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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

NT LNY fair stalls to be auctioned

The Food & Environmental Hygiene Department today reminded interested parties that the 2022 Lunar New Year fair stalls in the New Territories will be put up for open auction from November 23.   A total of 545 wet goods stalls at nine fairs in the New Territories will be auctioned, but no dry goods or fast food stalls will be offered. Opening prices range from $320 to $2,990.   The nine fairs will be held at Kwai Chung Sports Ground in Kwai Tsing, Sha Tsui Road Playground in Tsuen Wan, Shek Wu Hui Playground in North District, Man Yee Playground in Sai Kung, Po Hong Park in Tseung Kwan O, Yuen Wo Playground in Sha Tin, Tin Hau Temple Fung Shui Square in Tai Po, Tung Tau Industrial Area Playground in Yuen Long, and Tin Hau Temple Plaza in Tuen Mun.   While the bidding for the Tin Hau Temple Plaza fair stalls will take place at Tseng Choi Street Community Hall in Tuen Mun on December 7, the stalls at the remaining eight venues will be put up for separate auctions at the assembly hall on 2/F, Lai Chi Kok Government Offices in Lai Chi Kok from November 23 to December 2.   All auction sessions are scheduled from 9.30am on the respective auction day until the auction is completed, the department noted.
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