Hong Kong April total imports up 6.1%, exports up 4.1%

A visible trade deficit of $42.4bn, 14.4% of the value of goods imports, was recorded.

The values of Hong Kong’s total goods exports and imports both recorded year-on-year increases in April, at 4.1% and 6.1%, the Census & Statistics Department said on Thursday.

During the month, the value of total goods exports, comprising re-exports and domestic exports, increased 4.1% over a year earlier to $252 billion, after a year-on-year increase of 21.5% in March.

Within this total, the value of re-exports increased 4% to $246.1 billion, while the value of domestic exports rose 7.7% to $6 billion. Concurrently, the value of goods imports increased 6.1% over a year earlier to $294.5 billion, after a year-on-year increase of 18.8% in March.

A visible trade deficit of $42.4 billion, equivalent to 14.4% of the value of goods imports, was recorded.

For the first four months of the year as a whole, the value of total goods exports rose 19% over a year earlier. Within this total, the value of re-exports increased 19.1%, while the value of domestic exports increased 10.9%. Concurrently, the value of goods imports increased 16.6%.

A visible trade deficit of $123.4 billion, equivalent to 10.6% of the value of goods imports, was recorded in the first four months.

Comparing the three-month period ending in April with the preceding three months on a seasonally adjusted basis, the value of total goods exports rose 5%. Within this total, the value of re-exports increased 5%, while the value of domestic exports went up 4.3%. The value of goods imports increased 4.3%.