The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today. The value of imports of goods rose 2.1% to $425.6 billion for the same period. A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month. Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%. The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance. It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth. Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen
Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong’s geographical position as a gateway between the East and West has made it an attractive centre for international trade. As a reflection of this, the heart of Asia’s world city has always been the bustling and beautiful Victoria Harbour. Hong Kong’s 1,104-square-kilometer area comprises Hong Kong Island, which lies to the south of the harbour, the Kowloon Peninsula, which forms its northern shores, the New Territories to the north of Kowloon, which stretch all the way to Mainland China, and more than 200 outlying islands, including Lantau Island, where Hong Kong International Airport is located.
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