Oct. 26, 2012 (China Knowledge) - The value of Hong Kong
's exports of goods rose 15.2% YoY to HK$313.2 billion in September this year, after a YoY increase of 0.6% in August, according to the latest figures from the Census and Statistics Department.
Last month, the value of re-exports totalled HK$307.8 billion, up 15.3% YoY, while the value of domestic exports increased by 10.2% to HK$5.4 billion.
The value of Hong Kong's imports of goods totalled HK$358.3 billion last month, up 14.9% YoY. The city recorded trade deficit of HK$45.2 billion, equivalent to 12.6% of the value of imports of goods during the period.
The city's exports to the Asian market grew 20.1% in September. There was a 25.7% increase in exports to Philippines, a 25.5% increase in exports to mainland China and a 16.6% increase in exports to Japan.
As for some other major destinations in other regions, the city's exports to the U.S. and the U.K. increased 9% and 5.1% YoY in September, respectively, while exports to Germany decreased 9.7% YoY.
In the first nine months of this year, the value of total exports of goods increased by 1.5% over the same period of 2011. Of the total, the value of re-exports increased by 1.8%, while the value of domestic exports decreased by 13.1%.
Meanwhile, the value of imports of goods increased 2.5% during the nine-month period. A trade deficit of HK$342.9 billion, equivalent to 12% of the value of imported goods, was recorded during the reporting period.