Hong Kong's Trade Deficit Widens In December

Sponsored Links

Hong Kong's Census & Statistics Department announced on Tuesday that the trade deficit stood at HK$33.44 billion in December, compared to the HK$11.76 billion deficit a year ago. Economists were looking for a deficit of HK$22.90 billion.

The value of goods exports increased 9.2% year-over-year to HK$224.8 billion in December after a 1.3% rise in the previous month. Economists had expected a 12% increase.

At the same time, the value of goods imports surged 18.7% to HK$258.3 billion, after a 6.5% increase in November. Economists were looking for an increase of 16%.

For 2009 as a whole, exports and imports dropped 12.6% and 11%, respectively in comparison to the corresponding period of the previous year. During this period, the trade deficit amounted to HK$223.3 billion.

Hong Kong's Census & Statistics Department announced on Tuesday that the trade deficit stood at HK$33.44 billion in December, compared to the HK$11.76 billion deficit a year ago. Economists were looking for a deficit of HK$22.90 billion. (Market News Provided by RTTNews)