Exports value eases to 4.7% YoY in September

In August, exports value rose 6.4% YoY.

The value of exports rose 4.7% YoY to $398.1b in September, easing from the 6.4% YoY growth in August.

Principal commodity divisions which registered increases in export value include  "office machines and automatic data processing machines" (by $19.3b or +52.8%).

Data from the Census & Statistics Department (C&SD) also showed that total exports to Asia grew by 6.9% YoY.

Outside Asia, the Netherlands (+16.4%) recorded an increase in the value of total exports.

The value of imports likewise increased in September, rising by 1.4% YoY to $451.3b.

With the uptick in exports and imports, the trade deficit hit $53.2b or 11.8% of the value of imports.

The government believes improved Mainland economic prospects should support Hong Kong’s export performance.