Jan. 4, 2012 (China Knowledge) - The value of Hong Kong
's exports of goods rose 2.0% year on year to HK$278.6 billion in November this year, after rising 11.5% year on year in October, according to the latest figures from the Census and Statistics Department.
In November, the value of re-exports totaled HK$273.4 billion, up 2.5% year on year, while the value of domestic exports decreased by 19.0% to HK$5.1 billion.
The value of Hong Kong's imports of goods totaled HK$322.7 billion last two month, up 8.8% year on year. The city recorded trade deficit of HK$44.1 billion, equivalent to 13.7% of the value of imports of goods during the period.
The city's exports to the Asian market grew 4.4% in November. There was a 42.8% increase in exports to Vietnam, a 9.1% increase in exports to India, a 7.6% increase in exports to Malaysia and 36.5% increase in exports to Taiwan and only 2.5% increase to mainland China.
As for some other major destinations in other regions, the city's exports to Germany rose 1.1% year on year in November, while exports to the U.K. and the U.S. decreased 8.3% and 7.5% year on year, respectively.
In the first 11 months of this year, the value of total exports of goods rose by 10.4% over the same period of 2010. Of the total, the value of re-exports increased by 10.7%, while the value of domestic exports decreased by 3.4%. Meanwhile, the value of imports of goods increased by 12.2%. A trade deficit of HK$378.5 billion, equivalent to 11.0% of the value of imported goods, was recorded during the reporting period.