RTTNews - Thursday, a report by Hong Kong's Census and Statistics Department said exports dropped 14.5% annually in May to HK$204.4 billion, after dipping 18.2% in the preceding month. Economists expected a fall of 19.7%.
At the same time, imports slipped 19.2% annually to HK$215.4 billion, faster than a 17% drop in the previous month. Economists expected a decline of 18.3%.
The visible trade deficit stood at HK$11 billion in May, equivalent to 5.1% of imports, and coming in lower than economists' expectation of a deficit of HK$19.4 billion.
For the first five months of the year, exports fell 19.5%, while imports decreased 20.8%. Trade deficit stood at HK$61.5 billion, equivalent to 6.3% of the value of imports.
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