Economy > Trade

Hong Kong's exports down 1.3 pct in June

Xinhua News,HONG KONG
2020-07-27 23:12

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HONG KONG, July 27 (Xinhua) -- The value of Hong Kong's total exports decreased to 305.6 billion HK dollars (about 39.35 billion U.S. dollars) in June, down 1.3 percent compared with the same month last year, the Census & Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government announced on Monday.

The value of imports of goods dropped 7.1 percent to 338.9 billion HK dollars year-on-year in the same month.

A trade deficit of 33.3 billion HK dollars, or 9.8 percent of the value of imports, was recorded for the period.

Comparing the second quarter of this year with the preceding quarter on a seasonally adjusted basis, the value of exports rose 5.8 percent while that of imports increased by 0.3 percent.

A spokesman for the HKSAR government said that looking ahead, the continued spread of COVID-19 in parts of the world is still a key threat to the global economic outlook.

In face of a challenging external environment, Hong Kong's merchandise export performance will likely remain constrained in the near term, said the spokesman. (1 U.S. dollar = 7.75 HK dollars)
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