Hong Kong's exports bounced back at a stronger-than-expected pace in March, the latest figures from the Census and Statistics Department showed Thursday.
Exports increased 11.2 percent over a year earlier to HK$291.7 billion in March. This comes after a 16.9 percent decrease in February. Economists had forecast a growth of 9.3 percent.
Imports grew 11.3 percent annually in March to HK$340.9 billion, recovering from 18.3 percent slump in the month prior. This was stronger than the expected 9.8 percent growth.
A visible trade deficit of HK$49.1 billion was recorded in March. Economists were expecting a shortfall of HK$47 billion after a deficit of HK$34 billion in February.
For the first quarter of 2013, the value of total exports of goods rose 4 percent over the same period in 2012. The value of imports increased 4.9 percent. The trade balance was in a deficit of HK$110.3 billion during the period.
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