Hong Kong Exports Up 12% Year-on-Year, Imports from Vietnam Surge 50%
Compared with the same period last year, the volume of total exports increased by 12.4%, while the volume of imports rose by 9.7%. Meanwhile, overall export and import prices grew by 2.0% and 1.9%, respectively, reflecting a pattern of simultaneous growth in both volume and value.
From January to August this year, the total export volume and import volume increased by 10.9% and 10.7% year-on-year, respectively, while both export and import prices maintained a stable growth of 1.9%. It is worth noting that, after seasonal adjustment, the total export and import volumes for the three months ending in August decreased by 2.4% and 1.5%, respectively, compared with the preceding three months. This short-term fluctuation falls within the scope of normal market adjustments and does not affect the overall positive trend in external trade.
In August, Hong Kong’s exports to all major markets recorded steady growth. Among them, the Vietnamese market performed particularly prominently, with export volume surging by 49.5%. Imports from Vietnam also recorded the largest increase, rising sharply by 72.3% year-on-year, indicating deepening economic and trade exchanges between the two regions. Regarding other markets, exports to Taiwan increased by 27.7%, exports to the United States rose by 19.7%, and exports to India grew by 15.7%, while exports to Mainland China maintained a steady increase of 6.4%. On the import side, imports from Mainland China continued to grow steadily by 12.0%, while imports from South Korea and Singapore decreased by 16.7% and 0.8%, respectively.
In terms of trade prices, import prices from all major supply sources showed an upward trend. Among them, South Korea recorded an increase of 4.3%, Singapore 4.1%, Taiwan 3.8%, Vietnam 1.4%, and Mainland China a slight rise of 0.5%.
In summary, Hong Kong’s external merchandise trade data for August fully demonstrates the competitive advantages and development resilience of the city as an international trade hub. In particular, the accelerated trade exchanges with emerging markets such as Vietnam have provided new growth opportunities for Hong Kong exporters.
