Hong Kong exports and imports of goods both recorded year-on-year decreases
Christian Fernsby ▼ |
The Census and Statistics Department Hong Kong released the external merchandise trade statistics for March 2020.
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Topics: HONG KONG
In March 2020, the values of Hong Kong's total exports and imports of goods both recorded year-on-year decreases, at 5.8% and 11.1% respectively.
In March 2020, the value of total exports of goods decreased by 5.8% over a year earlier to $323.6 billion, after a year-on-year increase of 4.3% in February 2020.
Concurrently, the value of imports of goods decreased by 11.1% over a year earlier to $358.4 billion in March 2020, after a year-on-year decrease of 0.1% in February 2020.
A visible trade deficit of $34.7 billion, equivalent to 9.7% of the value of imports of goods, was recorded in March 2020.
For the first quarter of 2020 as a whole, the value of total exports of goods decreased by 9.7% over the same period in 2019.
Concurrently, the value of imports of goods decreased by 10.0%.
A visible trade deficit of $103.8 billion, equivalent to 11.1% of the value of imports of goods, was recorded in the first quarter of 2020.
Comparing the first quarter of 2020 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods decreased by 9.8%.
Meanwhile, the value of imports of goods decreased by 5.7%. ■
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