Hong Kong Logs Growth in Exports, Imports in March

MT Newswires Live
29 Apr

The value of Hong Kong's exports and imports grew in March as exports to China and other countries climbed.

Total exports jumped 18.5% year on year to $455.5 billion and imports climbed 16.6% over a year earlier to $500.9 billion, according to Hong Kong's Census and Statistics Department on Monday.

For the first quarter, the value of exports and imports rose 10.9% and 9.8%, respectively, year on year.

Electrical machinery and automatic data processing machines were the main exported and imported products to Hong Kong.

Hong Kong's exports and imports to and from the mainland and other Asian markets, except South Korea, grew year on year. Exports to the US and the UK also saw growth, according to the statistics department.

A government spokesman said that merchandise trade performance, although currently strong, may face pressure due to the impact of the tariffs imposed by the US on its trading partners.

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