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Value of HK's Total Exports of Goods Up 0.1% YoY in Jan, Beating Forecasts
Recommend 1 Positive 8 Negative 3 |
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According to Hong Kong's Census and Statistics Department, in January 2025, the values of Hong Kong's total exports and imports of goods both recorded YoY increases of 0.1% and 0.5% respectively, compared with the market's expectation of a decline of 2.9% and 2.7%. Due to the difference in timing of the Lunar New Year holidays, it is more appropriate to analyze the trade figures for January and February taken together in making year-on-year comparison. In January 2025, the value of total exports of goods increased by 0.1% over a year earlier to $389.1 billion, after a YoY increase by 5.2% in December 2024. Concurrently, the value of imports of goods increased by 0.5% over a year earlier to $387.1 billion in January 2025, after a YoY decrease by 1.1% in December 2024. A visible trade surplus of $2.1 billion, equivalent to 0.5% of the value of imports of goods, was recorded in January 2025, compared with the market's original estimate of a deficit of $9 billion. AAStocks Financial News |
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