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HK's Total Exports, Imports Fall over 20% in March

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Hong Kong's volume of total goods exports fell 20.1 percent, while the volume of goods imports fell 21.4 percent in March over the same period last year, the Census and Statistics Department of Hong Kong government announced on Tuesday.

Hong Kong's volume of goods re-exports in March decreased 19.5 percent over March last year, while that of domestic exports dropped 39.8 percent.

The volume of goods re-exports fell significantly in the first quarter, down 21.4 percent over the same period last year, while domestic exports dropped 43.3 percent. The volume of total goods exports fell 22.2 percent in the first quarter over the same period as the fall in the volume of goods imports.

Prices of goods re-exports rose 1.9 percent in March when compared with same period last year, while those of domestic exports rose 1.4 percent. The prices of total goods exports rose 1.9 percent while the prices of goods imports were virtually unchanged.

Prices of both goods re-exports and domestic exports rose 2.5 percent in the first quarter when compared with same period last year. Prices of total goods exports also rose 2.5 percent, while goods imports prices rose 1 percent.

(Xinhua News Agency May 13, 2009)

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