Exports fell 7.3 percent to HKD 347.7 billion, mainly due to lower sales of office machines and automatic data processing machines (-18.9 percent); telecommunications and sound recording and reproducing apparatus and equipment (-9.9 percent); and non-metallic mineral manufactures (-17.4 percent). On the other hand, sales of power generating machinery and equipment advanced 66.3 percent.
Exports to Asia as a whole declined 4.5 percent, in particular Korea (-25.9 percent), Thailand (-11.1 percent), Singapore (-10.9 percent), India (-10.8 percent), the Mainland (-4.6 percent) and Japan (-4.1 percent). In contrast, sales increased to the Philippines (21.1 percent) and Taiwan (12.3 percent).
Apart from destinations in Asia, exports decreased to the US (-24.3 percent), Germany (-12.8 percent) and the UK (-6.8 percent).
Imports went down 10.3 percent over a year ago to HKD 379.3 in September, mostly due to lower purchases of electrical machinery, apparatus & appliances, and electrical parts thereof (-6.4 percent); office machines & automatic data processing machines (-24.8 percent); and telecommunications and sound recording and reproducing apparatus and equipment (-10.7 percent). Meanwhile, imports of power generating machinery and equipment jumped 20.7 percent.
Among major trading partners, imports dropped from Korea (-26.3 percent), India (-24.3 percent), Singapore (-17.7 percent), Thailand (-17.4 percent) and the Mainland (-9.2 percent). Meanwhile, imports went up from Switzerland (16.0 percent) and Taiwan (3.1 percent).
A Government spokesman said that merchandise exports weakened further in September to show an enlarged year-on-year decline, reflecting the slack in global demand and heightened US-Mainland trade tensions in that month. Most major markets continued to show subdued performance. Looking ahead, as the strains on global trade flows arising from a slowing global economy and various uncertainties, including the development of US-Mainland trade relations, will likely persist for some time, the near-term outlook for Hong Kong's merchandise exports remains challenging. The Government will continue to monitor the situation closely.