Feb Exports Value Up 30.4%

The value of Hong Kong's total exports increased to $311.1 billion in February, up 30.4% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods increased 17.6% to $325.8 billion for the same period.

A trade deficit of $14.7 billion, or 4.5% of the value of imports, was recorded in February.

Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 18.9%, while that of imports increased 16%.

Taking the first two months of the year together to remove the distortion caused by the difference in timing of the Lunar New Year, the value of exports increased sharply by 37.6% over a year earlier, reflecting a further pick-up in growth momentum alongside the revival of global trading and production activities, the Government said.