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HK Sees Marked Increase in External Trade
Hong Kong's total exports and imports showed a marked increase in August, according to figures released Tuesday by the Census and Statistics Department.
The figures showed that the value of total exports of goods (comprising re-exports and domestic exports) increased strongly, by 18.2 percent in August over a year earlier to 147 billion Hong Kong dollars (18.84 billion U.S. dollars). Within this total, the value of re-exports surged by 19.5 percent, while that of domestic exports increased by 9.1 percent.
The value of imports also soared by 23.4 percent over a year earlier to 150.4 billion Hong Kong dollars (19.28 billion U.S. dollars).
Commenting on the rapid growth, a Government Secretariat spokesman noted that total exports of goods continued to put up a robust performance, underpinned by strong import absorption in all the major overseas markets.
Also, the intake of imports of goods for local use rose markedly further, reflecting the pick-up in domestic demand, the spokesman said.
For the first eight months this year as a whole, the value of total exports of goods increased considerably, by 17.2 percent over a year earlier. Within this total, the value of re-exports increased by 18.5 percent, and that of domestic exports by 8.3 percent.
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