HK's Export Grows 7.6 pct in July

Home>>Business

Last updated at: (Beijing Time) Wednesday, August 27, 2003

HK's Export Grows 7.6 pct in July

DISCUSSION

CHINESE

SEND TO FRIEND

The value of total exports of goods of Hong Kong increased 7.6 percent over a year earlier to 157.6 billion Hong Kong dollars (20.2 billion US dollars), after ayear-on-year increase of 14 percent in June, the Hong Kong Census and Statistics Department released Tuesday.

Within this total, the value of re-exports increased 9.1 percent to 145.3 billion Hong Kong dollars, but the value of domestic exports fell 7.1 percent to 12.2 billion Hong Kong dollars.

The value of imports of goods rose 5.6 percent to 159.9 billionHong Kong dollars, after a year-on-year increase of 11.5 percent in June. Import intake for local use fell again in July 2003, as local demand at the time had yet to return to normal.

Matching the fall in imports for local use against the rise in total exports, the visible trade deficit narrowed in July to 2.3 billion Hong Kong dollars, equivalent to 1.4 percent of the value of goods imports.

This was considerably smaller than the corresponding deficit of5 billion Hong Kong dollars, equivalent to 3.3 percent of the value of goods imports recorded in the same month in 2002.

For the first seven months of 2003 as a whole, the value of total exports of goods rose markedly, by 13.5 percent over the same period in 2002. Within this total, the value of re-exports surged 15.8 percent, but the value of domestic exports shrank 10.2percent.

The value of imports of goods also increased significantly, by 12.1 percent. A visible trade deficit of 35.3 billion Hong Kong dollars, equivalent to 3.6 percent of the value of imports of goods, was recorded in the first seven months of 2003. This was smaller than that of 42.3 billion Hong Kong dollars in the same period last year.

Questions?Comments? Click here

HK's GDP Expected to Grow 4.6 Percent This Year

US Conducts Land-based Missile Test ( 2 Messages)

Chinese Personages Appeal to Japan to Face up to History ( 2 Messages)

Disgraced Official Highlights Chinks in System ( 3 Messages)

Beijing's Economy Forecast to Grow 9-10 Percent in 2003 ( 2 Messages)

China Puts New Anti-AIDS Drug in Clinical Use ( 2 Messages)