Hong Kong's exports and imports continued to decline in June, figures from the Census and Statistics Department showed Tuesday.
The value of total exports of goods fell 1.0 percent year-over-year in June, following a 0.1 percent slight drop in the previous month. Exports have been falling since May last year.
Within this total, the value of re-exports dropped 0.8 percent annually in June and domestic exports plunged by 12.9 percent.
Imports dipped at a slower pace of 0.9 percent in June from a year ago, after a 4.3 percent decline in May.
The visible trade deficit narrowed marginally to HK$45.6 billion in June from HK$45.8 billion in the corresponding month last year. However, it was well above May's deficit of HK$26.2 billion.
"Looking ahead, the external trading environment remains challenging given the uncertainties associated with the outcome of the UK referendum in favour of leaving the EU, slow recovery in the advanced markets, monetary policy divergence among major central banks and heightened geopolitical tensions in various regions," a government spokesman said.
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