Hong Kong: import/export trends
In 2008, Hong Kong’s imports from Italy recorded an 8.66% increase compared to 2007, totalling 4,997 million US dollars with a share of 1.27%. Exports (re-exportation + national products) from Hong Kong to Italy rose by 3.54%, to 4,368 million with a share of 1.18%. Hong Kong’s imports from the world rose by 6.13% to 393,443 million US dollars and exports increased by 7.49% to 370,654 million.
In 2008, imports from the top five supplier countries were, in order of value (USD millions), share and variation: China (181,783; 46.20%; +7.06%), Japan (40,348; 10.26%; +5.73%), Taiwan (26,458; 6.73%; -4.17%), South Korea (19,560; 4.97%; -1.26%), United States (17,738; 4.51%, +12.66%). Imports from the EU (27 countries) stood in third place, recording +12.34%; 31,105 USD and a 7.91% share. Of the EU countries exporting to Hong Kong, Italy ranks third after Germany and the United Kingdom which recorded +9.67% and +21.40% and a market share of 1.79% and 1.47% respectively.
Trends in exports (re-exportation + national products) from Hong Kong were as follows: China (+5.94%), United States (-2.21%), Japan (+1.78%), Germany (+16.57%) United Kingdom (+1.94%) which are the top five destination countries. Italy, in 15th place, posted a 3.54% increase. Standing in second place after China, the European Union (27 countries) recorded a 6.72% increase. Of the European Union countries, Italy ranks fifth as buying country after Germany, United Kingdom, Netherlands and France.
In order of value, the main product groups imported from Italy in 2008 showed the following trends: fabrics and yarns -8.77%, apparel +24.57%, leatherwear +33.23%, leather and leather goods -5.54%, machinery and electrical machinery +4.41%, jewellery +5.56%, artisan products +38.72%, footwear +36.36%, chemical products and raw materials -0.68%, means of transport in general +41.91%, wine and food products +41.29%, metals and metal products +8.56%, optical products -1.17%, cosmetics +17.98%, furnishing and lighting +18.92%.
In 2008, Hong Kong re-exported to the world goods from various countries of origin for a value of 353.67 billion US dollars (+6.68%), of which 2.35 billion were of Italian origin and 219.72 billion of Chinese origin. The top five destination countries were, respectively: China for 173 billion (of which 1.89 billion of Italian origin), United States for 43.82 billion, Japan for 15.30 billion, Germany for 11.83 billion and United Kingdom for 9.35 billion. The value of the products re-exported to the European Union (27 countries), exceeded 48 billion US dollars, recording a share of 13.69% and an 8.89% increase. The goods re-exported from Hong Kong to Italy totalled 4,258 million US dollars, +4.82% compared to 2007. In order of value, these referred to machinery and electrical machinery (+1.81%), apparel (+10.86%), leatherwear (+10.39%), toys and sports equipment (+13.06%), optical products (-10.77%), watches and parts (+5.06%), footwear (+22.53%), jewellery (-4.46%), artisan products (+8.01%). Out of the 4,258 million US dollars, the value of products of Chinese origin that were re-exported from Hong Kong to Italy stood at 4,104 million (equal to 96.4%).
