Hongkong Exports Of Clothing And Clothing Accessories Fell 16.4% In June

According to the Hongkong census and Statistics Department, the value of total exports and imports in June decreased by 1% and 0.9% respectively.

Following the annual decline of 0.1% in May this year, the re export to Hong Kong in June this year

Total export

The total value of exports was 296 billion 500 million yuan, down 1% year-on-year.

In June, the value of re exports was 292 billion 900 million yuan, down 0.8%, while the value of domestic exports was 3 billion 600 million yuan, or 12.9%.

Meanwhile, following the year-on-year decline of 4.3% in May this year, the value of imports of goods in June this year was 342 billion 100 million yuan, down 0.9% year on year.

In June this year, the visible trade deficit was 45 billion 600 million yuan, equivalent to 13.3% of the value of imports of goods.

Compared with the same month last year, the total value of exports to Asia increased by 0.5% in June this year.

The value of total exports to some of the main destinations in the region registered an increase, especially in Taiwan (up 10.1%), India (9.2%), mainland China (mainland) (1.8%) and Korea (up 0.9%).

On the other hand, the value of total exports to Singapore, Thailand, Japan and Malaysia decreased by 9.4%, 9.1%, 8.2% and 8.2% respectively.

In addition to the destination of Asia, the total export value of some main destinations to other regions decreased, especially in the UK (down 10.3%) and the United States (down 7.3%).

Meanwhile, the total value of exports to Germany increased by 1%.

Over the same period, the value of imports from some major suppliers decreased, especially in Switzerland (18.6%), the United States (17.9%) and Malaysia (9.2%).

Meanwhile, the value of imports from South Korea, Singapore, India and Thailand increased by 17.2%, 11.7%, 4.5% and 3.4% respectively.

The value of imports from the mainland also increased by 0.2%.

In June this year, compared with the same month last year, the value of some major exports of goods decreased, especially the "office machines and automatic data processing equipment" (reduced by 3 billion 500 million yuan, down 10.6%), and miscellaneous products (mainly including jewellery, gold ornaments and silverware) (2 billion 700 million yuan, 15.4%) and "

And clothing accessories "(minus 2 billion 200 million yuan, down 16.4%).

However, the total exports of goods increased in value, including "electrical machinery, apparatus and appliances and parts" (increased by 11 billion yuan, up 12%).

Over the same period, the value of imports of some major imports decreased, especially "miscellaneous products (mainly including jewellery, gold ornaments and silverware)" (reduced by 3 billion 900 million yuan, down 17.8%), "office machines and automatic data processing equipment" (reduced 2 billion 100 million yuan, fell 7%) and "non-metallic mineral products" (reduced 1 billion 600 million yuan, down 8.9%).

However, the import value of imports increased by "electrical machinery, apparatus and appliances and parts" (increased by 12 billion 600 million yuan, up 11.9%).

A spokesman for the government said that global demand was sluggish, and the value of commodity exports declined slightly in June compared with the same period last year.

However, the value of commodity exports decreased by 1.2% in the second quarter, narrowing significantly compared with the 6.8% decline in the first quarter, indicating a relative improvement in recent months.

The spokesman further pointed out that, looking forward to the future, the results of the referendum in Britain supported the disintegration from the European Union, the slow recovery of the advanced markets, the divergence of monetary policies of the major central banks, and the uncertainty of geopolitical tensions in many regions, and the foreign trade environment is still full of challenges.