HK's exports, imports increase in 2020
HONG KONG, Jan. 27 (Xinhua)-- Hong Kong's Census and Data Division (CSD) released the exterior goods profession statistics Monday, according to which the worth of complete exports of items rose by 3.6 percent in 2020 over 2019, and the value of imports of items boosted by 3.8 percent.
In a break down, the value of re-exports enhanced by 3.8 percent, whereas the value of residential exports lowered by 7.6 percent. A noticeable trade shortage of 501 billion HK bucks (64.56 billion UNITED STATE dollars), equivalent to 12.3 percent of the worth of imports of items, was videotaped in 2020.
In Drilling Fluid Company , the value of overall exports of goods continued to be virtually the same from a year previously at 310.9 billion HK dollars, after a year-on-year increase of 5.8 percent in November. Of the total amount, re-exports made up 306.3 billion HK bucks, up by 0.1 percent, whereas residential exports decreased by 7.9 percent to 4.6 billion HK bucks.
The worth of imports of items increased by 1.8 percent over a year previously to 365.2 billion HK dollars, after a year-on-year boost of 5.2 percent in November. A noticeable profession deficiency of 54.4 billion, equivalent to 14.9 percent of the value of imports of products, was recorded in the month.
In 2015, year-on-year increase was seen in the worth of exports to some major locations, with that said to Vietnam climbing 15. 5 percent, that to Korea, up 9.0 percent, that to India, up 7.9 percent, and that to the Chinese landmass, up 4.9 percent.
Nevertheless, the value of exports to Japan decreased by 6.1 percent, that to Germany dropped 5.1 percent, and that to Taiwan dropped 4.3 percent.
Compared to 2012, the value of imports from the USA increased by 7.4 percent in 2014, that from China's Taiwan rose 6. 9 percent, that from India raised 6.7 percent, that from Thailand expanded by 6.4 percent, which from the Chinese landmass inched up by 5.5 percent.
On the various other hand, the value of imports from Japan reduced by 8. 1 percent, and that from Switzerland contracted by 1.7 percent.
A spokesperson for the Hong Kong government stated that the trading setting is still dealing with different uncertainties, specifically the future course of the UNITED STATE Federal Reserve's monetary policy as well as its possible impacts on the emerging market economic climates, along with the uneven healing of the eurozone economic situation. He added the federal government will check the scenario very closely.