Statistics of First 3 Months of 2012 on Mainland-HK Trade and Economic Cooperation

I. Mainland-HK Trade

Mainland-HK trade in January-March 2012 amounted to US$64.23 billion, up by 4.6% year on year, accounting for 7.5% of Mainland’s total foreign trade value, of which, US$60.65 billion was Mainland’s export to HK and US$3.58 billion was import from HK, up by 5.3% and down by 5.9% respectively. In March, Mainland-HK trade was US$26.59 billion, up by 37.1% month on month. The Mainland’s export to HK was US$25.07 billion, up by 35.5% compared with that of the previous month; and import from HK was US$1.52 billion, up by 68.9% compared with that of the previous month.

II. Investment from HK

In January-March, 2012, 2,460 HK-invested projects were approved by the Mainland, down by 11.1% year on year. The actual use of HK capital decreased 3.6% year on year to US$17.28 billion. During March, there were 1,101 HK-invested projects approved by the Mainland, up by 54.0% from a month earlier. The actual use of HK capital was US$7.06 billion, up by 51.2% from a month earlier. By the end of March, the accumulated number of HK-invested projects approved by the Mainland was 338,740 with the actual use of US$544 billion. In terms of actually utilized capital, HK capital accounts for 45.5% of Mainland accumulated foreign capital.

III. Mainland-HK Economic Cooperation

During January to March, the number of contracts for contracted projects and labor service cooperation reached 11, with the contract value of US$0.58 billion. The turnover amounted to US$0.56 billion. By the end of March, the total number of labor dispatched to HK was 23,787, and the accumulated turnover reached US$42.11 billion.

(Source: Ministry of Commerce Website)