HONG Kong's foreign trade stayed on a rising momentum last month, with both exports and imports growing by nearly 15 per cent year on year to beat analysts' expectations, according to RTHK news.
Census and Statistics Department figures showed that exports rose for the fourteenth month in a row, up by 14.7 per cent year on year to HKD434.5 billion (US$54.4 billion) in April.
That was down from the 18.5 per cent annual growth seen in March but reflected a maintenance of the growth momentum despite the impact of high US tariffs.
Imports rose for a fourth consecutive month, increasing by 15.8 per cent year on year to HKD450 billion, compared with the 16.6 per cent growth in March.
The latest figures left the city with a trade deficit of almost HKD16 billion, or 3.6 per cent of the value of imports of goods.
Total exports to Asia as a whole grew notably by 20.8 per cent year on year, with imports by Malaysia soared by more than 61 per cent and followed by Vietnam's 48 per cent.
Exports to the US rose by only 1 per cent, while exports to Netherlands, the UK and South Korea, however, fell between 24 and 38 per cent.
Looking ahead, a government spokesperson noted that 'as international trade tensions have eased somewhat of late, the headwinds and uncertainties in the external environment have lessened to some extent'.
'The government will continue to closely monitor changes in the external environment and stay vigilant to the potential impacts brought about by shifts in trade policies,' the spokesperson added.
For the first four months of the year, exports grew by 11.9 per cent year on year while imports advanced by 11.4 per cent.
SeaNews Turkey
Census and Statistics Department figures showed that exports rose for the fourteenth month in a row, up by 14.7 per cent year on year to HKD434.5 billion (US$54.4 billion) in April.
That was down from the 18.5 per cent annual growth seen in March but reflected a maintenance of the growth momentum despite the impact of high US tariffs.
Imports rose for a fourth consecutive month, increasing by 15.8 per cent year on year to HKD450 billion, compared with the 16.6 per cent growth in March.
The latest figures left the city with a trade deficit of almost HKD16 billion, or 3.6 per cent of the value of imports of goods.
Total exports to Asia as a whole grew notably by 20.8 per cent year on year, with imports by Malaysia soared by more than 61 per cent and followed by Vietnam's 48 per cent.
Exports to the US rose by only 1 per cent, while exports to Netherlands, the UK and South Korea, however, fell between 24 and 38 per cent.
Looking ahead, a government spokesperson noted that 'as international trade tensions have eased somewhat of late, the headwinds and uncertainties in the external environment have lessened to some extent'.
'The government will continue to closely monitor changes in the external environment and stay vigilant to the potential impacts brought about by shifts in trade policies,' the spokesperson added.
For the first four months of the year, exports grew by 11.9 per cent year on year while imports advanced by 11.4 per cent.
SeaNews Turkey
