|
June saw the value of total goods exports rise to $224.7 billion, up 11.1% on the same month last year. The figure comes after a year-on-year rise of 12.1% in May.
Within this total, the value of re-exports grew 13% to $215 billion while the value of domestic exports fell 18.4% to $9.6 billion.
The value of goods imports rose 13% over a year earlier to $244.1 billion. A visible trade deficit of $19.4 billion, equivalent to 8% of the value of goods imports, was recorded.
For the first six months, the value of total goods exports rose 10.4%. Within this total, the value of re-exports grew 12.7% while the value of domestic exports dropped 25.8%. The value of goods imports rose 10.9%. A visible trade deficit of $94.6 billion, equivalent to 7.1% of the value of goods imports, was recorded.
The Census & Statistics Department said further weakening of the Hong Kong and US dollars in recent months has helped export competitiveness.
The near-term outlook will hinge on how the Mainland economy will be affected by further tightening measures, whether a soft landing of the US economy is likely, and if the economies in Europe and Asia can maintain growth pace. Exchange-rate movements are also factors to watch.
Go To Top
|
