Hong Kong June Exports Up 53.4% to HK$641.1 Billion, Imports Rise 45.4%
Hong Kong's June merchandise exports rose 53.4% year on year to HK$641.1 billion, while imports climbed 45.4% to HK$693 billion, resulting in a visible trade deficit of HK$52 billion, equivalent to 7.5% of the value of imports. In the first half, exports grew 39.1% and imports 40.6%, with a deficit of HK$294.6 billion, or 7.9% of imports. Shipments to Asia rose 54.4%, led by Singapore, Taiwan, mainland China, Vietnam, and Thailand, while exports to the US surged 114.3% and to Mexico 94.2%.
In June, Hong Kong recorded a visible trade deficit of HK$52 billion, equivalent to 7.5% of the value of merchandise imports.
For the first half of the year, the total value of merchandise exports rose 39.1% year on year, while merchandise imports increased 40.6%. The visible trade deficit for the first half stood at HK$294.6 billion, equivalent to 7.9% of the value of merchandise imports.
On a year-on-year comparison for June, the value of exports to Asia rose 54.4%, with increases of 83% to Singapore, 79.9% to Taiwan, 59.2% to the mainland, 55.9% to Vietnam, and 52.3% to Thailand. Exports to the United States surged 114.3%, and those to Mexico rose 94.2%.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Shipping & Ports, with intensity 60/100 and 75% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.