Hong Kong exports up 10.7% in June

Imports also rose by 9% to $429.2b.

Hong Kong’s total export value reached $373.5b in June, a 10.7% increase compared to the same month last year, according to the Census & Statistics Department.

Imports also rose by 9% to $429.2b during the same period, resulting in a trade deficit of $55.7b, or 13% of import value.

On a seasonally adjusted basis, the second quarter of 2024 saw a 1.9% increase in export value, while import value decreased by 0.9% from the previous quarter.

The government also reported a double-digit growth in merchandise exports for June, with notable increases in exports to Mainland China, the United States, and the European Union. Many other major Asian markets also saw growth.

Moreover, the government anticipates that Hong Kong’s export performance will remain positive if external demand continues to be strong amidst ongoing geopolitical and trade uncertainties.