The values of Hong Kong's total exports and imports in October increased 2.7% and 5.6% year-on-year.
The Census & Statistics Department said the total exports value increased to $331.7 billion. Within this total, the re-exports value increased 2.7% to $327.3 billion and domestic exports value decreased 1.5% to $4.4 billion.
Imports value increased 5.6% to $381.6 billion year-on-year. A visible trade deficit of $49.8 billion, equivalent to 13.1% of the goods imports value, was recorded.
For the first ten months of the year, the total goods exports value rose 3.8% year-on-year. Within this total, re-exports value increased 3.8% and domestic exports value increased 3%.
Goods imports value increased 4.3%. A visible trade deficit of $435.1 billion, equivalent to 12.5% of goods imports value, was recorded in the period.
The department noted that merchandise exports recorded a modest growth in October.
The performance of Hong Kong's exports in the near term will likely continue to be constrained by the modest expansion of the global economy, against the backdrop of the lack of growth in the eurozone and Japan, and geopolitical tensions.
