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
Speech by SCED at opening ceremony of HKTDC Hong Kong Watch & Clock Fair and Salon de TIME 2026
Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the opening ceremony of HKTDC (Hong Kong Trade Development Council) Hong Kong Watch & Clock Fair and Salon de TIME 2026 today (September 1):
Sophia (Executive Director of the HKTDC, Ms Sophia Chong), Gary (Chairman of the HKTDC Watches & Clocks Advisory Committee, Mr Gary Lau), SK (Co-chairman of the HKTDC Hong Kong Watch & Clock Fair 2026 Organising Committee, Mr Chong Sing-kai), Frankie (Co-chairman of the HKTDC Hong Kong Watch & Clock Fair 2026 Organising Committee, Mr Frankie Lam), distinguished guests, ladies and gentlemen,
Good morning. It is my great pleasure to join you today and officiate at the opening of the 45th edition of the HKTDC Hong Kong Watch & Clock Fair and Salon de TIME.
This year is especially meaningful as we celebrate the 45th anniversary of the Fair. Its enduring success is a testament to the dedication of the HKTDC and its co-organisers, as well as to the resilience, creativity and entrepreneurial spirit of our watch and clock industry.
Over the past 45 years, the Fair has evolved from a regional gathering into a leading international timepiece exhibition and a vital meeting point for the global industry. I am delighted that this year's Fair carries the theme "Sparkling Moments Through Time". It perfectly captures the dynamic interplay between tradition and innovation. The Fair showcases everything from luxury timepieces and fashion-forward creations to technological and sustainable innovations, while bringing together the entire industry value chain and connecting businesses from around the world.
We are also pleased to welcome microbrands and independent watchmakers alongside established maisons that have defined elegance for generations. The participation of renowned brands from the Chinese Mainland, ASEAN (Association of Southeast Asian Nations) economies, Europe and America is a further testament to the Fair's international reach and its appeal as a premier platform for the global timepiece industry.
Such diversity and connectivity are Hong Kong's greatest assets. They also resonate strongly with the opportunities presented by our country's 15th Five-Year Plan, which supports Hong Kong in consolidating and enhancing its status as an international trade centre and in playing a greater role in the country's high-standard opening up. As a "super-connector" between the Chinese Mainland and the global market, we offer a trusted, familiar and business-friendly environment for international companies seeking access to the vast Chinese Mainland market, while providing Mainland brands with an ideal platform from which to expand their global presence.
In line with the opportunities arising from the 15th Five-Year Plan, the Government is fully committed to reinforcing Hong Kong's status as a premier global business centre and convention and exhibition hub. In 2025, our two mega event venues, the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo, hosted over 360 internationally renowned events, attracting more than 9 million participants. We will continue to invest in our infrastructure and enhance our policy support, with a view to further strengthening Hong Kong's position as a preferred destination for global exhibitions and a premier meeting place for ideas, investment and business opportunities.
We welcome more largescale international exhibitions to Hong Kong, especially with the added incentive of the Government's $100 million funding scheme to attract international exhibitions featuring new elements. The economic contribution of the exhibition sector is substantial. Our exhibition industry generated $50.2 billion in total economic output in 2024 while international exhibition visitors spent an average of over $9,300 per trip, about 70 per cent more than the average overnight tourist. These figures highlight the vital role of exhibitions in bringing high-value visitors, driving economic activity and creating new business opportunities.
As we mark this significant 45-year milestone, let us draw inspiration from the past, embrace the possibilities of the present, and look ahead to an even brighter future for the industry. Together, let us continue to create more "Sparkling Moments Through Time".
Thank you, and I wish you all a successful and memorable Fair, and many fruitful exchanges and partnerships in the days ahead. Thank you.
The Secretary for Commerce and Economic Development, Mr Algernon Yau, Photo source: reference image
