Exports declined 1.2 percent year-on-year to HKD 344 billion, mainly due to lower sales of electrical machinery, apparatus and appliances, and electrical parts thereof (-6.6 percent); office machines and automatic data processing machines (-13.8 percent); and miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (-5.6 percent). However, an increase was registered in sales of telecommunications and sound recording and reproducing apparatus and equipment (10.6 percent). Among major trade partners, shipments to Asia as a whole went down 6.0 percent, particularly to India (-11.2 percent) and China (-10.1 percent). In contrast, increases were seen in exports to Philippines (45.6 percent), Singapore (23.8 percent), Taiwan (14.6 percent) and Malaysia (12.7 percent). Apart from Asia, exports to the US fell 0.3 percent, while those to the UK and Germany rose 29.4 percent and 15.9 percent respectively.
Imports fell 0.1 percent to HKD 403 billion, as declines in purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (-5.2 percent) and office machines and automatic data processing machines (-10.6 percent); were partially offset by increases in imports of telecommunications and sound recording and reproducing apparatus and equipment (9.3 percent), and miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (12.5 percent). Among major import partners, decreases were registered in purchases from Taiwan (-25.5 percent), Thailand (-20.7 percent), India (-14.4 percent) and South Korea (-11.4 percent). Concurrently, increases were recorded in imports from Switzerland (22.6 percent), the US (12.4 percent) and China (7.4 percent).
"Hong Kong's exports remained weak in recent months, dampened by declines in manufacturing and trading activities in the region. In the near term the external trading environment will remain challenging. While the US-China trade talks have made progress, the Government will remain vigilant regarding the global economy", a Government spokesman said.