JAN EXPORTS VALUE UP 18.4%

24-2-2022

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The value of Hong Kong’s total goods exports increased to $459.5 billion in January, up 18.4% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods rose 9.6% to $452.9 billion for the same period.

A trade surplus of $6.6 billion, or 1.5% of the value of imports, was recorded for the month.

Comparing the three-month period ending January with the preceding three months on a seasonally adjusted basis, the value of total exports increased 9.9%, while that of imports rose 7.6%.

The Government said the value of merchandise exports grew further by 18.4% in January over a year earlier. Exports to the Mainland, the US, the EU and other major Asian markets all expanded visibly.

This figure may be distorted by the different timing of the Lunar New Year compared to last year, and a clearer picture of the underlying situation can be ascertained by analysing the trade figures for January and February combined when available.

Looking ahead, the continued revival of external demand should render support to Hong Kong’s export performance.

However, the evolving pandemic and the resulted global supply chain and transportation disruptions remain major concerns.

Geopolitical tensions in Europe, the development of China-US relations, as well as the monetary and fiscal policies in major economies also warrant attention, the Government added.




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