Statistics

HK exports by land rise 11.6% annually between 1999-2009

(Xinhua)
Updated: 2010-05-21 10:34

HONG KONG - The value of Hong Kong's total exports transported by land had recorded an average annual growth rate of 11.6 percent in the last 10 years, rising from HK$299.4 billion?($38.4 billion) in 1999 to HK$894.3 billion last year, the city's Census and Statistics Department said Thursday.

Land had replaced sea as the most important mode of transport in Hong Kong's total exports since 2007, according to an article run by the Monthly Digest of Statistics-May edition.

In the past 10 years, the proportion of land mode of transport in the total exports value climbed from 22.2 percent to 36.2 percent, gradually surpassing the significance of sea transport -- of which the proportion fell from 49.6 percent to 27.9 percent.

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Hong Kong's imports last year, however, were mainly transported by air. The imports value grew from HK$366.1 billion in 1999 to HK$1.054 trillion last year, representing an 11.2- percent average annual growth rate.

During the period, the proportion of air mode of transport in the imports value rose from 26.3 percent to 39.1 percent, taking up the leading position as the most important mode of transport in the city's imports since 2003.

Analyzed by major trading partner, China's Mainland has replaced the U.S. as the largest destination of Hong Kong's total exports by air since 2005, with the value going up from HK$24.7 billion to HK$194.9 billion over the past decade.

During the same period, the total exports value by land to the Mainland also rose, from HK$299.4 billion to HK$879.4 billion, meaning an average annual growth rate of 11.4 percent.