Hong Kong Exports
Value of Hong Kong exports drop by 1.4% to $388.1b
The value of exports has fallen behind the value of imports.
The value of Hong Kong exports dropped by 1.4% to $388.1b in May, falling behind the value of imports which rose 1.3% to $424.8b, the Census & Statistics Department said.
Given the decline in export value, the trade deficit clocked at $36.7b or 8.6% of the value of imports.
According to the government, the value of exports declined in May as the “global economy faced increasing headwinds.” It added that exports to the Mainland also fell further in the same month.
Looking ahead, the government said the “worsened global economic prospects will continue to weigh on the city’s export performance.”
“The step-up in monetary policy tightening by many major central banks, the development of the Ukraine situation as well as the pandemic’s lingering threat also add uncertainties,” it added.
Value of Hong Kong exports drop by 1.4% to $388.1b
The value of exports has fallen behind the value of imports.
The value of Hong Kong exports dropped by 1.4% to $388.1b in May, falling behind the value of imports which rose 1.3% to $424.8b, the Census & Statistics Department said.
Given the decline in export value, the trade deficit clocked at $36.7b or 8.6% of the value of imports.
According to the government, the value of exports declined in May as the “global economy faced increasing headwinds.” It added that exports to the Mainland also fell further in the same month.
Looking ahead, the government said the “worsened global economic prospects will continue to weigh on the city’s export performance.”
“The step-up in monetary policy tightening by many major central banks, the development of the Ukraine situation as well as the pandemic’s lingering threat also add uncertainties,” it added.
Exports rise for the first time in 12 months
It grew 6.3 points to 30.9 points in the second quarter of 2022.
Hong Kong’s total exports to China down by 6.8% YoY in Q1
This translates to a total of $125.5b worth of exports.
Hong Kong sees exports rise 1.1% in April
Total exports of goods stood at $389b.
Export growth to slow down to 8% in 2022: HKTDC
Export growth in 2022 will be affected by four factors.
Merchandise trade to slow down in next months: report
Growth may be dragged by the spread of the Delta variant of COVID-19.
Hong Kong exports rise 26.1% in June
Its total imports also went up 25.6% in the same month.
Exports grow 'strongly' by over 30% to $406.6b in June
The recent surge, however, may dampen recovery in some markets.
Hong Kong exports rise by 17.7% in May
Its total import also climbed 20.1%.
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