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HK April exports up 14.5%
(Agencies)
Updated: 2008-05-28 16:03 Hong Kong Special Administrative Region's exports by value rose at a faster pace in April as strong growth in shipments to Chinese mainland and other Asian destinations offset a slack in exports to the United States, the government said Tuesday. Exports rose 14.5 percent over a year earlier to HK$243.3 billion ($31.18 billion) in April, nearly double March's 7.6 percent growth rate. Re-exports, or imported goods reprocessed and exported from Hong Kong, grew 15.5 percent to HK$235.6 billion, the government said. Domestic exports fell 10 percent to HK$7.8 billion. April imports expanded 11.3 percent to HK$259.6 billion. The trade deficit for the month was HK$16.2 billion, or 6.2 percent of the value of imports during the period. "The Chinese mainland market resumed its role as the main growth driver after a sluggish performance in March. The continued vibrant intra-regional trade in Asia also contributed in a significant way," a government spokesman said. (For more biz stories, please visit Industries)
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