China News Service, Hong Kong, September 17 (Reporter Shi Bingyun) The Statistics Bureau of the Hong Kong Special Administrative Region Government announced on the 17th the volume and unit price of foreign merchandise trade in July.
Compared with the same period last year, export volume fell by 2.3% and import volume fell by 2.2%.
The unit price of import and export goods fell by 0.9% and 0.5% year-on-year respectively.
Experts pointed out that due to repeated global epidemics and Sino-US trade frictions, Hong Kong's trade volume has been relatively volatile, but the overall unit price has rebounded.
Statistics from the Bureau of Statistics show that for different markets, except for Hong Kong’s exports to the Mainland (4.8%) and Taiwan (1.6%), exports to the United States (-18.0%), India (-19.0%), and Japan (-12.1%) have increased year-on-year. ) Both fell in double digits.
On a month-on-month basis, the Bureau of Statistics pointed out that Hong Kong's exports and imports in the past three months (May-July) increased by 1.1% and 1.5% respectively over the previous three months.
Associate Professor Zhuang Tailiang of the Department of Economics of the Chinese University of Hong Kong pointed out that Hong Kong's import and export volume is still affected by the global new crown epidemic and Sino-US relations, and is relatively volatile.
Even though China has gradually resumed work and production, the epidemic situation in foreign countries is still uncertain, so the volume of imports and exports from Hong Kong will be affected.
In addition, the uncertainty of Sino-US trade frictions dominates changes in Hong Kong's import and export volume to the US.
In terms of unit prices, the overall export prices and import prices of goods fell 0.5% and 0.9% respectively in July.
However, Zhuang Tailiang pointed out that the unit price has shown a downward trend in March and April this year, but has seen a rebound in May and June, and has generally rebounded.
Previously, the industry worried that the removal of special treatment by the United States for Hong Kong would have a negative impact on future Hong Kong trade, but experts pointed out that the overall change is expected to be small.
The United States requires that from September 25th, Hong Kong-produced goods shipped to the United States must be marked as made in China.
Guan Jiaming, research director of the Hong Kong Trade Development Council (TDC), previously stated at the third quarter Hong Kong Export Index press conference that Hong Kong-produced products exported to the United States accounted for a small proportion of total exports, and the overall export level to Hong Kong is not expected to be very large. influences.
Zhuang Tailiang said that the specific impact will have to wait for subsequent data to be released.
Guan Jiaming also pointed out that the focus of Hong Kong’s export data to the US is the US market demand. If the US market continues to weaken, the export volume of goods transshipped to the US via Hong Kong will be affected.
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