Statistics

HK total imports, exports jump in June

(Xinhua)
Updated: 2010-07-28 10:43

HONG KONG - The value of Hong Kong's total exports and imports of goods in June grew 26.7 percent and 31 percent year-on-year, reflecting the robust growth of Asian markets and the gradual recovery in the advanced economies, the city's Census and Statistics Department said Tuesday.

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The value of total exports, comprising re-exports and domestic exports, rose 26.7 percent to HK$267.6 billion ($34.45 billion) in June, after a year-on-year increase of 24.4 percent in May. The value of re-exports rose 26.8 percent to HK$261.7 billion, while the value of domestic exports rose 25.3 percent to HK$5.9 billion.

During the same period, the value of imports grew 31 percent to HK$298.2 billion, up from the May figure of 29.7 percent. A visible trade deficit of HK$30.6 billion, equivalent to 10.3 percent of the value of imports of goods, was recorded.

However, the Statistics department warned the level of uncertainty in the external trading environment remains high, particularly in view of the austerity measures to be implemented in many European economies as well as the fading of the boosting effect from the earlier stimulus measures in the US economy, which could be stressful for further growth of HK's exports.