Hong Kong's BoP surplus increased notably in the first quarter, the Census and Statistics Department said Monday.
The surplus rose to HK$36.3 billion in the first quarter from HK$26.7 billion in the fourth quarter.
On a year-on-year basis, the current account registered a surplus of HK$0.4 billion compared to a deficit of HK$4.7 billion in the same quarter of 2014, mainly due to improvement of the goods and services balance.
The goods deficit fell to HK$70.7 billion from HK$79.3 billion last year due to a larger increase in exports of goods relative to that in respect of imports of goods. At the same time, the services surplus dropped to HK$71.2 billion from HK$72.1 billion.
The primary income inflow and outflow amounted to HK$296.1 billion and HK$290.5 billion respectively, thus yielding a net inflow of HK$5.6 billion in the first quarter.
The secondary income inflow and outflow amounted to HK$2.3 billion and HK$7.9 billion respectively, resulting in a net outflow of HK$5.7 billion in the first quarter.
In the first quarter, a small net outflow of HK$0.1 billion was registered in the capital account, compared with a net outflow of HK$0.5 billion in the fourth quarter.
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