Hong Kong's total exports' value in May decreased 4.6% while the value of imports dropped 4.7% year-on-year, the Census & Statistics Department announced today.
The value of total goods exports decreased to $291.8 billion from a year earlier, after a year-on-year increase of 2.2% in April.
Within this total, the value of re-exports decreased 4.4% to $287.6 billion, while domestic exports decreased 19.6% to $4.3 billion. The value of goods imports fell 4.7% to $331.9 billion, after a year-on-year decrease of 2.9% in April.
A visible trade deficit of $40.1 billion, equivalent to 12.1% of the value of goods imports, was recorded in May.
Comparing the three-month period ending May with the preceding three months on a seasonally adjusted basis, the value of total goods exports decreased 1.4%. Within this total, the value of re-exports decreased 1.3%, while that of domestic exports fell 9.8%. The value of goods imports dropped 4.2%.
