DEC EXPORTS VALUE UP 11%

25-1-2024

gov_rss

The value of Hong Kong's total exports increased to $386.4 billion in December 2023, up 11% on the same month in 2022, the Census & Statistics Department announced today.

The value of goods imports rose 11.6% to $446.3 billion for the same period.

A trade deficit of $59.9 billion, or 13.4% of the value of imports, was recorded for the month.

For 2023 as a whole, the value of total exports dropped 7.8% over 2022 and that of imports decreased 5.7%. A trade deficit of $467.6 billion, or 10.1% of the value of imports, was recorded in the year.

Comparing the fourth quarter of 2023 with the preceding quarter on a seasonally adjusted basis, the value of total exports increased 3.3% while that of goods imported rose 2.6%.

The Government noted that the value of merchandise exports recorded a year-on-year increase against a low base of comparison. Exports to the Mainland and the US rose visibly, and those to the European Union registered a marginal increase. Those to other major Asian markets recorded mixed performance.

Looking ahead, it added that factors including heightened geopolitical tensions and slowing global economic growth will continue to weigh on Hong Kong's export performance in the near term.




PREVIOUSNEXT

Latest Business News

最新商業資訊


Market access measures welcomed  19-4-2024

gov_rss

The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Reg...


HK can help mainland firms thrive: FS  19-4-2024

gov_rss

Financial Secretary Paul Chan concluded his trip to Suzhou today by visiting an enterprise that engages in in hydrogen po...


Chinese culture festival set  18-4-2024

gov_rss

The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing ar...


FS tours Hangzhou, Suzhou  18-4-2024

gov_rss

Financial Secretary Paul Chan today met Communist Party of China (CPC) officials and visited research and development (R&...