Chart 5
Chart 6
Per cent
15
10
5
0
-5
-10
3
The Economy
Hong Kong's Goods Trade
(year-on-year rate of change in volume terms)
Imports of goods
Total exports of goods
-15
T
Q1 Q2 Q3 Q4 Q1
Q2 Q3 Q4 QI
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Q2 Q3 Q4
2016
2017
2018
2019
2020
Merchandise exports picked up over the course of 2020 but still fell slightly for the year as a whole.
Hong Kong's Services Trade (year-on-year rate of change in real terms)
Per cent
15
10
5
0
-5
-10
-15
-20
Exports of services
Imports of services
-25
-30
-35
-40
-45
-50
T
T
T
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016
2017
2019
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2018
2020
Exports of services plummeted in 2020.
Note: Exports and imports of services are compiled based on the
change of ownership principle.
Imports of services declined markedly by 34.1 per cent in real terms in 2020, after rising 0.1 per cent in 2019. Imports of travel services dived amid stringent travel restrictions and quarantine measures worldwide during most of the year. Imports of transport services fell
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