by Staff Writers
Hong Kong (AFP) Oct 25, 2012
Hong Kong's exports grew 15.2 percent year-on-year in September, the government said Thursday, while warning of an economic outlook fraught with challenges.
The value of total exports rose to HK$313.2 billion ($40.4 billion), with total exports to Asia up 20.1 percent, the Census and Statistics Department said. August saw only a marginal 0.6 percent increase in exports year-on-year.
Imports rose 14.9 percent from a year earlier to HK$358.3 billion, compared to a 0.9 percent increase in August year-on-year.
A trade deficit of HK$342.9 billion was recorded for the first nine months of 2012.
A "distinctly low base of comparison in the same month of last year" and "some improvements in such major markets as the mainland (China) and the US" contributed to the growth, a government spokesman said in a statement.
"The global economic environment is still fraught with downside risks stemming from the euro debt crisis and looming US fiscal cliff," he added.
Global Trade News
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|