Hong Kong's exports surge 33% in June


HONG KONG (China Daily/ANN): The value of Hong Kong's total goods exports increased to HK$406.6 billion in June, up 33 per cent on the same month last year, the Hong Kong Special Administrative Region government said Monday (July 26).

In a statement, the government said data from the Census and Statistics Department showed that the value of imports of goods also increased 31.9 per cent to HK$447.1 billion during the same period.

The HKSAR recorded a trade deficit of HK$40.5 billion, or 9 per cent of the value of imports of goods, the government said.

For the first half of 2021, the value of total exports of goods increased by 30.0 per cent over the same period in 2020, it added.

Comparing the second quarter of 2021 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods decreased by 1.9 per cent while the value of imports of goods increased by 1.7 per cent.

A government spokesman said the growth of exports to the mainland, the US and the EU all accelerated while those to other Asian markets expanded by varying degrees.

Looking ahead, the improved external environment should continue to support Hong Kong's export performance in the near term although the recent surge of Covid-19 mutant infections may hinder the pace of economic recovery in some major markets, the government said, adding that it will monitor the situation closely. - China Daily/Asia News Network

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