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

I. Mainland-HK Trade

Mainland-HK trade in January-May 2011 amounted to US$109.82 billion up by 37.0% year on year, accounting for 8.0% of Mainland’s total foreign trade value, of which, US$103.47 billion was mainland export to HK and US$6.35 billion was import from HK, up by 37.2% and 34.9% respectively.

In May, Mainland-HK trade was US$23.83 billion, down by 3.0% month on month. The Mainland’s export to HK was US$22.39 billion, down by 5.0% compared with that of the previous month; and its import from HK was US$1.44 billion, up by 30.0% compared with that of the previous month.

II. Investment from HK

In January-May, 2011, 5,058 HK-invested projects were approved by the Mainland, up by 14.6% year on year. The actual use of HK capital increased 37.14% year on year to US$28.38 billion. During May, there were 1,221 HK-invested projects approved by the Mainland, up by 14.1% from a month earlier. The actual use of HK capital was US$6.02 billion, up by 35.9% from a month earlier. By the end of May, the accumulated number of HK-invested projects approved by the Mainland was 327,449 with the actual use of US$484.59 billion. In terms of actually utilized capital, HK capital accounts for 44.1% 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 32, with the contract value of US$2.72 billion. The turnover amounted to US$0.67 billion. By the end of May, the total number of labor dispatched to HK was 23,412, and the accumulated turnover reached US$40.25 billion.

(Source: Ministry of Commerce Website)