.8 percent compared to the previous three months ending in October, while imports fell by 9.1 percent.
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The trade index, which measures the ratio of total exports of goods to imports of goods, decreased by 0.5 percent in January.
In terms of export performance by main destinations, the total export volume to the Chinese mainland fell by 47.1 percent year-in-year. China - 45.8 percent of the United States - 32.3 percent and India -- 31.1 percent Regarding import volume by major suppliers, declines were seen from mainland Korea -- 35.2 percent Japan -- 30.4 percent Singapore -- 23.7 percent and Taiwan region 21.2 percent READ MORE: Hong Kong's Jan exports value down 36.7%
Total export prices went up over the board, including 6.1 percent for the mainland, 5.3 percent for the US, 4.7 percent for India, 3.9 percent for the Netherlands and 0.9 percent for the Taiwan region.
Import prices also went up from the mainland 9.5 percent of Taiwan region 5.1 percent and from Singapore and Japan 1.5 percent. Import prices from South Korea decreased by 2.8 percent.