HK's export value falls 22% in January

Hong Kong's value of total exports slipped 21.8 percent in January from a year earlier to 187.8 billion HK dollars (24 billion U.S. dollars), after a year-on-year fall of 11.4 percent in December, the Census and Statistics Department of Hong Kong said Thursday.

The value of re-exports dropped 20.7 percent to 183.6 billion HK dollars, while the value of domestic exports fell 50.6 percent to 4.2 billion HK dollars, said the department.

The value of imports dropped 27.1 percent to 180.5 billion HK dollars. A visible trade surplus of 7.2 billion HK dollars, equivalent to 4 percent of the value of imports of goods, was recorded.

Comparing the three-month period ending January with the preceding three months on a seasonally adjusted basis, the value of total exports slipped 12.3 percent. The value of re-exports dropped 12 percent, while the value of domestic exports went down by 20.5 percent. The value of imports fell 15.8 percent. (1 U.S. dollar = 7.745 HK dollars)

Source:Xinhua