Hong Kong's volume of total goods exports plunged 7.1 percent in November from the same month in 2007 while the volume of imports sank 9.8 percent, revealed the Census and Statistics Department on Tuesday.
The price of total goods exports grew 4.1 percent while the price of goods imports increased 3.1 percent, according to the department.
The current global economic downturn has a severe impact on Hong Kong's exports due to its target markets' sharply contraction.
Double-digit decreases were recorded for Hong Kong's total export volume to Britain (-13.2 percent) and the United States (- 12 percent).
Comparing the first 11 months of 2008 with the same period in 2007, the volume of Hong Kong's goods re-exports rose 5.5 percent, whereas domestic exports plunged 20.6 percent, according to the department.
(Xinhua News Agency January 21, 2009)
