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Analysis of Hong Kong's Imports of Goods 香港商品進口貿易分析
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香港統計月刊 Hong Kong Monthly Digest of Statistics 2021 年 6 月 June 2021 專題文章 Feature Article 香港商品進口貿易分析 Analysis of Hong Kong's Imports of Goods
Transcript of Analysis of Hong Kong's Imports of Goods 香港商品進口貿易分析
Analysis of Hong Kong's Imports of Goods 2021 6
Analysis of Hong Kong's Imports of Goods
2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
Hong Kong is an externally oriented economy. Goods consumed locally and for exports are both largely based on imports. This article analyses the performance of Hong Kong’s imports of goods in recent years.
(852) 2582 [email protected]
Enquiries on this article may be directed to the Trade Analysis Section, Census and Statistics Department (Tel. : (852) 2582 4914 ; E-mail : [email protected]).
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
Analysis of Hong Kong’s Imports of Goods
1. 1. Introduction 1.1
2020
39,275 42,698
1.6
1.1 Hong Kong is an externally oriented economy. In 2020, the value of Hong Kong’s total exports of goods amounted to $3,927.5 billion, while that of imports of goods was $4,269.8 billion. The ratio of the value of total exports of goods to Hong Kong’s Gross Domestic Product (GDP) was 1.5, while that of the value of imports of goods to GDP was 1.6.
1.2
1.2 Goods consumed locally in Hong Kong and for exports are both largely based on imports. This article analyses the performance of Hong Kong’s imports of goods in recent years.
2. 2. Performance of Hong Kong’s imports
of goods 2.1 1 2010 2015 2020
2.1 Table 1 presents the values of Hong Kong’s external merchandise trade in 2010, 2015 and 2020.
1 Table 1 Values of Hong Kong’s external merchandise trade
$ billion
Imports 3,364.8 4,046.4 4,269.8
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2.2 2010
2.6% 1
2.2 The value of Hong Kong’s total exports of goods increased from $3,031.0 billion in 2010 to $3,927.5 billion in 2020. This represented an average annual rate of increase at 2.6%. (Table 1)
2.3
2010 33,648 2020
42,698 2.4% 1
2.3 Performance of Hong Kong’s imports of goods basically tracked that of total exports in the past decade. The value of imports increased from $3,364.8 billion in 2010 to $4,269.8 billion in 2020. This represented an average annual rate of increase at 2.4%. (Table 1)
2.4 1 2011 2020
2.4 Chart 1 presents the year-on-year percentage changes in the value index, unit value index and quantum index of Hong Kong’s imports of goods during the period from 2011 to 2020.
1 2019 =100 Chart 1 Year-on-year percentage changes in the value index, unit value index and quantum
index (Year 2019=100) of Hong Kong’s imports of goods
2.5
2015 2016 2019 2020
1
2.5 Value index is a measure of change in value of external merchandise trade. During 2011 to 2020, year-on-year increases were recorded in the value index of imports for all years, except in 2015, 2016, 2019 and 2020. (Chart 1)
Year
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2.6
20152016 2020
1
2.6 Unit value index is a measure of change in price of external merchandise trade. During 2011 to 2020, year-on-year increases were recorded in the unit value index of imports for all years, except in 2015, 2016 and 2020. (Chart 1)
2.7
2020
1
2.7 Quantum index is a measure of change in volume of external merchandise trade, with the effect of price changes discounted. During 2011 to 2020, year-on-year increases were recorded in the volume index of imports for all years, except in 2015, 2019 and 2020. (Chart 1)
3. 3. Imports of goods by major trading
partner 3.1
3.1 Statistics on imports of goods can be analysed by supplier or origin.
3.2
3.2 Supplier is the country/territory from which the goods were consigned, by any form of transport, to Hong Kong, without any further intermediate commercial transaction. The country/territory from which the goods are consigned is not necessarily the country/territory of origin, manufacture or shipment.
3.3
3.3 Origin is the country/territory where a product has undergone manufacturing process that changes permanently and substantially the shape, nature, form or utility of the basic materials used in manufacture.
3.4 2 2010 2015 2020
3.4 Table 2 presents the values of Hong Kong’s imports of goods by main supplier in 2010, 2015 and 2020.
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2 Table 2 Imports of goods by main supplier
2010 2015 2020
% share(1)
The mainland of China 1,529.8 45.5 1,984.0 49.0 1,923.5 45.1 Taiwan 224.8 6.7 274.4 6.8 405.7 9.5 Singapore 237.4 7.1 245.9 6.1 314.1 7.4 Korea 133.7 4.0 172.1 4.3 247.2 5.8 Japan 308.2 9.2 260.3 6.4 240.0 5.6 Other countries/territories 931.0 27.7 1,109.7 27.4 1,139.2 26.7 All suppliers 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (1) Percentage share of individual supplier among all suppliers. 3.5 2020
2
3.5 In 2020, the mainland of China (the Mainland) and Taiwan were the two largest suppliers of Hong Kong’s imports. (Table 2)
3.6 2010
15,298 2020 19,235
2.3% 2020
45.1% 2010
45.5% 0.4 2
3.6 The value of imports from the Mainland increased from $1,529.8 billion in 2010 to $1,923.5 billion in 2020. This represented an average annual rate of increase at 2.3%. In 2020, imports from the Mainland accounted for 45.1% of the value of Hong Kong’s imports. Compared to the share of 45.5% in 2010, this represented a slight decrease of 0.4 percentage point. (Table 2)
3.7 2010
2,248 2020 4,057
6.1% 2020
9.5%
2
3.7 Meanwhile, the value of imports from Taiwan increased from $224.8 billion in 2010 to $405.7 billion in 2020. This represented an average annual rate of increase at 6.1%. In 2020, imports from Taiwan accounted for 9.5% of the value of Hong Kong’s imports. (Table 2)
3.8
7.4% 5.8% 5.6%
2
3.8 Other major suppliers of Hong Kong’s imports were Singapore, Korea and Japan. In 2020, they accounted for 7.4%, 5.8% and 5.6% of the value of Hong Kong’s imports respectively. (Table 2)
3.9 3 2010 2015 2020
3.9 Table 3 shows the values of Hong Kong’s imports of goods by main origin in 2010, 2015 and 2020.
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
3 Table 3 Imports of goods by main origin
2010 2015 2020
% share(1)
The mainland of China 1,516.9 45.1 1,956.5 48.4 1,841.7 43.1 Taiwan 256.5 7.6 340.1 8.4 545.6 12.8 Korea 162.1 4.8 202.9 5.0 296.2 6.9 Japan 323.8 9.6 270.4 6.7 245.8 5.8 Malaysia 109.5 3.3 124.9 3.1 177.9 4.2 Other countries/territories 996.1 29.6 1,151.6 28.5 1,162.4 27.2 All origins 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (1) Percentage share of individual origin among all origins. 3.10 2010 2020
18,417 2.0%
2020
2.0 3
3.10 During the period 2010 to 2020, the Mainland was the largest origin of Hong Kong’s imports. The value of imports of Mainland origin increased from $1,516.9 billion in 2010 to $1,841.7 billion in 2020. This represented an average annual rate of increase at 2.0%. In 2020, imports of Mainland origin contributed 43.1% of the value of Hong Kong’s imports. Compared to the share of 45.1% in 2010, this represented a decrease of 2.0 percentage points. (Table 3)
3.11
12.8%6.9%5.8% 4.2% 3
3.11 Other major origins of Hong Kong’s imports were Taiwan, Korea, Japan and Malaysia. In 2020, they accounted for 12.8%, 6.9%, 5.8% and 4.2% of the value of Hong Kong’s imports respectively. (Table 3)
4. 4. Imports of goods by major commodity
group 4.1 4 2010 2015 2020
4.1 Table 4 shows the values of Hong Kong’s imports of goods by major commodity group in 2010, 2015 and 2020.
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4 Table 4 Imports of goods by major commodity group
2010 2015 2020
$ Bn (1)
data processing machines 322.7 9.6 351.9 8.7 351.9 8.2
216.0 6.4 239.8 5.9 223.4 5.2
Non-metallic mineral
manufactures 137.4 4.1 183.1 4.5 127.7 3.0
Other commodities 1,274.7 37.9 1,260.1 31.1 1,124.2 26.3 Total 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (2)
(SITC)
(1) (2)
Analysed by 2-digit Standard International Trade Classification (SITC).
4.2 2020
2020 17,965
6.5% 2020
42.1% 201028.4%
13.7 4
4.2 In 2020, “electrical machinery, apparatus and appliances, and electrical parts thereof” was the largest commodity group of Hong Kong’s imports. The value of imports of this commodity group increased from $956.8 billion in 2010 to $1,796.5 billion in 2020. This represented an average annual rate of increase at 6.5%. In 2020, the value of imports of this commodity group accounted for 42.1% of the value of Hong Kong’s imports. Compared to the share of 28.4% in 2010, this represented an increase of 13.7 percentage points. (Table 4)
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
4.3
15.1% 8.2%
4
4.3 Other major commodity groups of Hong Kong’s imports included “telecommunications and sound recording and reproducing apparatus and equipment” and “office machines and automatic data processing machines”. In 2020, they accounted for 15.1% and 8.2% of the value of Hong Kong’s imports respectively. (Table 4)
5. 5. Imports of goods by end-use category 5.1 5 2010 2015 2020
5.1 Table 5 shows the values of Hong Kong’s imports of goods by end-use category in 2010, 2015 and 2020.
5 Table 5 Imports of goods by end-use category
2010 2015 2020
Consumer goods 811.4 24.1 861.2 21.3 696.4 16.3
Raw materials and semi- manufactures
1,237.9 36.8 1,417.3 35.0 1,868.5 43.8
Fuels 119.0 3.5 93.7 2.3 68.5 1.6
Capital goods 1,072.7 31.9 1,501.9 37.1 1,469.7 34.4
Total 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1)
(1) Percentage share of individual end-use category in corresponding total.
5.2 2020
12,379 2020 18,685
4.2%
2020
81.3%
5
5.2 In 2020, “raw materials and semi- manufactures” was the largest end-use category of imports, accounting for 43.8% of Hong Kong’s imports. The value of imports of this category increased from $1,237.9 billion in 2010 to $1,868.5 billion in 2020. This represented an average annual rate of increase at 4.2%. Major items in this category included “electronic components” (accounting for 81.3% of the import value of this end- use category in 2020) and “base metal other than iron and steel” (accounting for 3.5% of the import value of this end-use category in 2020). (Table 5)
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
5.3
2020 34.4% 16.3% 2010
10,727 2020 14,697
3.2%
6,964 1.5%
2020
36.8%
2020
24.2%
2020
8.6% 5
5.3 The shares of “capital goods” and “consumer goods” in Hong Kong’s imports were 34.4% and 16.3% respectively in 2020. The value of imports of the former increased from $1,072.7 billion in 2010 to $1,469.7 billion in 2020. This represented an average annual rate of increase at 3.2%. The value of imports of the latter decreased from $811.4 billion in 2010 to $696.4 billion in 2020. This represented an average annual rate of decrease at 1.5%. Major items in “capital goods” included “telecommunications equipment” (accounting for 36.8% of the import value of this end-use category in 2020) and “office machinery” (accounting for 24.2% of the import value of this end-use category in 2020). For the imports of “consumer goods”, major items included “jewellery, precious stones and related articles” (accounting for 27.7% of the import value of this end-use category in 2020) and “clothing” (accounting for 8.6% of the import value of this end-use category in 2020). (Table 5)
5.4
2020 3.9% 1.6% 5
5.4 Meanwhile, “foodstuffs” and “fuels” took up relatively small proportions of the value of Hong Kong’s imports, at 3.9% and 1.6% respectively in 2020. (Table 5)
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Analysis of Hong Kong's Imports of Goods
2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
Hong Kong is an externally oriented economy. Goods consumed locally and for exports are both largely based on imports. This article analyses the performance of Hong Kong’s imports of goods in recent years.
(852) 2582 [email protected]
Enquiries on this article may be directed to the Trade Analysis Section, Census and Statistics Department (Tel. : (852) 2582 4914 ; E-mail : [email protected]).
FA1
2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
Analysis of Hong Kong’s Imports of Goods
1. 1. Introduction 1.1
2020
39,275 42,698
1.6
1.1 Hong Kong is an externally oriented economy. In 2020, the value of Hong Kong’s total exports of goods amounted to $3,927.5 billion, while that of imports of goods was $4,269.8 billion. The ratio of the value of total exports of goods to Hong Kong’s Gross Domestic Product (GDP) was 1.5, while that of the value of imports of goods to GDP was 1.6.
1.2
1.2 Goods consumed locally in Hong Kong and for exports are both largely based on imports. This article analyses the performance of Hong Kong’s imports of goods in recent years.
2. 2. Performance of Hong Kong’s imports
of goods 2.1 1 2010 2015 2020
2.1 Table 1 presents the values of Hong Kong’s external merchandise trade in 2010, 2015 and 2020.
1 Table 1 Values of Hong Kong’s external merchandise trade
$ billion
Imports 3,364.8 4,046.4 4,269.8
FA2
2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2.2 2010
2.6% 1
2.2 The value of Hong Kong’s total exports of goods increased from $3,031.0 billion in 2010 to $3,927.5 billion in 2020. This represented an average annual rate of increase at 2.6%. (Table 1)
2.3
2010 33,648 2020
42,698 2.4% 1
2.3 Performance of Hong Kong’s imports of goods basically tracked that of total exports in the past decade. The value of imports increased from $3,364.8 billion in 2010 to $4,269.8 billion in 2020. This represented an average annual rate of increase at 2.4%. (Table 1)
2.4 1 2011 2020
2.4 Chart 1 presents the year-on-year percentage changes in the value index, unit value index and quantum index of Hong Kong’s imports of goods during the period from 2011 to 2020.
1 2019 =100 Chart 1 Year-on-year percentage changes in the value index, unit value index and quantum
index (Year 2019=100) of Hong Kong’s imports of goods
2.5
2015 2016 2019 2020
1
2.5 Value index is a measure of change in value of external merchandise trade. During 2011 to 2020, year-on-year increases were recorded in the value index of imports for all years, except in 2015, 2016, 2019 and 2020. (Chart 1)
Year
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2.6
20152016 2020
1
2.6 Unit value index is a measure of change in price of external merchandise trade. During 2011 to 2020, year-on-year increases were recorded in the unit value index of imports for all years, except in 2015, 2016 and 2020. (Chart 1)
2.7
2020
1
2.7 Quantum index is a measure of change in volume of external merchandise trade, with the effect of price changes discounted. During 2011 to 2020, year-on-year increases were recorded in the volume index of imports for all years, except in 2015, 2019 and 2020. (Chart 1)
3. 3. Imports of goods by major trading
partner 3.1
3.1 Statistics on imports of goods can be analysed by supplier or origin.
3.2
3.2 Supplier is the country/territory from which the goods were consigned, by any form of transport, to Hong Kong, without any further intermediate commercial transaction. The country/territory from which the goods are consigned is not necessarily the country/territory of origin, manufacture or shipment.
3.3
3.3 Origin is the country/territory where a product has undergone manufacturing process that changes permanently and substantially the shape, nature, form or utility of the basic materials used in manufacture.
3.4 2 2010 2015 2020
3.4 Table 2 presents the values of Hong Kong’s imports of goods by main supplier in 2010, 2015 and 2020.
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
2 Table 2 Imports of goods by main supplier
2010 2015 2020
% share(1)
The mainland of China 1,529.8 45.5 1,984.0 49.0 1,923.5 45.1 Taiwan 224.8 6.7 274.4 6.8 405.7 9.5 Singapore 237.4 7.1 245.9 6.1 314.1 7.4 Korea 133.7 4.0 172.1 4.3 247.2 5.8 Japan 308.2 9.2 260.3 6.4 240.0 5.6 Other countries/territories 931.0 27.7 1,109.7 27.4 1,139.2 26.7 All suppliers 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (1) Percentage share of individual supplier among all suppliers. 3.5 2020
2
3.5 In 2020, the mainland of China (the Mainland) and Taiwan were the two largest suppliers of Hong Kong’s imports. (Table 2)
3.6 2010
15,298 2020 19,235
2.3% 2020
45.1% 2010
45.5% 0.4 2
3.6 The value of imports from the Mainland increased from $1,529.8 billion in 2010 to $1,923.5 billion in 2020. This represented an average annual rate of increase at 2.3%. In 2020, imports from the Mainland accounted for 45.1% of the value of Hong Kong’s imports. Compared to the share of 45.5% in 2010, this represented a slight decrease of 0.4 percentage point. (Table 2)
3.7 2010
2,248 2020 4,057
6.1% 2020
9.5%
2
3.7 Meanwhile, the value of imports from Taiwan increased from $224.8 billion in 2010 to $405.7 billion in 2020. This represented an average annual rate of increase at 6.1%. In 2020, imports from Taiwan accounted for 9.5% of the value of Hong Kong’s imports. (Table 2)
3.8
7.4% 5.8% 5.6%
2
3.8 Other major suppliers of Hong Kong’s imports were Singapore, Korea and Japan. In 2020, they accounted for 7.4%, 5.8% and 5.6% of the value of Hong Kong’s imports respectively. (Table 2)
3.9 3 2010 2015 2020
3.9 Table 3 shows the values of Hong Kong’s imports of goods by main origin in 2010, 2015 and 2020.
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
3 Table 3 Imports of goods by main origin
2010 2015 2020
% share(1)
The mainland of China 1,516.9 45.1 1,956.5 48.4 1,841.7 43.1 Taiwan 256.5 7.6 340.1 8.4 545.6 12.8 Korea 162.1 4.8 202.9 5.0 296.2 6.9 Japan 323.8 9.6 270.4 6.7 245.8 5.8 Malaysia 109.5 3.3 124.9 3.1 177.9 4.2 Other countries/territories 996.1 29.6 1,151.6 28.5 1,162.4 27.2 All origins 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (1) Percentage share of individual origin among all origins. 3.10 2010 2020
18,417 2.0%
2020
2.0 3
3.10 During the period 2010 to 2020, the Mainland was the largest origin of Hong Kong’s imports. The value of imports of Mainland origin increased from $1,516.9 billion in 2010 to $1,841.7 billion in 2020. This represented an average annual rate of increase at 2.0%. In 2020, imports of Mainland origin contributed 43.1% of the value of Hong Kong’s imports. Compared to the share of 45.1% in 2010, this represented a decrease of 2.0 percentage points. (Table 3)
3.11
12.8%6.9%5.8% 4.2% 3
3.11 Other major origins of Hong Kong’s imports were Taiwan, Korea, Japan and Malaysia. In 2020, they accounted for 12.8%, 6.9%, 5.8% and 4.2% of the value of Hong Kong’s imports respectively. (Table 3)
4. 4. Imports of goods by major commodity
group 4.1 4 2010 2015 2020
4.1 Table 4 shows the values of Hong Kong’s imports of goods by major commodity group in 2010, 2015 and 2020.
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
4 Table 4 Imports of goods by major commodity group
2010 2015 2020
$ Bn (1)
data processing machines 322.7 9.6 351.9 8.7 351.9 8.2
216.0 6.4 239.8 5.9 223.4 5.2
Non-metallic mineral
manufactures 137.4 4.1 183.1 4.5 127.7 3.0
Other commodities 1,274.7 37.9 1,260.1 31.1 1,124.2 26.3 Total 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1) (2)
(SITC)
(1) (2)
Analysed by 2-digit Standard International Trade Classification (SITC).
4.2 2020
2020 17,965
6.5% 2020
42.1% 201028.4%
13.7 4
4.2 In 2020, “electrical machinery, apparatus and appliances, and electrical parts thereof” was the largest commodity group of Hong Kong’s imports. The value of imports of this commodity group increased from $956.8 billion in 2010 to $1,796.5 billion in 2020. This represented an average annual rate of increase at 6.5%. In 2020, the value of imports of this commodity group accounted for 42.1% of the value of Hong Kong’s imports. Compared to the share of 28.4% in 2010, this represented an increase of 13.7 percentage points. (Table 4)
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
4.3
15.1% 8.2%
4
4.3 Other major commodity groups of Hong Kong’s imports included “telecommunications and sound recording and reproducing apparatus and equipment” and “office machines and automatic data processing machines”. In 2020, they accounted for 15.1% and 8.2% of the value of Hong Kong’s imports respectively. (Table 4)
5. 5. Imports of goods by end-use category 5.1 5 2010 2015 2020
5.1 Table 5 shows the values of Hong Kong’s imports of goods by end-use category in 2010, 2015 and 2020.
5 Table 5 Imports of goods by end-use category
2010 2015 2020
Consumer goods 811.4 24.1 861.2 21.3 696.4 16.3
Raw materials and semi- manufactures
1,237.9 36.8 1,417.3 35.0 1,868.5 43.8
Fuels 119.0 3.5 93.7 2.3 68.5 1.6
Capital goods 1,072.7 31.9 1,501.9 37.1 1,469.7 34.4
Total 3,364.8 100.0 4,046.4 100.0 4,269.8 100.0
Notes : Figures may not add up to total due to rounding.
(1)
(1) Percentage share of individual end-use category in corresponding total.
5.2 2020
12,379 2020 18,685
4.2%
2020
81.3%
5
5.2 In 2020, “raw materials and semi- manufactures” was the largest end-use category of imports, accounting for 43.8% of Hong Kong’s imports. The value of imports of this category increased from $1,237.9 billion in 2010 to $1,868.5 billion in 2020. This represented an average annual rate of increase at 4.2%. Major items in this category included “electronic components” (accounting for 81.3% of the import value of this end- use category in 2020) and “base metal other than iron and steel” (accounting for 3.5% of the import value of this end-use category in 2020). (Table 5)
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2021 6 Hong Kong Monthly Digest of Statistics June 2021 Census and Statistics Department, Hong Kong Special Administrative Region
5.3
2020 34.4% 16.3% 2010
10,727 2020 14,697
3.2%
6,964 1.5%
2020
36.8%
2020
24.2%
2020
8.6% 5
5.3 The shares of “capital goods” and “consumer goods” in Hong Kong’s imports were 34.4% and 16.3% respectively in 2020. The value of imports of the former increased from $1,072.7 billion in 2010 to $1,469.7 billion in 2020. This represented an average annual rate of increase at 3.2%. The value of imports of the latter decreased from $811.4 billion in 2010 to $696.4 billion in 2020. This represented an average annual rate of decrease at 1.5%. Major items in “capital goods” included “telecommunications equipment” (accounting for 36.8% of the import value of this end-use category in 2020) and “office machinery” (accounting for 24.2% of the import value of this end-use category in 2020). For the imports of “consumer goods”, major items included “jewellery, precious stones and related articles” (accounting for 27.7% of the import value of this end-use category in 2020) and “clothing” (accounting for 8.6% of the import value of this end-use category in 2020). (Table 5)
5.4
2020 3.9% 1.6% 5
5.4 Meanwhile, “foodstuffs” and “fuels” took up relatively small proportions of the value of Hong Kong’s imports, at 3.9% and 1.6% respectively in 2020. (Table 5)
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