HK goods exports up 6.8pc in July

HONG KONG, Aug 25 (Xinhua): In July 2014, the values of Hong Kong's total exports and imports of goods both showed year-on-year increases, at 6.8 per cent and 7.5 per cent respectively, the city's Census and Statistics Department announced Monday.

The value of total exports of goods (comprising re-exports and domestic exports) increased by 6.8 per cent over a year earlier to 326.2 billion HK dollars (about US$42 billion), after a year-on-year increase of 11.4 per cent in June 2014, the department said when releasing the external merchandise trade statistics for July 2014. Within this total, the value of re-exports increased by 6.8 per cent to 321 billion HK dollars in July 2014, while the value of domestic exports increased by 7.0 per cent to 5.1 billion HK dollars.

Concurrently, the value of imports of goods increased by 7.5 per cent over a year earlier to 368.3 billion HK dollars in July 2014, after a year-on-year increase of 7.6 per cent in June 2014. A visible trade deficit of 42.1 billion HK dollars, equivalent to 11. 4 per cent of the value of imports of goods, was recorded in July 2014. For the first seven months of 2014 as a whole, the value of total exports of goods rose by 3.4 per cent over the same period in 2013. Within this total, the value of re-exports increased by 3.4 per cent, while the value of domestic exports increased by 4.3 per cent.