Mar Exports Value Up 26.4%

The value of Hong Kong’s total exports increased to $409.1 billion in March, up 26.4% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods increased 21.7% to $436.1 billion for the same period.

A trade deficit of $27 billion, or 6.2% of the value of imports, was recorded for the month.

Comparing the first quarter this year with the preceding quarter on a seasonally adjusted basis, the value of exports rose 19.4%, while that of imports increased 13.8%.

The value of exports continued to have strong growth on a year-on-year basis in March on the back of a sharp rebound in global demand. Exports to many major markets, notably the Mainland, registered visible increases, the Government said.

For the first quarter as a whole, total merchandise trade value surpassed the previous first-quarter high in 2018 by 13.2%, it added.