Hong Kong's exports have witnessed year-on-year growth for five consecutive months on the back of a sharp rebound in the global demand, showed official data.
The value of goods exports was up 26.4 percent from a year ago to 409.1 billion Hong Kong dollars (about 53 billion U.S. dollars) in March, the Census and Statistics Department of the Hong Kong Special Administrative Region government reported Tuesday.
The growth rate is compared to an increase of 30.4 percent in February and 44 percent in January.
A government spokesperson said exports to many major markets including the Chinese mainland registered visible increases.
The data released on Tuesday also showed Hong Kong's goods imports increased by 21.7 percent from a year earlier to 436.1 billion Hong Kong dollars in March, resulting in a trade deficit of 27 billion Hong Kong dollars.
Total goods trade in March exceeded the mark of 800 billion Hong Kong dollars for the third time in the past four months and the value for the first quarter as a whole surpassed the previous first-quarter high in 2018 by 13.2 percent, the spokesperson said.
Looking ahead, he said the global economic recovery led by the mainland and the United States should continue to support Hong Kong's export performance. The HKSAR government will continue to monitor the relevant uncertainties including the pandemic development and geopolitical tensions. (1 U.S. dollar equals 7.76 Hong Kong dollars.)
