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Apr exports value down 13%

The value of Hong Kong's total exports decreased to $338.3 billion in April, down 13% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods decreased 11.9% to $374.9 billion for the same period.   A trade deficit of $36.6 billion, or 9.8% of the value of imports, was recorded in April.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of exports rose 15.4%, while that of imports increased 10.7%.   The Government noted that the value of merchandise exports declined further from a year earlier in April. Exports to the Mainland, the US and the European Union all shrank and exports to other major Asian markets recorded decreases of varying degrees.   Looking ahead, it added that the weakness in the advanced economies will continue to weigh on Hong Kong's export performance, though the expected faster recovery of the Mainland economy should

August exports value up 25.9%

The value of Hong Kong’s total goods exports increased to $433.7 billion in August, up 25.9% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods jumped 28.1% to $460 billion for the same period.   A trade deficit of $26.3 billion, or 5.7% of the value of imports, was recorded for the month.   Comparing the three-month period ending August with the preceding three months on a seasonally adjusted basis, the value of exports increased 3.3%, while that of imports rose 3.7%.   The Government said the value of merchandise exports sustained notable year-on-year growth in August.   Exports to the Mainland, the US, the EU and many other Asian economies showed visible increases.   The total merchandise trade value amounted to $6.5099 trillion for the first eight months of the year, surpassing the high in the same period in 2018 by 12.8%, it added.   Looking ahead, the global economic recovery and vibrant regional trade flows should continue to support Hong Kong’s export performance in the near term.   However, the uncertainties on the economic outlook cast by the COVID-19 pandemic development, China-US relations and heightened geopolitical tensions also warrant attention, the Government noted.
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