According to Hong Kong Census and Statistics Department (C&SD) report, the external merchandise trade remains strong in Q3 2017.
The value of imports of goods increased by 8.8% to USD 403,737 million, over the same period in 2016. Value of total exports of goods rose by 8.5% to USD 360,442 million. Within this total, the value of re-exports increased by 8.6% to USD 356,311 million, while the value of domestic exports increased by 1.4% (HKD 4,130 million). A visible trade deficit of USD 43.3 billion, equivalent to 10.7% of the value of imports of goods.
For the first nine months of 2017, year-on-year increases were registered in the values of imports from most major suppliers, in particular Korea (+32.3%), the Philippines (+30.3%), India (+19.8%), Malaysia (+14.3%), Singapore (+14.0%) and Taiwan (+11.6%). The value of imports from the Mainland also increased by 6.0%.
Over the same period of comparison, year-on-year increases were registered in the values of total exports to most major destinations, in particular India (+34.9%), Taiwan (+29.2%), the Netherlands (+15.9%), Vietnam (+11.4%), the Mainland (+9.3%) and Japan (+8.9%).
Regarding the most principal commodity divisions, "electrical machinery, apparatus and appliances, and electrical parts thereof" (by USD 19.42 billion or 15.3%), "office machines and automatic data processing machines" (by USD 2.63 billion or 8.9%) and "miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares)" (by USD 2.46 or 11.5%).
Last but not the least, Import from UAE in Q3 2017 reached USD 2,996 million (0.7% increase compared with 2016).
Source:
Hong Kong Census and Statistic Department
https://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=4100