Hongkong's Clothing And Accessories Exports Fell By 14.2% In August

　　 Hong Kong The export performance was slightly improved in the global economic downturn. The Statistics Department released the value of Hongkong's total exports and imports in August, both of which recorded a slight year-on-year growth, rising by 0.6% and 0.9% respectively, reversing the weakness of February in July and July. However, a representative of the manufacturers said that although the export figures rose slightly, it would not necessarily be better in the coming months, and the prospects for the future would be weak.

Following the year-on-year decline of 3.5% in July, the value of total exports of goods was 311 billion 700 million yuan (HK $, the same below) in August, with an annual increase of 0.6%, and there was no 3 month decline. The value of re exports rose by 0.7% to 306 billion 200 million yuan, while the value of domestic exports dropped to 5 billion 500 million yuan, or 7.2%. Meanwhile, the value of imports of goods was 347 billion 700 million yuan in August, an increase of 0.9% over the same month last year. In August, the visible trade deficit was 36 billion yuan, equivalent to 10.4% of the value of imports of goods.

A government spokesman said yesterday that commodity exports remained weak in August. The value of exports recorded a slight increase year by year, which mainly reflected that exports to mainland and Japan had increased slightly. However, the weakness of most major export markets continues. It is believed that the future advanced economies are still fragile, and the problems related to the euro zone debt crisis will continue to perplex the global economic outlook. Therefore, Hongkong's foreign trade environment will remain grim in the short term.

In August, compared with the same month of 2011, the whole of "clothing and clothing accessories" and "communication, recording and sound equipment and instruments" Exit The value of goods recorded a decrease of 2 billion 900 million yuan (down 14.2%) and 2 billion 200 million yuan (down 3.8%) respectively. As for imports, the import value of "non-metallic mineral products" and "miscellaneous products (mainly including pram, toys, games and sporting goods") also fell, down 1 billion 900 million yuan (down 12.8%) and 1 billion 500 million yuan (down 6.1%) respectively.

Looking back in the first 8 months of this year, the value of some major exports of goods in general decreased year by year, especially the "clothing and clothing accessories", which decreased by 8.3% to 10 billion 500 million yuan, while the "non-metallic mineral products" also decreased by 6.7% and reduced by 6 billion 200 million yuan.

Management Clothing and textile Zhuang Chengxin, President of the Hongkong China Import and Export Chamber of Commerce, said that even if exports rose slightly in August, the order in 9 months and October, especially in October and October, was not ideal. The average volume of Christmas orders fell by 10% from last year.

The export of garment and textile industry is especially serious, and many manufacturers are struggling with high cost environment to move to lower cost areas. In the rest of the industry, in addition to some unique industries, nearly 90% members' business orders have recorded a decline.

Zhuang Chengxin added that although the effect of QE3 in the US will gradually show up in the later stage, easing the monetary policy and loosening monetary policy will not completely revive the consumption power of the American citizens. As for Europe, the economy is even more unstable, which will greatly affect export performance.

He pointed out that the unemployment rate in the United States is too high, and now it is just before the election. After many years of singing and dancing, many hidden unemployment rates have not emerged. It is believed that the US market will not be fully recovered in the next 3-5 years, and the price of customers is also serious.