Hong Kong's July 2024 Merchandise Trade Shows Significant Volume Increases in Exports and Imports

Volume and price statistics of external merchandise trade in July 2024

Further to the external merchandise trade statistics in value terms for July 2024 released earlier on, the Census and Statistics Department (C&SD) released today (September 16) the volume and price statistics of external merchandise trade for that month.

In July 2024, the volume of Hong Kong's total exports of goods and imports of goods increased by 8.7% and 6.5% respectively over July 2023.

Comparing the first seven months of 2024 with the same period in 2023, the volume of Hong Kong's total exports of goods and imports of goods increased by 7.8% and 4.1% respectively.

Comparing the three-month period ending July 2024 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 0.6% and 2.0% respectively.

Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.

Comparing July 2024 with July 2023, the prices of total exports of goods and imports of goods increased by 3.9% and 2.8% respectively.

As regards price changes in the first seven months of 2024 over the same period in 2023, the prices of total exports of goods and imports of goods increased by 4.1% and 3.7% respectively.

Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.

The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2023, the index increased by 1.0% in July 2024 and 0.4% in the first seven months of 2024.

Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.

Comparing July 2024 with July 2023, increases were recorded for the total export volume to Vietnam (20.4%), the mainland of China (the Mainland) (16.7%) and the USA (12.2%). On the other hand, the total export volume to Taiwan (-8.0%) and India (-27.6%) decreased.

Over the same period of comparison, the total export prices to the USA (6.0%), the Mainland (5.3%), Taiwan (3.2%) and Vietnam (1.5%) increased. On the other hand, the total export prices to India decreased by 1.4%.

Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.

Comparing July 2024 with July 2023, increases were recorded for the import volume from Korea (27.3%), Taiwan (17.3%) and the Mainland (8.6%). On the other hand, the import volume from Singapore (-2.8%) and Japan (-5.7%) decreased.

Over the same period of comparison, the import prices from all main suppliers increased: Singapore (5.2%), Korea (5.2%), the Mainland (3.0%), Taiwan (1.5%) and Japan (0.6%).

Further information

Details of the above statistics are published in the July 2024 issue of "Hong Kong Merchandise Trade Index Numbers". Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).

Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).

Source: AI-generated images

HAD opens temporary heat shelters

The Home Affairs Department will continue to open 19 community halls/community centres as temporary heat shelters today (September 18).

The temporary heat shelters will remain open for people to take refuge from the heat when the Very Hot Weather Warning is in force. From 10.30pm to 8am the next day, the temporary heat shelters will also provide bedding and a sleeping place for people in need. The shelters are manned by duty attendants.

For further information, please call the department's hotline before midnight on 2572 8427.

The heat shelters are located at:

Hong Kong Island:

---------------------

Central and Western -

Sai Ying Pun Community Complex Community Hall

3/F, Sai Ying Pun Community Complex

2 High Street, Sai Ying Pun

Eastern -

Causeway Bay Community Centre

3/F, 7 Fook Yum Road, Causeway Bay

Southern -

Lei Tung Community Hall

Lei Tung Estate, Ap Lei Chau

Wan Chai -

Wan Chai Activities Centre

LG/F, Wan Chai Market, 258 Queen's Road East, Wan Chai

Kowloon Districts:

------------------

Kowloon City -

Hung Hom Community Hall

1/F, Kowloon City Government Offices

42 Bailey Street, Hung Hom

Kwun Tong -

Lam Tin (West) Estate Community Centre

71 Kai Tin Road, Lam Tin

Sham Shui Po -

Shek Kip Mei Community Hall

G/F, Block 42, Shek Kip Mei Estate, Sham Shui Po

Wong Tai Sin -

Tsz Wan Shan (South) Estate Community Centre

45 Wan Wah Street, Tsz Wan Shan

Yau Tsim Mong -

Henry G Leong Yaumatei Community Centre

60 Public Square Street, Yau Ma Tei

New Territories Districts:

--------------------------

Islands -

Tung Chung Community Hall

G/F, Tung Chung Municipal Services Building, 39 Man Tung Road, Tung Chung

Kwai Tsing -

Kwai Shing Community Hall

Podium, Block 6, Kwai Shing West Estate, Kwai Chung

North -

Cheung Wah Community Hall

Cheung Wah Estate, Fanling

Sai Kung -

Hang Hau Community Hall

G/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Hang Hau, Tseung Kwan O

Sha Tin -

Lung Hang Estate Community Centre

Lung Hang Estate, Sha Tin

Tai Po -

Tai Po Community Centre

2 Heung Sze Wui Street, Tai Po

Tsuen Wan -

Lei Muk Shue Community Hall

G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan

Tuen Mun -

Butterfly Bay Community Centre

Butterfly Estate (near Tip Sum House), Tuen Mun

Yuen Long -

Long Ping Community Hall

Long Ping Estate, Yuen Long

Yuen Long -

Tin Yiu Community Centre

Tin Yiu Estate, Tin Shui Wai

In addition to the above heat shelters, a number of community halls/community centres can also be used for taking refuge from the heat during their operating hours. For their address details, please browse the following document: www.had.gov.hk/file_manager/en/documents/public_services/emergency_services/List_CH_CC_Day_E.pdf.