The values of Hong Kong's total exports and imports of goods rose year-over-year, up 11.2 percent and 11.3 percent, respectively, Hong Kong’s Census and Statistics Department reported April 25.
In March 2013, the value of total exports of goods (comprising re-exports and domestic exports) increased 11.2 percent over a year earlier to $291.7 billion, after a year-over-year decrease of 16.9 percent in February 2013. Concurrently, the value of imports of goods increased 11.3 percent over a year earlier to $340.9 billion in March 2013, after a year-over-year decrease of 18.3 percent in February 2013. The trade deficit in March was $49.1 billion, equivalent to 14.4 percent of the value of imports of goods.
For the first quarter of 2013, the value of total exports of goods rose 4 percent from the same period in 2012. Concurrently, the value of imports of goods increased 4.9 percent.
A government spokesman noted that the value of merchandise exports rebounded notably in March over a year earlier, with strong growth across many Asian markets. Yet this was also helped in part by a low base of comparison last year.