The Census and Statistics Department (C&SD) released(April 27) the external merchandise trade statistics for March 2021. In March 2021, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year increases, at 26.4% and 21.7% respectively.

In March 2021, the value of total exports of goods increased by 26.4% over a year earlier to $409.1 billion, after a year-on-year increase of 30.4% in February 2021. Concurrently, the value of imports of goods increased by 21.7% over a year earlier to $436.1 billion in March 2021, after a year-on-year increase of 17.6% in February 2021. A visible trade deficit of $27.0 billion, equivalent to 6.2% of the value of imports of goods, was recorded in March 2021.

For the first quarter of 2021 as a whole, the value of total exports of goods increased by 33.2% over the same period in 2020. Concurrently, the value of imports of goods increased by 25.6%. A visible trade deficit of $67.0 billion, equivalent to 5.7% of the value of imports of goods, was recorded in the first quarter of 2021.

Comparing the first quarter of 2021 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods increased by 19.4%. Meanwhile, the value of imports of goods increased by 13.8%.

Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section (2) of the C&SD (Tel: 2582 5042).