Hong Kong's total exports' value in July fell 1.6% year-on-year while the value of imports dropped 5.2%, the Census & Statistics Department announced today.
Total goods exports value decreased to $320.9 billion from a year earlier, after a year-on-year decrease of 3.1% in June.
Within this total, the value of re-exports decreased 1.3% to $316.7 billion, while domestic exports decreased 19% to $4.1 billion. The value of goods imports fell 5.2% to $349.3 billion, after a year-on-year decrease of 2% in June.
A visible trade deficit of $28.4 billion, equivalent to 8.1% of goods imports value, was recorded in July.
Comparing the three-month period ending July with the preceding three months on a seasonally adjusted basis, the value of total goods exports increased by 0.9%. Within this total, the value of re-exports increased by 1%, while that of domestic exports fell 3%. The value of goods imports dropped 0.6%.
