Year-on-year, imports dropped 6 percent to HKD 359.0 billion in January 2019, mainly due to lower purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (-10.8 percent); non-metallic mineral manufactures (-21.4 percent) and telecommunications and sound recording and reproducing apparatus and equipment (-4.9 percent).
Among major trading partners, imports fell from Korea (-36.0 percent), India (-34.6 percent), Switzerland (-17.5 percent), Japan (-14.2 percent), Taiwan (-11.0 percent); the US (-9.5 percent) and China (-1.6 percent).
Meantime, exports declined 0.4 percent to HKD 348.7 billion, mostly due to lower sales of non-metallic mineral manufactures (-23.9 percent); office machines and automatic data processing machines (-8.0 percent) and articles of apparel and clothing accessories (-1.3 percent).
Sales to Asia as a whole decreased 3.6 percent, namely India (-35.2 percent), Taiwan (-18.6 percent), Vietnam (-7.9 percent) and China (-3.9 percent). On the other hand, exports rose to Malaysia (25.6 percent), Philippines (24.4 percent), Singapore (17.9 percent) and Thailand (14.5 percent). Apart from destinations in Asia, sales fell to the US (-5.8 percent) and Germany (-1.1 percent) while went up to the UK (10.7 percent).