This undated photo shows the Kwai Tsing Container Terminals in Hong Kong. (XINHUA)

HONG KONG - The volume of Hong Kong’s total goods exports increased 1.5 percent year-on-year in November, according to official data released on Tuesday.

The volume of goods imports for the month also rose 2.6 percent compared to the same period in 2022. The prices of goods exports and imports both increased 5.5 percent percent and 4.1 percent, respectively, data from the city’s Census and Statistics Department showed.

Comparing the first eleven months of 2023 with the same period in 2022, the volume of Hong Kong's total exports of goods and imports of goods decreased by 13.1 percent and 10.6 percent, respectively

On a seasonally adjusted basis, the volume of goods exports increased 4.3 percent in the three months ending in November compared with the previous rolling three-month period, while the volume of goods imports also rose by 4.0 percent.

Comparing the first eleven months of 2023 with the same period in 2022, the volume of Hong Kong's total exports of goods and imports of goods decreased by 13.1 percent and 10.6 percent, respectively.

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The prices of total exports of goods rose 4.4 percent during the same 11-month period while the prices of imports of goods also went up by 3.8 percent.

The trade index, which measures the ratio of the price index of total exports of goods to that of imports of goods, increased by 1.3 percent in November and 0.6 percent in the first 11 months of last year.

Increases were recorded in November for the total export volume to India (12.2 percent), the Chinese mainland (7.2 percent), Vietnam (6.6 percent) and the United States (2.1). On the other hand, the total export volume to Taiwan region decreased by 4.6 percent.

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During the same period, the total export prices to all main destinations increased, including to India (8.1 percent), the mainland (7.6 percent), Vietnam (6.1 percent), Taiwan region (2.5 percent) and the US (2.1 percent).