Date
26 September 2017
Shipments to India posted the deepest decline of 12.9 percent in August, while exports to China fell 6.2 percent. Photo: Bloomberg
Shipments to India posted the deepest decline of 12.9 percent in August, while exports to China fell 6.2 percent. Photo: Bloomberg

HK August exports down 6% as imports drop 6.5%

Hong Kong exports dropped 6 percent in volume in August from a year ago, while imports fell 6.5 percent, the Hong Kong Economic Journal reported on Friday, citing government data.

Shipments of domestically made products tumbled 18.4 percent, and re-exports declined 5.8 percent.

Among the five major destinations of Hong Kong exports, shipments to India posted the deepest decline of 12.9 percent, while exports to China fell 6.2 percent.

Export volume to the United States expanded 1.4 percent while shipments to Vietnam increased 14 percent. 

Imports from the US registered the biggest drop of 20.4 percent, while shipments from Singapore and Taiwan slumped 16.2 percent and 12.5 percent respectively.

Aggregate exports shrank 2 percent in the first eight months, with re-exports down 1.8 percent.

Shipments of domestically made products dropped 13.2 percent during the period.

[Chinese version中文版]

– Contact us at [email protected]

VW/JP/CG

Hong Kong Economic Journal

EJI Weekly Newsletter

Please click here to unsubscribe