HK's total export of goods down 4.6 pct in September

In September 2015, the values of Hong Kong's total exports and imports of goods both recorded year-on-year decreases, at 4.6 percent and 7.6 percent respectively, the Census and Statistics Department announced Tuesday.

In September 2015, the value of total exports of goods (comprising re-exports and domestic exports) decreased by 4.6 percent over a year earlier to 316.7 billion HK dollars (about 40.86 billion U.S. dollars), after a year-on-year decrease of 6.1 percent in August 2015.

Within this total, the value of re-exports decreased by 4.5 percent to 313.2 billion HK dollars in September 2015, while the value of domestic exports decreased by 13.8 percent to 3.6 billion HK dollars.

Concurrently, the value of imports of goods decreased by 7.6 percent over a year earlier to 353.1 billion HK dollars in September 2015, after a year-on-year decrease of 7.4 percent in August 2015. A visible trade deficit of 36.4 billion HK dollars, equivalent to 10.3 percent of the value of imports of goods, was recorded in September 2015.

For the first nine months of 2015 as a whole, the value of total exports of goods dropped by 1.5 percent over the same period in 2014. Within this total, the value of re-exports decreased by 1.3 percent, while the value of domestic exports decreased by 14.9 percent.

Concurrently, the value of imports of goods decreased by 3.0 percent. A visible trade deficit of 332.1 billion HK dollars, equivalent to 11.1 percent of the value of imports of goods, was recorded in the first nine months of 2015. (1 U.S. dollar = 7.75 HK dollars) Endit