On Monday,Hong Kong’s exports and imports continued to drop in November but in a much slower pace, official data showed.

The Census and Statistics Department of the Government of China’s Hong Kong Special Administrative Region said the value of Hong Kong’s goods exports inched down 1.4 per cent year-on-year in November, narrowing from a 9.2-per cent drop in October.

The value of goods imports declined 5.8 per cent year-on-year in November, also improving from an 11.5 per cent drop in October.

A government spokesman said that the narrower year-on-year decline was mainly due to a rebound in exports to the Chinese mainland upon a low base of comparison.

Hong Kong’s exports to the mainland, accounting for more than half of the total, rose 5.2 per cent year-on-year in November. Exports to Asian economies combined were up 2.6 per cent.

However, exports to major advanced economies remained weak. As global economic growth was yet to improve and the external environment still subject to various uncertainties.

According to the spokesman, the Government of Hong Kong promised to continue to monitor the situation closely.

 

 

 

NAN