Hong Kong's June 2025 Merchandise Trade Shows Significant Volume Increases in Exports and Imports Compared to 2024.

Volume and price statistics of external merchandise trade in June 2025

Further to the external merchandise trade statistics in value terms for June 2025 released earlier on, the Census and Statistics Department (C&SD) released today (August 14) the volume and price statistics of external merchandise trade for that month.

In June 2025, the volume of Hong Kong's total exports of goods and imports of goods increased by 10.3% and 9.2% respectively over June 2024.

Comparing the first half of 2025 with the same period in 2024, the volume of Hong Kong's total exports of goods and imports of goods increased by 10.4% and 10.2% respectively.

Comparing the second quarter of 2025 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 3.4% and 4.4% respectively.

Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.

Comparing June 2025 with June 2024, the prices of total exports of goods and imports of goods increased by 1.6% and 1.8% respectively.

As regards price changes in the first half of 2025 over the same period in 2024, the prices of total exports of goods and imports of goods both increased by 1.9%.

Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.

The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2024, the index decreased by 0.2% in June 2025 and 0.1% in the first half of 2025.

Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.

Comparing June 2025 with June 2024, increases were recorded for the total export volume to Vietnam (34.7%), the mainland of China (the Mainland) (17.2%), India (12.6%) and Taiwan (2.6%). On the other hand, the total export volume to the USA decreased by 12.3%.

Over the same period of comparison, the total export prices to Taiwan (4.8%), Vietnam (2.2%), the Mainland (1.2%) and the USA (0.8%) increased. On the other hand, the total export prices to India decreased by 1.5%.

Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.

Comparing June 2025 with June 2024, increases were recorded for the import volume from Vietnam (45.6%), the Mainland (16.5%), Singapore (5.9%) and Taiwan (3.8%). On the other hand, the import volume from Korea decreased by 29.6%.

Over the same period of comparison, the import prices from all main suppliers increased: Korea (3.2%), Taiwan (3.1%), Vietnam (2.8%), Singapore (1.9%) and the Mainland (1.0%).

Further information

Details of the above statistics are published in the June 2025 issue of "Hong Kong Merchandise Trade Index Numbers". Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).

Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).

Source: AI-found images

Hong Kong Customs special operation combats sale of counterfeit luxury fashion products

Hong Kong Customs mounted a special operation in Hung Hom and Quarry Bay between January 6 and 14 to combat the sale of counterfeit luxury fashion products. About 1 000 suspected counterfeit goods, including apparel, shoes, handbags and jewellery, with an estimated market value of about $7.3 million, were seized. Two persons were arrested.

Through intelligence analysis, Customs earlier discovered a retail shop in Hung Hom selling suspected counterfeit luxury fashion products. Customs officers then took enforcement action and raided the retail shop and its storage facility. About 400 pieces of suspected counterfeit apparel, with an estimated market value of about $700,000, were seized.

In addition, Customs earlier received information alleging that suspected counterfeit apparel was put on sale at a retail shop in Quarry Bay. After detailed investigations and with the assistance of the trademark owners, Customs officers took enforcement action and raided the retail shop. About 600 suspected counterfeit apparel items, with an estimated market value of about $6,600,000, were seized.

During the operation, two female shop owners, aged 48 and 53, were arrested.

The investigation is ongoing, and the likelihood of further arrests is not ruled out.

With the Lunar New Year around the corner, Customs will continue to step up inspections and enforcement to vigorously combat different kinds of counterfeiting activities.

Customs reminds consumers to procure goods at reputable shops and to check with the trademark owners or their authorised agents if the authenticity of a product is in doubt. Traders should also be cautious and prudent in merchandising since selling counterfeit goods is a serious crime and offenders are liable to criminal sanctions.

Under the Trade Descriptions Ordinance, any person who sells or possesses for sale any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

Members of the public may report any suspected counterfeiting activities to Customs' 24-hour hotline 1828080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs special operation combats sale of counterfeit luxury fashion products Source: HKSAR Government Press Releases