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September exports rise 3.6%

October 27, 2016

The value of Hong Kong's total exports in September rose 3.6% year-on-year while the value of imports rose 4.1%, the Census & Statistics Department announced today.

 

The value of total goods exports increased to $328 billion from a year earlier, after a year-on-year increase of 0.8% in August.

 

Within this total, the value of re-exports increased 3.6% to $324.3 billion, while the value of domestic exports increased 2.9% to $3.7 billion.

 

The value of goods imports rose 4.1% to $367.7 billion after a year-on-year increase of 2.8% in August.

 

A visible trade deficit of $39.7 billion, equivalent to 10.8% of the value of imports of goods, was recorded in September.

 

Comparing the third quarter ending September with the preceding quarter on a seasonally adjusted basis, the value of total goods exports increased 1.3%. Within this total, the value of re-exports increased 1.2% while that of domestic exports went up 10.5%. The value of goods imports increased 3.6%.

 

The department noted merchandise exports picked up to show moderate year-on-year growth in value terms in September. Exports to the Mainland and many major Asian markets registered expansion of varying degrees, rendering the key growth impetus.

 

Looking ahead, it said the external environment is still fraught with considerable uncertainties, including those arising from the fragile recoveries of some advanced economies, monetary policy divergence among major central banks, the unfolding Brexit event and heightened geopolitical tensions in various regions.

 

The Government will monitor the situation closely, it added.



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