Hong Kong's total exports’ and imports’ value in January recorded year-on-year increases of 2.8% and 7.9%, the Census & Statistics Department announced today.
Total goods exports' value increased to $311.9 billion from a year earlier, after a year-on-year increase of 0.6% in December 2014.
Within this total, re-exports’ value increased 2.8% to $307.4 billion, while domestic exports’ value rose 3.9% to $4.5 billion. Goods imports’ value increased 7.9% over a year earlier to $348.9 billion, after a 1.9% year-on-year increase in December 2014.
A visible trade deficit of $37 billion, equivalent to 10.6% of goods imports’ value, was recorded in January.
Comparing the three-month period ending January 2015 with the preceding three months on a seasonally adjusted basis, total goods exports’ value dropped 3.1%. Within this total, re-exports’ value dropped 3.1%, while domestic exports’ value dropped 4.8%. Goods imports’ value dropped 3%.