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Total exports value up 11.4%

July 24, 2014

The values of Hong Kong's total exports and imports in June increased 11.4% and 7.6% year-on-year.

 

The Census & Statistics Department said the total exports value increased to $309.2 billion. Within this total, re-exports value increased 11.4% to $304.4 billion and domestic exports value increased 7.3% to $4.8 billion.

 

Imports value increased to $352.3 billion. A visible trade deficit of $43.1 billion, equivalent to 12.2% of goods import value, was recorded.

 

For the first half of the year, total goods exports value rose 2.8% year-on-year. Within this total, re-exports value increased 2.8% and domestic exports value increased 3.7%.

 

Goods imports value increased 3.3%. A visible trade deficit of $263.2 billion, equivalent to 13.3% of the value of goods imports, was recorded in the period.

 

The department noted that merchandise exports strengthened in June, with most major markets showing better performance.

 

It forecast the advanced economies' recovery, if it gains further momentum, should be supportive to Asia's and also Hong Kong’s exports. But the external environment is still subject to uncertainties, including US monetary policy normalisation, eurozone economies’ sluggish recovery and also geopolitical tensions in various regions of the world.



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