Statistics on Mainland-HK Trade and Economic Cooperation in January-February 2014

I. Mainland-HK Trade

Mainland-HK trade in January-February 2014 amounted to US$ 46.92 billion, down by 21.4% year-on-year, accounting for 7.4% of China’s total trade. Of which US$ 45.27 billion was export to HK, down by 20.9% year-on-year, and US$ 1.65 billion was import from HK, down by 33.2% year-on-year. Hong Kong is the 5th largest trading partner and third largest export market of the Mainland.

In February 2014, Mainland-HK trade was US$ 19.66 billion, down by 27.9% month-on-month. Mainland export to HK was US$ 18.98 billion, and import from HK was US$ 670 million, down by 27.8% and 31.6% month-on-month respectively.

II. Investment from HK

In January-February 2014, 1,393 HK-invested projects were approved by the Mainland, down by 3.5% year-on-year. The utilized HK capital rose by 22.4% year-on-year to US$ 12.7 billion.

In February 2014, there were 533 HK-invested projects approved by the Mainland, down by 38% month-on-month. The utilized HK capital was US$ 5.21 billion, down by 30.4% month-on-month.

By the end of February 2014, the accumulated number of HK-invested projects approved by the Mainland was 362, 291 with utilized HK capital of US$ 678.37 billion. In terms of utilized capital, HK capital accounts for 47.9% of Mainland accumulated foreign capital.

III. Mainland-HK Economic Cooperation

In January-February 2014, the contracts for contracted projects reached 20, with value of US$ 1.05 billion. The turnover amounted to US$ 50 million. By the end of February, the total number of labor dispatched to HK was 49,874, and the accumulated turnover reached US$ 43.86 billion.

(Source: Ministry of Commerce Website)