Hong Kong, 28 Dec (China News Service) -- Statistics on foreign merchandise trade statistics released by the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government on the 28th show that the overall export and import value of Hong Kong in November 2021 recorded an increase of 25.0% and 20.0% respectively.
According to the data, following the year-on-year increase of 21.4% recorded in October 2021, the overall export value of goods in November was 474.4 billion yuan (Hong Kong dollars, the same below), up 25.0% from the same month last year. At the same time, following the year-on-year increase of 17.7% recorded in October 2021, the value of goods imported in November 2021 was 486 billion yuan, up 20.0% from the same month last year. In November 2021, a tangible trade deficit of 11.6 billion yuan was recorded, equivalent to 2.4% of the value of goods imported.
The overall export value of goods in the first 11 months of 2021 increased by 26.5% compared with the same period last year. At the same time, the value of imports of goods rose by 24.9%. In the first 11 months of 2021, a tangible trade deficit of 313.4 billion yuan was recorded, equivalent to 6.5% of the value of goods imported.
In this regard, a spokesman for the SAR Government said that the value of goods exported in November accelerated to 25.0% year-on-year. Exports to the Mainland, the United States and the European Union all continued to grow significantly, while exports to other major Asian markets also saw double-digit gains. In the first 11 months of 2021, the total amount of commodity trade reached 9,258.4 billion yuan, 13.6% higher than the high in the same period of 2018.
Looking ahead, the continued recovery of the global economy should continue to support Hong Kong's export performance in the short term, the spokesman said. However, the threat of the recent rapid spread of the Opichron variant virus in many places, coupled with disruptions caused by supply bottlenecks, may slow global economic growth. Developments in U.S.-China relations, monetary and fiscal policies of major economies, and geopolitical situations also require attention. (End)
Source: China News Network
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