Jul.19--HONG KONG's total goods export volume rose 1.3 per cent in May year on year, attributable to 1.7 per cent increase in the volume of re-exports and 16.2 per cent decrease in domestic exports, according to Hong Kong Census & Statistics Department.

The prices of Hong Kong's goods re-exports rose 4.1 per cent, and those of domestic exports were up 2.7 per cent. Overall, the prices of export goods increased four per cent in May.

Comparing the first five months with the same period last year, the volume of Hong Kong's goods re-exports dropped 3.3 per cent, and that of domestic exports fell 24 per cent. Taken together, the volume of total goods exports decreased 3.7 per cent.

From January to May, the prices of Hong Kong's goods re-exports were up 5.4 per cent, while those of domestic exports increased 3.1 per cent, contributing to a 5.4 per cent rise in the prices of total goods exports.

Meanwhile, in May, the volume of goods imports rose 0.7 per cent year on year, and the prices of goods imports were up 4.3 per cent. Comparing the first five months with the same period last year, the volume of goods imports dropped 2.1 per cent, but the prices of goods imports increased 4.7 per cent.

(Source:shippingazette)