Hong Kong posts HK$25.4 billion BoP surplus in Q2

Equivalent to 5.2% of GDP.

The Census and Statistics Department said the BoP surplus of HK$25.4 billion compares with a BoP surplus of HK$16.4 billion (as a ratio of 3.2% to GDP) in Q1. Reserve assets correspondingly increased by the same amount in Q2.

The visible trade deficit jumped 32% to HK$94.6 billion in Q2 2013 from HK$71.7 billion in Q2 2012 as imports of goods rose faster than exports,

On the other hand, the invisible trade surplus increased from HK$48.4 billion in Q2 2012 to HK$69.2 billion in the same quarter of 2013 as exports of services increased while imports of services decreased.

Overall, a combined visible and invisible trade deficit of HK$25.3 billion was recorded in Q2 2013, 8.5% larger than that of HK$23.3 billion in the same quarter of 2012.