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Apr exports value up 1.1%

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

Property sales up 19.9%

The Land Registry recorded 9,067 sale and purchase agreements for all building units received for registration in March, up 19.9% from February and 99.1% higher year-on-year.   The total consideration for such agreements rose 21.3% from February to $78 billion, representing a 117.9% year-on-year increase.   Of the agreements, 7,444 were for residential units in March, up 21.5% from February and 92.4% higher than a year ago.   The total consideration of residential units was $69.3 billion, a rise of 21.8% compared with February and up 118.4% from March 2020.   There were 541,242 land register searches last month.
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