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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

Mar exports value down 8.9%

The value of Hong Kong’s total goods exports decreased to $372.8 billion in March, down 8.9% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 6% to $410 billion for the same period.   A trade deficit of $37.3 billion, or 9.1% of the value of imports, was recorded for the month.   Comparing the first quarter this year with the preceding quarter on a seasonally adjusted basis, the value of total exports decreased 2.9%, while that of imports fell 1.8%.   The Government said the value of merchandise exports turned to a year-on-year decrease in March amid moderating external demand and epidemic-induced disruptions to cross-boundary cargo flows between the Mainland and Hong Kong. A high base of comparison was also relevant.   Exports to the Mainland and the EU fell while those to the US posted decelerated growth. Exports to other major Asian markets saw mixed performance.   Looking ahead, elevated global inflation, major central banks’ monetary policy tightening, as well as heightened geopolitical tensions will continue to weigh on the global economic outlook, posing challenges to Hong Kong’s export performance.   Nonetheless, the stabilised local epidemic of late should be conducive to the gradual alleviation of cross-boundary transportation disruptions, thus rendering some support, the Government added.
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