In July, Hong Kong's foreign trade deficit narrowed to HK$21.84bn, with exports growing faster than imports.

In July, Hong Kong's foreign trade deficit narrowed to HK$21.84 billion, down from HK$29.98 billion in the same period last year, as exports grew faster than imports. The annual increase in exports reached 13.1% in July, with Mainland China exports expanding by 23.0%. Total exports to Asia increased by 15.7%, particularly to Malaysia and Vietnam, while imports rose by 9.9%. Despite the positives, geopolitical tensions and trade conflicts pose potential risks to Hong Kong's export growth.

August 27, 2024
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