Hong Kong's total goods re-exports volume down 1.7%

Comparing the first two months of 2014 with the same period in 2013, the volume of Hong Kong's re- exports of goods decreased by 1.7 percent, whereas that of domestic exports increased by 0.9 percent, the city's Census and Statistics Department announced Tuesday. Taken together, the volume of total exports of goods decreased by 1.7 percent. On the other hand, the volume of imports of goods increased slightly, by 0.2 percent. As the trade flows in January and February of each year tend to show considerable volatilities due to differences in timing of the Chinese New Year holidays, it is useful to analyze the trade figures for these two months taken together, the department said. In February 2014, the volume of Hong Kong's re-exports of goods decreased by 2.3 percent over February 2013, whereas that of domestic exports increased by 5.8 percent. Taken together, the volume of total exports of goods decreased by 2.2 percent. On the other hand, the volume of imports of goods increased by 5.3 percent. Comparing the three-month period ending February 2014 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods decreased by 2.5 percent. Within this total, the volume of re-exports decreased by 2.7 percent, whereas that of domestic exports increased by 9.2 percent. Concurrently, the volume of imports of goods decreased by 1.1 percent.