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Hong Kong’s exports value up 30.4 pct in February

Abstract : The value of Hong Kong's total exports increased to 311.1 billion HK dollars (about 40.04 billion U.S. dollars) in February, up 30.4 percent from the same month last year, the Hong Kong Special Administrative Region (HKSAR) government said Thursday.

HONG KONG, March 25 (Xinhua) — The value of Hong Kong’s total exports increased to 311.1 billion HK dollars (about 40.04 billion U.S. dollars) in February, up 30.4 percent from the same month last year, the Hong Kong Special Administrative Region (HKSAR) government said Thursday.

The value of imports of goods increased by 17.6 percent to 325.8 billion HK dollars during the same period. A trade deficit of 14.7 billion HK dollars or 4.5 percent of the value of imports, was recorded in February, according to the Census and Statistics Department of the HKSAR government.

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

Taking the first two months of the year together to remove the distortion caused by the difference in timing of the Chinese New Year, the value of exports increased sharply by 37.6 percent over a year earlier, reflecting a further pick-up in growth momentum alongside the revival of global trading and production activities, a spokesman for the HKSAR government said. (1 U.S. dollar equals 7.77 HK dollars) Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Hong Kong’s exports value up 30.4 pct in February

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