Further to the external merchandise trade statistics in value terms for April 2020 released earlier on, the Census and Statistics Department (C&SD) released today (June 18) 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.
Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
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%).
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 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%.
Further information
Details of the above statistics are published in the April 2020 issue of "Hong Kong Merchandise Trade Index Numbers". Users can download the publication free of charge at the website of the C&SD (www.censtatd.gov.hk/hkstat/sub/sp230.jsp?productCode=B1020006).
Enquiries on merchandise trade indices may be directed to the Trade Analysis Section (1) of the C&SD (Tel: 2582 4918).
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