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Hong Kong Visible Trade Deficit Widens In March

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.

by RTTNews Staff Writer

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