October exports soars 13.9% while imports up 14%

Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.

In October the values of Hong Kong's total goods exports and imports of goods rose 13.9% and 14%.
According to figures released by the Census & Statistics Department on Thursday, the value of total goods exports

in October rose 13.9% over a year earlier to $274.2 billion, following September's corresponding 24.1% increase.
The value of re-exports rose 13.9% to $268.2 billion in October, while the value of domestic exports rose 11.2% to $6 billion.

The value of goods imports went up 14% over a year earlier to $296.4 billion in October. A visible trade deficit of $22.3 billion,, equivalent to 7.5% of the value of goods imports, was recorded.

For the year’s first 10 months, the value of total goods exports rose 24.6% over the same period last year. The value of re-exports increased 24.7%, while the value of domestic exports increased 20.6%.

Meanwhile, the value of goods imports fell 27.2%. A visible trade deficit of $267.1 billion, equivalent to 9.6% of the value of goods imports, was recorded in this year’s first 10 months.

Comparing the three-month period ending in October with the preceding three months on a seasonally adjusted basis, the value of total goods exports rose 1%. Within this total, the value of re-exports increased 1.2%, whereas the value of domestic exports went down 6.4% and the value of goods imports fell 1.2%.