Exports see year-on-year decline

Business | Tereza Cai 15 Nov 2019

Hong Kong's export volumes dropped by 7.8 percent year-on-year in September, as imports fell by 11 percent, the Census and Statistics Department said.

The prices of total exports of goods rose by 0.6 percent, with import prices inching up 0.8 percent.

For the first nine months, the total volumes for exports of goods fell 5.9 percent. Concurrently, imported goods fell by 7.9 percent.

The volume of total exports of goods fell by 0.2 percent year-on-year for the third quarter while the volume of imported goods decreased by 1.6 percent year-on-year.

Meanwhile, Hong Kong's foreign assets, representing the external assets of the Exchange Fund, increased by HK$14.5 billion month-on-month to HK$3.63 trillion in October, the Hong Kong Monetary Authority stated.

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