Hong Kong's exports value down 3.1% in June

Hong Kong's total exports' value in June decreased 3.1 percent while the value of imports dropped 2 percent year-on-year, the Census and Statistics Department said here on Monday.

The value of total goods exports decreased to 299.5 billion HK dollars (about 38.6 billion U.S dollars) from a year earlier, after a year-on-year decrease of 4.6 percent in May.

Within this total, the value of re-exports decreased 3 percent to 295.4 billion HK dollars, while domestic exports decreased 13.4 percent to 4.2 billion HK dollars. The value of goods imports fell 2 percent to 345.3 billion HK dollars, after a year-on-year decrease of 4.7 percent in May.

A visible trade deficit of 45.8 billion HK dollars, equivalent to 13.3 percent of the value of goods imports, was recorded in June.

Looking ahead, Hong Kong's external environment would still be rather unsteady, given the headwinds from the slow global economic growth, diverging monetary policy directions among major central banks, the unresolved Greek debt problem and geopolitical tensions in various regions, a government spokesman said.