Exports, imports values up

Value of total goods exports increased 9.3% while value of goods imports jumped 10.2% compared to July 2010.

The Census & Statistics Department said the value of total goods exports rose 9.3% over a year earlier to $286.2 billion, after a year-on-year increase of 9.2% in June. A report by the Department noted that the value of goods imports rose 10.2% over a year earlier to $322.1 billion, after a year-on-year increase of 11.5% in June.

The report said more notable increases were recorded in exports to such Asian markets as Vietnam, India, Thailand, Taiwan and Korea. Meanwhile exports to the Mainland, Japan and Singapore grew modestly. It was noted as well that exports to the US fell for a third straight month.

A Government spokesman commented that the external environment remains highly uncertain, given the fragile economic conditions of the advanced economies, although the Asian region as a whole is still resilient.