In accordance with international statistical standards, the import statistics of Hong Kong are valued on cost, insurance and freight (c.i.f.) basis. Yet, import statistics valued on free on board (f.o.b.) basis are also useful for certain analytical purposes.
Since 1996, the Census and Statistics Department has been compiling an additional set of import statistics measured on f.o.b. basis to facilitate analysis on merchandise trade balance and comparison of trade statistics with other economies.
This article introduces the concept and application of imports statistics measured on f.o.b. basis, and analyses the related statistics for 2017.