Hong Kong's total exports' value in October fell 3.7% year-on-year while the value of imports dropped 8.5%, the Census & Statistics Department announced today.
The value of total goods exports decreased to $319.6 billion from a year earlier, after a year-on-year decrease of 4.6% in September.
Within this total, the value of re-exports decreased 3.5% to $316 billion, while domestic exports decreased 18.2% to $3.6 billion. The value of goods imports fell 8.5% to $349.2 billion, after a year-on-year decrease of 7.6% in September.
A visible trade deficit of $29.6 billion, equivalent to 8.5% of goods imports value, was recorded in October.
Comparing the three-month period ending October with the preceding three months on a seasonally adjusted basis, the value of total goods exports dropped 2.8%. Within this total, the value of re-exports decreased by 2.8%, while that of domestic exports fell 7.3%. The value of goods imports dropped 4.2%.
