Hong Kong exports sustained improvement in June narrowed to drop the number

According to the census statistics of foreign trade in goods in June transit and port product export total commodity export value for the whole 2,111 billion yuan, higher than last year fell 5.4% went. Which appears in transit, a drop of 4.2% 2,064 billion yuan, and port product export shipments dropping to 47 billion yuan, fell to 38.7%. Meanwhile, following the recorded in May this year the press year after 19.2 fall this year, 2,276 imports in June appears went over last year billion yuan, and fell 7.9%. June this year, record the visible trade deficit 165 billion yuan, equivalent to the total commodity imports 7.2 per cent.

The goods in the first half of this year compared with the same period last year overall export shipments fell 17.2. One fell 16.3%, and entrepot trade value products export shipments dropping port 41.9%. Meanwhile, commodities import shipments fell 18.6%. In the first half of this year was recorded visible trade deficit 780 million yuan, equivalent to the value of 6.5 percent imports.

Seasonally adjusted digital display, so far this year in the second quarter compared with last season, commodity export value overall recorded. Gain 11.0 Among them, and rising 11.4% documengts entrepot trade port product export shipments dropping 1.3%. Meanwhile, commodity imports rose 11.6% value.

June this year compared with last year, went the whole export value exports to Asia, which rose 3.1% in mainland China (mainland) shipped value rise of 9.3 per cent.

On the other hand, some Asian exports to the main destination recorded declines overall export value, especially in Singapore (fall), Malaysia (26.0% fell by 24.8%), Thailand (fell 14.9%), South Korea (fell 13.2%) and Japan (fall 13.0% respectively).

In addition to Asia exports to the destination outside, other parts of the main destination of the overall export value also record drop fall, especially the United States (23.7), Britain (fall), Germany (17.4 fell 12.6%) and Australia (fell 0.2%).

Over the same period, from most major source of import value also record declines, especially South Korea (fall), Germany (was), Japan (dropped 18.5% fell 17.6 percent), India (10.4%) fell and the United States (fall 6.4%). Meanwhile, some main source from the import value is record increase, especially Malaysia (liter 11.7%) and Britain (liter 8.1%).

In the first half of this year compared with the same period last year, export to all major destinations in the overall export shipments are recorded declines, especially in Singapore (fall 30.9%), South Korea (fall), the us (25.6% fell 21.2%), Britain (fall) and Japan (fall 20.7% 15.5%).

Over the same period, from all major source of import value recorded declines are, especially Japan (fall 32.7%), South Korea (fall 28.9%), India (fall), Taiwan (fall 23.0% dropped 22.9%) and Thailand (22.9%).

A government spokesman said in June, and further improve the merchandise exports, by annual decline significantly narrowed to unit number level, is the first since for seven months. According to the seasonally adjusted number press season in the second quarter, exports compared the rebound is more obvious.

Spokesman, said in June the renewal is mainly for export to improve the export recovery shipped by mainland, reflecting the mainland received orders and industrial production picks up, bring more raw materials and capital product absorption. In addition, exports to the European Union, Japan and many other Asian economies have relative export condition improved, although still significant declines. However, export to U.S. exports continued to drop substantially.

Spokesman further points out, although the global economy remains weak, signs of rebound has yet to happen, the export trend and Hong Kong recently showed trader response of Hong Kong's exports in the first quarter should has been through the worst. The mainland's economic reply faster growth and if global climate turn bad, Hong Kong has no obvious next few season export should continue to have some relative improvement.