Core Viewpoint - Hong Kong's port cargo throughput in Q3 2025 decreased by 5.6% year-on-year, totaling 41.3 million metric tons, with inbound cargo down 11.0% and outbound cargo up 3.8% [1] Port Cargo - In Q3 2025, the total port cargo included a 6.7% decline in sea freight and a 3.7% decline in river freight, amounting to 25.5 million metric tons and 15.8 million metric tons respectively [2] - For the first nine months of 2025, sea freight and river freight also saw declines of 5.7% and 5.6%, totaling 77.9 million metric tons and 46.9 million metric tons respectively [2] - Major countries with significant inbound cargo changes in Q3 included Thailand (up 12.2%) and Chile (down 49.1%), while Australia (up 53.8%) and the US (down 48.8%) were notable for outbound cargo [2] - In the first nine months, Vietnam (down 26.2%) and South Korea (down 25.4%) had significant declines in inbound cargo, while Australia (up 35.7%) and mainland China (up 11.9%) showed strong growth in outbound cargo [3] Cargo Types - In Q3 2025, notable inbound cargo changes included "metal ores and metal waste" (up 14.7%) and "coal, coke, and coal balls" (down 13.6%), while outbound cargo saw "stone, sand, and gravel" increase by 100.2% [3][4] - For the first nine months, "metal ores and metal waste" increased by 22.4% inbound, while "stone, sand, and gravel" decreased by 31.8% outbound [4] Container Handling - In Q3 2025, Hong Kong's ports handled 3.1 million standard containers, a decrease of 9.1% year-on-year, with loaded and empty containers down 8.8% and 10.1% respectively [5] - For the first nine months, container handling totaled 9.68 million standard containers, down 4.9%, with loaded containers down 5.9% [5] - Seasonally adjusted loaded container throughput in Q3 showed a quarterly decline of 3.8% [5] Shipping Vessels - In Q3 2025, the number of incoming ocean-going vessels increased by 6.4% to 4,793, with total capacity rising by 2.1% to 72.7 million net tons [7] - For the first nine months, incoming ocean-going vessels rose by 4.2% to 14,199, with total capacity up 0.9% [7]

Core Insights - The Hong Kong port's cargo throughput in Q2 2025 decreased by 7.5% year-on-year, totaling 42.4 million metric tons [1] - The total cargo throughput for the first half of 2025 also saw a decline of 5.7% compared to the same period last year, amounting to 83.5 million metric tons [1] Cargo Statistics - In Q2 2025, the volume of sea and river cargo fell by 6.6% and 8.8% year-on-year, reaching 26.5 million metric tons and 15.9 million metric tons respectively [2] - For the first half of 2025, sea and river cargo volumes decreased by 5.2% and 6.6%, totaling 52.4 million metric tons and 31.1 million metric tons respectively [2] Country/Region Analysis - In Q2 2025, Singapore recorded a significant increase of 31.8% in incoming cargo, while Indonesia saw a drastic decline of 39.9% [2] - For the first half of 2025, Chile and Singapore also showed notable increases in incoming cargo by 12.5% and 11.4% respectively, while Indonesia and Vietnam experienced declines of 27.3% and 26.9% [3] Commodity Trends - In Q2 2025, the main commodities with significant changes in incoming cargo included "metal ores and scrap" (up 28.7%) and "coal, coke, and briquettes" (down 42.3%) [4] - For the first half of 2025, "metal ores and scrap" increased by 26.8%, while "stone, sand, and gravel" decreased by 34.0% [4] Container Statistics - In Q2 2025, Hong Kong's ports handled 3.2 million standard container units, a decrease of 7.0% year-on-year [5] - The total number of containers handled in the first half of 2025 was 6.58 million standard container units, down 2.8% from the previous year [5] Seasonal Adjustments - Seasonally adjusted container throughput in Q2 2025 fell by 8.5% compared to the previous quarter [6] - The volume of sea and river cargo containers also saw declines of 5.1% and 6.9% year-on-year [6] Vessel Arrivals - In Q2 2025, the number of incoming ocean-going vessels increased by 7.3% year-on-year, totaling 4,900 vessels, with total capacity rising by 4.5% to 74 million net tons [7] - For the first half of 2025, incoming ocean-going vessels rose by 3.1%, reaching 9,406 vessels [7]

Core Viewpoint - The Hong Kong government's statistics for the first quarter of 2025 indicate a decline in port cargo throughput compared to the same period last year, with specific variations in inbound and outbound cargo volumes [1][2]. Port Cargo - In the first quarter of 2025, Hong Kong's port cargo throughput decreased by 3.9% year-on-year, totaling 41.1 million metric tons [1]. - Inbound cargo fell by 10.8% to 24.5 million metric tons, while outbound cargo increased by 8.6% to 16.6 million metric tons [1]. - Seasonal adjustments show a quarterly increase of 2.6% in total cargo throughput, with inbound cargo down by 1.3% and outbound cargo up by 8.9% [1]. Specific Cargo Trends - Sea and river cargo volumes decreased by 3.7% and 4.2% year-on-year, amounting to 25.9 million metric tons and 15.2 million metric tons, respectively [2]. - Notable increases in inbound cargo were recorded from Chile (up 33.3%), while significant declines were seen from Vietnam (down 30.6%), Taiwan (down 23.9%), and several other countries [2]. - Outbound cargo saw significant increases from Australia (up 28.3%), Taiwan (up 22.8%), and mainland China (up 22.5%), while declines were noted from the US (down 31.9%) and the Philippines (down 30.6%) [2]. Specific Goods Trends - Major inbound goods with significant changes included "metal ores and metal waste" (up 24.9%), while "artificial resins and plastics" (down 15.0%) and "stones, sand, and gravel" (down 37.7%) showed notable declines [3]. - Outbound goods with significant changes included "stones, sand, and gravel" (up 122.9%) and "metal ores and metal waste" (up 15.6%), while "artificial resins and plastics" decreased by 20.6% [3]. Container Statistics - In the first quarter of 2025, Hong Kong handled 3.37 million standard container units, an increase of 1.6% year-on-year [4]. - Loaded containers decreased by 3.3% to 2.58 million units, while empty containers rose by 21.2% to 800,000 units [4]. - Seasonal adjustments indicated a quarterly increase of 1.6% in loaded container throughput, with inbound loaded containers up by 3.3% and outbound loaded containers down by 0.4% [4]. Vessel Arrivals - The number of inbound ocean-going vessels decreased by 1.1% year-on-year to 4,506 vessels, with total capacity down by 3.8% to 70.8 million net tons [5]. - Inbound river vessel arrivals fell by 0.7% to 19,800 vessels, while total capacity increased by 22.6% to 2.31 million net tons [5].