Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



Volume and price statistics of external merchandise trade in April 2020

 



For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

Daniel McAtee in Washington, D.C.: (202) 238 6360




June 18, 2020 - Further to the external merchandise trade statistics in value terms for April 2020 released earlier on, the Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the volume and price statistics of external merchandise trade for that month.

In April 2020, the volume of Hong Kong’s total exports of goods and imports of goods decreased by 2.7% and 5.3% respectively over April 2019.

Comparing the first four months of 2020 with the same period in 2019, the volume of Hong Kong’s total exports of goods and imports of goods decreased by 7.4% and 8.5% respectively.

Comparing the three-month period ending April 2020 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods decreased by 0.3% and 3.8% 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 April 2020 with April 2019, the prices of total exports of goods and imports of goods decreased by 1.3% and 1.4% respectively.

As regards price changes in the first four months of 2020 over the same period in 2019, the prices of total exports of goods and imports of goods decreased by 0.8% and 0.6% 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 2019, the index increased by 0.1% in April 2020, whereas it decreased by 0.2% in the first four months of 2020.

Comparing April 2020 with April 2019, a double-digit decline of 22.7% was recorded for the total export volume to the USA. On the other hand, the total export volume to the mainland of China (the Mainland) (9.6%), the Netherlands (11.9%), Japan (15.1%) and Taiwan (22.1%) increased.

Over the same period of comparison, the total export prices to all main destinations decreased: Japan (-3.6%), the USA (-1.4%), the Netherlands (-1.2%), Taiwan (-0.7%) and the Mainland (-0.2%).

Comparing April 2020 with April 2019, double-digit declines were recorded for the import volume from Japan (-11.7%) and the Mainland (-10.4%). On the other hand, the import volume from Singapore (19.7%), Korea (20.2%) and Taiwan (35.3%) increased.

Over the same period of comparison, the import prices from Singapore (-7.5%), Korea (-6.4%), Taiwan (-4.9%) and the Mainland (-1.0%) decreased. On the other hand, the import prices from Japan increased by 1.2%.


2020 © | Important notices       Privacy policy      Accessibility                                                                                                                                                    Last Revision Date: June 18, 2020

 

Web For All W3C Web Accessibility initiative    
This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. Should you have any enquiries or comments on its accessibility, please contact us by phone or email.