Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



External merchandise trade statistics for June 2019

 



For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

Daniel McAtee in Washington, D.C.: (202) 238 6360




July 25, 2019 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the external merchandise trade statistics for June 2019. In June 2019, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year decreases, at 9.0% and 7.5% respectively.

            In June 2019, the value of total exports of goods decreased by 9.0% over a year earlier to HK$309.6 billion (US$39.6 billion), after a year-on-year decrease of 2.4% in May 2019. Concurrently, the value of imports of goods decreased by 7.5% over a year earlier to HK$364.8 billion (US$46.7 billion) in June 2019, after a year-on-year decrease of 4.3% in May 2019. A visible trade deficit of HK$55.2 billion (US$7 billion), equivalent to 15.1% of the value of imports of goods, was recorded in June 2019.

For the first half of 2019 as a whole, the value of total exports of goods dropped by 3.6% over the same period in 2018. Concurrently, the value of imports of goods decreased by 4.5%. A visible trade deficit of HK$244.2 billion (US$31.1 billion0, equivalent to 11.4% of the value of imports of goods, was recorded in the first half of 2019.

A Government spokesman said that the year-on-year decrease in the value of merchandise exports enlarged to 9.0% in June, as the soft global economic environment and continued US-Mainland trade tensions put further strains on manufacturing activities and trade flows in Asia. Exports to most major markets recorded declines of varying degrees.

Looking ahead, the near-term performance of Hong Kong’s merchandise exports will remain constrained by the softening global economy and uncertainties arising from US-Mainland trade tensions and other external developments. The Government will stay vigilant.

2019 © | Important notices       Privacy policy      Accessibility                                                                                                                                                    Last Revision Date: July 25, 2019

 

Web For All W3C Web Accessibility initiative    
This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. Should you have any enquiries or comments on its accessibility, please contact us by phone or email.