Hong Kong's October export trade value falls 2.8pc, leading to deficit
HONG KONG's total value of exported goods, comprising re-exports and domestic exports, fell 2.8 per cent in October to HK$297 billion (US$38.3 billion), whereas the value of imported goods increased 3.3 per cent over a year earlier to HK$339.7 billion.
This resulted in a trade deficit of HK$42.7 billion, equivalent to 12.6 per cent of the value of imported goods.
The latest figures from the Census and Statistics Department show that the value of re-exports decreased 2.7 per cent to HK$292.2 billion in October, while the value of domestic exports declined 8.2 per cent to HK$4.8 billion.
During the first 10 months of 2012, the value of exported goods rose one per cent over the same period in 2011. Within this total, the value of re-exports increased 1.3 per cent, whereas the value of domestic exports decreased 12.7 per cent. The value of imported goods increased 0.6 per cent. This created a trade deficit of $385.7 billion, equivalent to 12 per cent of the value of imported goods.
DATE:2012.11.30
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