SITI to visit Shanghai
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, will depart for a visit to Shanghai this afternoon (July 16) to attend the 2026 World AI Conference and High-Level Meeting on Global AI Governance and speak at the Seminar on Fostering Economic Innovation and Global Collaboration through AI.
Professor Sun will return to Hong Kong in the afternoon of July 18. During his absence, the Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong, will be the Acting Secretary for Innovation, Technology and Industry.
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, Photo source: reference image
Volume and price statistics of external merchandise trade in May 2026
Further to the external merchandise trade statistics in value terms for May 2026 released earlier on, the Census and Statistics Department (C&SD) released today (July 16) the volume and price statistics of external merchandise trade for that month.
In May 2026, the volume of Hong Kong's total exports of goods and imports of goods increased by 25.8% and 27.4% respectively over May 2025.
Comparing the first five months of 2026 with the same period in 2025, the volume of Hong Kong's total exports of goods and imports of goods increased by 27.6% and 31.0% respectively.
Comparing the three-month period ending May 2026 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 10.8% and 11.0% 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 May 2026 with May 2025, the prices of total exports of goods and imports of goods increased by 11.8% and 11.1% respectively.
As regards price changes in the first five months of 2026 over the same period in 2025, the prices of total exports of goods and imports of goods increased by 6.7% and 6.5% respectively.
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 2025, the index increased by 0.6% in May 2026 and 0.2% in the first five months of 2026.
Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
Comparing May 2026 with May 2025, increases were recorded for the total export volume to Taiwan (70.7%), Vietnam (48.9%), the USA (40.4%) and Chinese Mainland (the Mainland) (31.2%). On the other hand, the total export volume to India decreased by 24.5%.
Over the same period of comparison, the total export prices to all main destinations increased: the Mainland (13.2%), Vietnam (11.9%), the USA (11.2%), Taiwan (10.0%) and India (10.0%).
Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
Comparing May 2026 with May 2025, increases were recorded for the import volume from all main suppliers: Korea (67.2%), Vietnam (57.4%), the Mainland (35.0%), Singapore (14.8%) and Taiwan (3.1%).
Over the same period of comparison, the import prices from all main suppliers increased: Korea (24.3%), Taiwan (16.5%), the Mainland (11.7%), Singapore (9.7%) and Vietnam (8.6%).
Further information
Details of the above statistics are published in the May 2026 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: 3863 2599).
Source: AI-found images
