The value of Hong Kong’s total goods exports increased 8.1% year-on-year in November while that of goods imports rose 7.6%, the Census & Statistics Department announced today.
The value of goods exports totalled $340.9 billion. Within this total, the value of re-exports increased 8.2% to $337.1 billion, while the value of domestic exports increased 3.7% to $3.8 billion.
The value of goods imports rose 7.6% to $375 billion.
A visible trade deficit of $34.1 billion, equivalent to 9.1% of the value of goods imports, was recorded in November.
Comparing the three-month period ending November with the preceding three months on a seasonally adjusted basis, the value of total goods exports increased 5%. Within this total, the value of re-exports increased 5% while that of domestic exports went up 5.3%. The value of goods imports increased 3.4%.
The department said the value of goods exports increased notably in November. It put the increase down to more regional trade flows and stronger market performance of the Mainland and across Asia.
However, the external trading environment is still subject to uncertainties caused by events like the US interest rate normalisation, future US trade policy direction and the unfolding Brexit situation.