Exports value hit $384.5b in March

It rose 4.7% YoY.

The value of exports rose 4.7% YoY in March to $384.5b, the Census And Statistics Department (C&SD) reported.

The total value of imported goods also increased in March, rising by 5.3% to $429.5 billion.

Despite an uptick in exports and imports, the trade deficit clocked at $45b. The trade deficit is equivalent to 10.5% of the value of imports.

On a seasonally adjusted basis, the value of exports and imports in 1Q24 rose 5.7% and 3.1%, respectively, compared to 4Q23.

The value of merchandise exports and exports to the mainland also grew in March, while exports to the US and the European Union fell.

Despite an uptick in exports and imports, the trade deficit clocked at $45b. The trade deficit is equivalent to 10.5% of the value of imports.

Hong Kong’s export performance is expected to be supported by the growing external demand despite ongoing geopolitical tensions and tight financial conditions.

Follow the link for more news on

commerce and trade

Also Read

Consumer prices inch up by 1.4% YoY in October

HK urged to deepen financial reform and innovation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit