Hong Kong exports grow 17.5% in October as trade policy uncertainties ease
Value of goods exported from Hong Kong in October stood at HK$461.8 billion
Hong Kong’s exports grew by 17.5 per cent year on year in October, with authorities expecting the improvement to continue in the near term given consistent moderate global economic growth and easing trade policy uncertainties.
The value of goods exported from Hong Kong during the month stood at HK$461.8 billion (US$59.2 billion), according to figures released on Tuesday by the Census and Statistics Department.
The growth, coming on the back of double-digit rises since February this year, also accelerated from the 16.1 per cent increase recorded in September.
In particular, exports to Malaysia grew at the fastest pace, surging by 139.4 per cent, followed by the Netherlands at 56.8 per cent and Vietnam at 56 per cent.
The United States imported goods valued at more than HK$36 billion from Hong Kong during the month, marking a 40.5 per cent year-on-year increase.
The value of imports totalled HK$501.7 billion, up 18.3 per cent year on year, resulting in a trade deficit of HK$39.9 billion.