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].