Hong Kong exports slump 1.2% in January

While imports spiked 2.7%.

The latest figures from the Census & Statistics Department revealed that the value of Hong Kong’s total goods exports dropped 1.2% year-on-year in January, while that of goods imports decreased 2.7%.

The total value of goods exports totalled $296.3b. Within this total, the value of re-exports decreased 1.1% to $293.1b, while the value of domestic exports dropped 5.3% to $3.2b. On the other hand, the value of goods imports declined to $308b.

The Census & Statistics Department noted that the value of goods exports decreased slightly year-on-year in January, the month’s trade figures were distorted by the difference in the timing of the Lunar New Year, which fell in late January this year but early February last year.

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