Hong Kong's merchandise trade deficit increased from last year in March, data released by the Census and Statistics Department showed Tuesday.
The trade deficit increased to HK$43.875 billion in March from HK$40.083 billion in the same month last year. In February, the trade balance was a deficit of HK$45.786 billion.
Export of goods decreased 6.8 percent annually to HK$262.425 billion in March. Domestic exports fell 23 percent year-on-year, while re-exports decreased 6.4 percent. Compared to February, overall exports increased 1 percent during the month.
Imports declined 4.7 percent year-on-year to HK$306.301 billion in March. On a monthly basis, the value of arrivals edged up 0.3 percent.
In the three-months ended March, Hong Kong's merchandise exports decreased 1.5 percent from the same period last year, while the value of imports edged up 0.7 percent, the agency said.
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