Statistics of Mainland-HK Trade and Economic Cooperation in January-October 2011

I. Mainland-HK Trade

Mainland-HK trade in January-October 2011 amounted to US$228.33 billion, up by 26.6% year on year, accounting for 7.7% of Mainland’s total foreign trade value, of which, US$215.37 billion was mainland export to HK and US$12.96 billion was import from HK, up by 26.3% and 33.1% respectively. In October, Mainland-HK trade was US$21.86 billion, down by 7.5% month on month. The Mainland’s export to HK was US$20.55 billion, down by 7.5% compared with that of the previous month; and its import from HK was US$1.31 billion, down by 6.4% compared with that of the previous month.

II. Investment from HK

In January-October, 2011, 11,194 HK-invested projects were approved by the Mainland, up by 12.6% year on year. The actual use of HK capital increased 24.3% year on year to US$56.82 billion. During October, there were 1,018 HK-invested projects approved by the Mainland, down by 18.6% from a month earlier. The actual use of HK capital was US$4.98 billion, down by 10.9% from a month earlier.

By the end of October, the accumulated number of HK-invested projects approved by the Mainland was 333,585 with the actual use of US$513.04 billion. In terms of actually utilized capital, HK capital accounts for 44.8% of Mainland accumulated foreign capital.

III. Mainland-HK Economic Cooperation

During January to October, the number of contracts for contracted projects and labor service cooperation reached 52, with the contract value of US$2.88 billion. The turnover amounted to US$1.50 billion. By the end of October, the total number of labor dispatched to HK was 23,742, and the accumulated turnover reached US$41.08 billion.

(Source: Ministry of Commerce Website)