Hong Kong's total exports dipped 1% to $291.5b

Trade deficit stood at $44.3b.

According to the Census & Statistics Department, Hong Kong's total goods exports fell 1% in value in May over a year earlier to $291.5 billion, after a year-on-year increase of 9% in April.

Within this total, the value of re-exports decreased 0.9% year-on-year to $286.7 billion, while the value of domestic exports decreased 9% to $4.8 billion.

After a year-on-year increase of 7.7% in April, the value of goods imports saw a 1.7% increase year-on-year to $335.8 billion.

A visible trade deficit of $44.3 billion, equivalent to 13.2% of goods imports' value, was recorded in May.

For the first five months of 2013 as a whole, the value of total goods exports rose 3.9% over the same period in 2012. Within this total, re-exports' value increased 4%, domestic exports' value decreased 3.5%, and goods imports' value increased 4.7%.

A visible trade deficit of $197 billion, equivalent to 12.4% of goods imports' value, was recorded in the first five months of 2013.