CHINA Hong Kong sees values of exports, imports of goods increase in Nov.

CHINA

Hong Kong sees values of exports, imports of goods increase in Nov.

Xinhua

21:52, December 28, 2020

HONG KONG, Dec. 28 (Xinhua) -- The Census and Statistics Department of the Hong Kong Special Administrative Region government said on Monday the values of Hong Kong's exports and imports of goods both recorded year-on-year increases in November, at 5.6 percent and 5.1 percent respectively.

View of a street in Hong Kong Special Administrative Region, October 8, 2020. (Photo: CFP)

A government spokesman said that the value of merchandise exports resumed growth on a year-on-year basis in November, mainly reflecting an improved external trading environment. This was particularly evidenced by the strong performance in exports to the mainland.

Exports to the United States reverted to a modest increase, and those to the European Union picked up further. Exports to many major Asian markets also showed improvement of varying degrees, the spokesman added.

Looking ahead, the spokesman said while the continued strengthening of the mainland economy should render support to Hong Kong's exports, the sharp deterioration of epidemic situations in many advanced economies of late may slow the pace of global economic recovery in the coming months and constrain Hong Kong's export performance.

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