Hong Kong's total exports up 11.1%

Whilts goods imports rose 10.4%.

The value of Hong Kong's total goods exports rose 11.1% year-on-year in June, while that of goods imports increased 10.4%, the Census & Statistics Department announced.

The value of total exports of goods totalled $329.4 billion. Within this total, the value of re-exports increased 11.2% to $325.7 billion, while the value of domestic exports rose 2.4% to $3.7 billion.

The value of goods imports increased 10.4% to $377.7 billion.

A visible trade deficit of $48.3 billion, equivalent to 12.8% of the value of imports of goods, was recorded in June.

For the first half of 2017 the value of total exports of goods rose 8.8%. Within this total, the value of re-exports increased 8.8%, while that of domestic exports went up 3.2%. The value of goods imports increased 9.4%.

The department said the value of merchandise exports picked up visibly and showed double-digit growth in June over a year earlier, amid sustained expansion in global economic activity.

It said sustained growth in the global economy will render further support to Hong Kong's external trade.