Total exports value up 7.3%

2017-08-26 01:01:36

The value of Hong Kong's total goods exports rose 7.3% year-on-year in July, while that of imports increased 5.5%, the Census & Statistics Department announced today.

The value of total exports totalled $326.6 billion. Within this total, the value of re-exports increased 7.4% to $322.9 billion, while the value of domestic exports decreased 5.3% to $3.7 billion.

The value of imports increased 5.5% to $356.2 billion.

A visible trade deficit of $29.6 billion, equivalent to 8.3% of the value of imports, was recorded in July.

For the first seven months of 2017 the value of total exports rose 8.5%. Within this total, the value of re-exports increased 8.6%, while that of domestic exports went up 1.6%. The value of imports increased 8.7%.

The department said merchandise exports continued to grow notably in July over a year earlier, thanks to active regional trade flows amid an improving global economic environment.

It said the moderate expansion of the global economy will continue to render support to Asia's and Hong Kong's exports in the near term.

Read Full Article