Statistics of First 5 Months of 2012 on Mainland-HK Trade and Economic Cooperation

I. Mainland-HK Trade

Mainland-HK trade in January-May 2012 amounted to US$118.45 billion, up by 7.8% year on year, of which, US$111.73 billion was Mainland’s export to HK and US$6.72 billion was import from HK, up by 8.0% and down by 5.8% respectively. In May, Mainland-HK trade was US$27.71 billion, up by 4.5% month on month. The Mainland’s export to HK was US$25.96 billion, up by 3.3% compared with that of the previous month; and import from HK was US$1.74 billion, up by 24.3% compared with that of the previous month.

II. Investment from HK

In January-May, 2012, 4,338 HK-invested projects were approved by the Mainland, down by 14.23% year on year. The actual use of HK capital decreased 4.7% year on year to US$27.06 billion. During May, there were 1,105 HK-invested projects approved by the Mainland, up by 42.9% from a month earlier. The actual use of HK capital was US$5.4 billion, up by 23.3% from a month earlier.

By the end of May, the accumulated number of HK-invested projects approved by the Mainland was 340,618 with the actual use of US$553.77 billion. In terms of actually utilized capital, HK capital accounts for 45.6% of Mainland accumulated foreign capital.

III. Mainland-HK Economic Cooperation

During January to May, the number of contracts for contracted projects and labor service cooperation reached 29, with the contract value of US$1.82 billion. The turnover amounted to US$0.86 billion. By the end of May, the total number of labor dispatched to HK was 23,871, and the accumulated turnover reached US$42.41 billion.

(Source: Ministry of Commerce Website)