Hong Kong recorded trade deficit of $25.1bn in February 2011

This is equivalent to 9.9 per cent of the value of imports of goods.

According to Hong Kong Information Services Department, the Census & Statistics Department reported that the values of Hong Kong's total exports and imports of goods increased, on a year-on-year basis, 24.9% and 25.2% respectively.

For January and February as a whole, value of total exports of goods increased by 26.4% y-o-y. Value of re-exports increased 26.8% and value of domestic exports rose by 10.3%.

The value of imports of goods rose by 21.7% and a visible trade deficit of $41.1 billion was recorded. This is equivalent to 7.4% of the value of imports of goods.

Last month, the value of total exports of goods increased by 24.9% y-o-y to $227.8 billion. Value of re-exports rose by 25.2% to $223.3 billion as value of domestic exports also rose by 11.5% to $4.6 billion.

The value of imports of goods increased by 25.2% y-o-y to $253 billion with a visible trade deficit of $25.1 billion.