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Hong Kong's May Exports Rebound by 4.9%, Imports Grow by 3.7%

Hong Kong's May Exports Rebound by 4.9%, Imports Grow by 3.7%

Hong Kong's May exports rebound by 4.9% and imports grow by 3.7%. The best immigration news can be found on the Worldway Group investment immigration official website.

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According to a comprehensive report by Worldway Group: June 27 report. The Census and Statistics Department of the Hong Kong SAR Government recently announced that Hong Kong's exports last month reversed their decline, rising by 4.9% year-on-year, benefiting from improved performance in developed countries and the Mainland.

 

Data shows that Hong Kong's 5-month import growth rate expanded to 3.7%, an acceleration of 1.3 percentage points compared to 4-month. During this period, the visible trade deficit was 4.24 billion HKD, equivalent to 12.2% of the import value.

 

A spokesperson for the Hong Kong SAR Government stated that the outlook for Asian trade and Hong Kong's exports will depend on whether the currently moderate growth pace of advanced economies can further improve, thereby driving stronger import demand.

 

Source: People's Daily Online

 

　　Worldway Group Editor

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