Hong Kong's Trade Deficit Widens Modestly In August

Sponsored Links

Thursday, Hong Kong's Census & Statistics Department announced that the trade deficit stood at HK$21.8 billion in August, virtually unchanged from the HK$21.7 billion deficit in July. Economists were looking for a deficit of HK$20 billion.

The value of goods exports decreased 13.9% year-over-year to HK$213.3 billion in August compared with the 19.9% fall in the previous month. Economists had expected a decline of 12.6%.

At the same time, the value of goods imports dipped 9.8% to HK$235.1 billion, slower than the 17.8% fall in July. Economists were looking for a decrease of 9.4%.

For the first eight months of the year, exports and imports dropped 17.2% and 17.4%, respectively in comparison to the corresponding period of the previous year. During this period, the trade deficit amounted to HK$121.2 billion.

Thursday, Hong Kong's Census & Statistics Department announced that the trade deficit stood at HK$21.8 billion in August, virtually unchanged from the HK$21.7 billion deficit in July. Economists were looking for a deficit of HK$20 billion. (Market News Provided by RTTNews)