Hong Kong's exports up 24.9% in February

10:01, March 25, 2011      

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Hong Kong's total exports of goods rose 24.9 percent year on year in February to 227.8 billion HK dollars (29.2 billion U.S. dollars), and the re-exports of goods grew 25.2 percent from a year ago to 223.2 billion HK dollars, local authorities announced on Thursday.

The Census & Statistics Department of Hong Kong said the volume of imports increased 25.2 percent in February from one year earlier to 253.0 billion HK dollars, bringing the trade deficit to 25.1 billion HK dollars.

The total export to the Chinese mainland advanced 37.7 percent. Goods sold to Vietnam, India and Thailand jumped 57.6 percent, 43.6 percent and 40.7 percent respectively.

Total shipments to Germany climbed 10.4 percent, while exports to the United States decreased 4.4 percent, following the 14.8 percent drop in the United Kingdom.

The government spokesman said in the statement that Hong Kong's exports should continue to benefit from the vibrant economic conditions in Asia and further recovery in the United States and the Euro zone.

However, considerable uncertainties remain in the external environment, including geopolitical tensions in the Middle East and North Africa and possible repercussions from the earthquake in Japan. (1 U.S. dollar = 7.795 HK dollars)

Source: Xinhua
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