Total exports value up 9.4%

2017-10-29 10:23:36

The value of Hong Kong's total goods exports rose 9.4% year-on-year in September, while that of goods imports increased 9.7%, the Census & Statistics Department announced today.

The value of goods exports totalled $358.7 billion. Within this total, the value of re-exports increased 9.4% to $354.8 billion, while that of domestic exports increased 6.5% to $3.9 billion.

The value of goods imports increased 9.7% to $403.4 billion.

A visible trade deficit of $44.7 billion, equivalent to 11.1% of the value of goods imports, was recorded in September.     

For the first nine months of 2017, the value of total goods exports rose 8.5% year-on-year. Within this total, the value of re-exports increased 8.6%, while that of domestic exports went up 1.4%. The value of goods imports increased 8.8%.     

The department said merchandise exports showed robust growth in September year-on-year due to vibrant trade flows in Asia and the improving markets in the US and European Union.

It added the global economic upturn will further boost Hong Kong's exports in the near term.

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