According to Hong Kong Wenhui, the statistics of external merchandise trade published by the Hong Kong SAR Government’s Statistics Department on the 27th showed that the value of total exports and imports increased by 10.0% and 14.0% respectively in July 2018.
According to reports, according to data, after a year-on-year increase of 3.3% in June 2018, the total value of merchandise exports in July 2018 was 359.1 billion yuan (HKD, the same below), an increase of 10.0% over the same month of 2017.
At the same time, after a 4.4% year-on-year increase in June 2018, the value of merchandise imports in July 2018 was 406.2 billion yuan, up 14.0% from the same month of the previous year. In July 2018, a visible trade deficit of 47.1 billion yuan was recorded, equivalent to 11.6% of the value of imports of goods.
A spokesperson for the SAR government said that the value of merchandise exports in July recorded double-digit year-on-year growth and was exported to several major markets (including mainland China), supported by the continued stability of the global economy and the booming manufacturing and trading activities in the region. There is a clear increase in exports to the United States.