Hong Kong’s exports grew by 17.5 per cent year on year in October, with authorities expecting the improvement to continue in the near term given consistent moderate global economic growth and easing trade policy uncertainties.
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The value of goods exported from Hong Kong in the month stood at HK$461.8 billion (US$59.2 billion).
The growth, coming on the back of double-digit rises since February this year, further accelerated from the 16.1 per cent increase in September.
In particular, exports to Malaysia grew at the fastest pace, rising by 139.4 per cent, followed by the Netherlands at 56.8 per cent and Vietnam at 56 per cent.
The United States imported goods valued at over HK$36 billion from Hong Kong in the month, marking a 40.5 per cent yearly increase.
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Meanwhile, the city recorded an import value of HK$501.7 billion, 18.3 per cent more year by year, rendering a trade deficit of HK$39.9 billion.