Year-on-year, exports increased by 8.1 percent to HKD 340.9 billion in November of 2016, after decrease of 1.8 percent in October 2016. Exports to Asia as a whole grew by 12.8 percent, mainly to Taiwan (+45.3 percent), India (+41.7 percent), Singapore (+30 percent), Thailand (+22.1 percent), Indonesia (+14,2 percent), and China (+11.9 percent). Sales decreased were recorded to Vienam (-4 percent), United Kingdom (-10.6 percent), the USA (-7.6 percent), and Germany (-5.9 percent).
By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (+17.2 percent), and office machines and automatic data processing machines (+12.3 percent). A decrease in exports was registered for articles of apparel and clothing accessories (-17.5 percent). For the first eleven months of 2016 as a whole, exports fell 1.5 percent compared to the same period of 2015.
Year-on-year, imports increased by 7.6 percent to HKD 374.9 billion, after an increase of 0.5 percent in the preceding month. Rises were registered in the values of imports from some major suppliers, in particular Korea (+40.2 percent), Singapore (+26.1 percent), Philipnnies (+25.6 percent), Taiwan (+22.2 percent), Japan (+13.3 percent), the USA (+12.3 percent), and China (+2.4 percent). Concurrently, decreases were registered in the values of imports from India (-5.5 percent)
By commodity, imports went up for: electrical machinery, apparatus and appliances, and electrical parts thereof (+20.4 percent); miscellaneous manufactured articles (+10.3 percent), and professional scientific and controlling instrument (+20.9 percent). For the first eleven months of 2016 as a whole, imports fell 1.9 percent compared to the same period of 2015.
For the first eleven months of 2016 as whole, there was a trade deficit of HKD 374.9 billion. Exports went down by 1.5 percent compared to the same period in 2015, in particular to Vietnam (-7.6 percent), Japan (-5.6 percent), the USA (-4.9 percent), Korea (-2.6 percent), and China (-0.9 percent).