Values of HK’s imports and exports up 7.6% & 6.6% in March
Hong Kong Census and Statistics Department announced on Thursday that the values of Hong Kong’s imports and exports of goods posted year-on-year increases of 7.6% and 6.6% respectively in March 2008.
The value of total exports of goods in March rose 7.6% to HK$ 222.5 billion, in which re-export value was HK$ 215 billion, up 7.9%, whereas the value of domestic exports went down by 1.0% to HK$ 7.5 billion. Meanwhile, the import value hit HK$ 250.7 billion, up 6.6% from the same period of 2007. A visible trade deficit in March was HK$ 28.1 billion, accounting for 11.2% of the value of total imports of goods.
The total value of export and re-export goods in the first quarter went up by 10.5%, compared with the corresponding period of 2007, in which re-export value rose by 10.9%, while the value of domestic exports also increased by 0.3%.
Import value in the first Quarter went up by 11.6%. A visible trade deficit in the first Quarter reached HK$ 51.5 billion, equivalent to 7.4% in total import value.
Tags: export, exports, import, imports