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



External merchandise trade statistics for May 2019

 

 



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Wing Yan Tong in San Francisco: (415) 835 9315

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June 25, 2019 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the external merchandise trade statistics for May 2019. In May 2019, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year decreases, at 2.4% and 4.3% respectively.

In May 2019, the value of total exports of goods decreased by 2.4% over a year earlier to HK$343.1 billion (US$43.9 billion), after a year-on-year decrease of 2.6% in April 2019. Concurrently, the value of imports of goods decreased by 4.3% over a year earlier to HK$377.8 billion (US$48.4 billion) in May 2019, after a year-on-year decrease of 5.5% in April 2019. A visible trade deficit of HK$34.7 billion (US$4.4 billion), equivalent to 9.2% of the value of imports of goods, was recorded in May 2019.

For the first five months of 2019 as a whole, the value of total exports of goods dropped by 2.5% over the same period in 2018. Concurrently, the value of imports of goods decreased by 3.8%. A visible trade deficit of HK$188.8 billion (US$24.2 billion), equivalent to 10.6% of the value of imports of goods, was recorded in the first five months of 2019.

Comparing the three-month period ending May 2019 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 6.3%. Meanwhile, the value of imports of goods increased by 6.6%.

A Government spokesman said that merchandise exports remained subdued in May, affected by the weaker global economy and US-Mainland trade tensions. The situation was similar to that in many other Asian economies.

Looking ahead, the near-term outlook for Hong Kong’s exports will continue to be clouded by various external uncertainties, including notably the evolution of US-Mainland trade relations. The Government will stay vigilant.


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