HK’s port cargo throughput rises 3% in 2007

The cargo throughput handled by Hong Kong in 2007 rose 3 percent year on year to 245.4 million tons according to the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government.

Within this total, inward port cargo recorded little change at 141.3 million tons, while outward port cargo grew by 8 percent to 104.1 million tons, the Census and Statistics Department said.

Total port cargo throughput in the fourth quarter rose 7 percent year on year to 65 million tons, within which inward cargo rose by 2 percent to 36.7 million tons, while outward port cargo added 13 percent to 28.3 million tons.

Source:Shanghai Daily

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Trade at Shanghai port up 20% in 1st two months

 Foreign trade in  Shanghai port rose 20.3 percent year-on-year to 91.06 billion U.S. dollars in the first two months of 2008.

The figure accounted for 24.9 percent of the country’s total trade value of 365.93 billion U.S. dollars from January to February.

Exports climbed 17.2 percent, 20.7 percentage points lower than the period from a year earlier, to 58.59 billion U.S. dollars. Mechanical and electronics products accounted for around 60 percent of total exports.

Imports jumped 26.3 percent, 10.8 percentage points higher from the same period last year, to 32.47 billion U.S. dollars.

The surplus rose 7.6 percent to 26.12 billion U.S. dollars. The rate was 66.1 percentage points lower from a year ago.

Export growth slowed as the Spring Festival holiday and the strongest winter blizzards in five decades closed factories and disrupted transport. The government policies introduced last year to reduce surging surplus also contributed to the slower pace, as shown in the steel and garment sectors.

Imports, however, accelerated their pace as China bought more commodities and farm produce at higher prices. Through the Shanghai port 549,000 tons of agricultural products were imported in the two months, an annual increase of nearly 30 percent. Their average price was up 24.7 percent from a year earlier.

March 16 (Xinhua)

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