Year-on-year, imports soared 8.6 percent to HKD 407.1 billion, after a 7.9 percent increase in the prior month. Purchases grew mostly from Malaysia (68.5 percent), India (38.1 percent), the Philippines (25.4 percent), Korea (21.7 percent), Thailand (8.9 percent), China (6.5 percent) and Taiwan (4.7 percent). By contrast, decreases were registered in the values of imports from the United States (-7.4 percent) and Japan (-0.6 percent).
By commodity, imports advanced mainly for: electrical machinery, apparatus and appliances, and electrical parts thereof (12.8 percent); non-metallic mineral manufactures (37.6 percent) and office machines and automatic data processing machines (16.8 percent). However, a decline was registered in the value of imports of articles of apparel and clothing accessories (-5 percent).
Exports increased at a softer 7.8 percent to HKD 367.4 billion, following a 6.7 percent gain in October. Shipments to Asia as a whole grew 8.9 percent, in particular to India (17 percent), Japan (14.6 percent), the Philippines (12.3 percent), Vietnam (11.6 percent), China (10.1 percent), Malaysia (8.2 percent) and Korea (6.1 percent). On the other hand, a decrease was recorded in the value of total exports to Singapore (-15.5 percent). Apart from destinations in Asia, increases were registered in the values of total exports to some major destinations in other regions, in particular Germany (13.1 percent) and the United States (7.4 percent). Conversely, a fall was registered in the value of total exports to the United Kingdom (-3 percent).
By commodity, sales rose for: electrical machinery, apparatus and appliances, and electrical parts thereof (15.6 percent); non-metallic mineral manufactures (28.8 percent) and miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) (13.7 percent). However, a decrease was registered in the value of total exports of photographic apparatus, equipment and supplies, optical goods, watches and clocks (-6.4 percent).