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Hong Kong’s October import and export value continues to show double-digit growth

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[Hong Kong’s import and export value continued to show double-digit growth in October]The Hong Kong Special Administrative Region Census and Statistics Department released external merchandise trade statistics on the 25th, showing that the value of Hong Kong’s overall exports and imports in October 2021 increased by 21.4% and 17.7% year-on-year respectively. Statistics show that in the first 10 months of 2021, the value of total exports of goods increased by 26.7% year-on-year, and the value of imports of goods increased by 25.5% year-on-year. (Xinhuanet)

The Statistics Department of the Hong Kong Special Administrative Region Government released external merchandise trade statistics on the 25th, showing that in October 2021, the value of Hong Kong’s overall exports and imports increased by 21.4% and 17.7% respectively year-on-year.

Statistics show that in the first 10 months of 2021, the value of total exports of goods increased by 26.7% year-on-year, and the value of imports of goods increased by 25.5% year-on-year.

A spokesperson for the SAR government said that with the recovery of the global economy, commodity exports continued to grow in October. Exports to the Mainland, the United States and the European Union have all increased significantly, and exports to other major Asian markets have also shown different degrees of increase. In the first 10 months of 2021, the total merchandise trade totaled 8299.3 billion Hong Kong dollars, which was 12.5% ​​higher than the high of the same period in 2018.

The spokesperson of the SAR government predicts that in the future, the recovery of world economic demand will continue to support Hong Kong’s export performance in the short term, but the worsening of the epidemic situation in many regions and supply bottlenecks may slow down global economic growth.

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(Article Source:Xinhuanet

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