Hong Kong’s trade deficit narrowed in April as exports and imports fell, data from the Census and Statistics Department showed on Monday.
The trade deficit fell to HK$35.091 billion in April from HK$46.946 billion in the same month last year. In March, the deficit was HK$59.241 billion. Economists had expected a deficit of HK$ 48.3 billion.
Exports fell 2.6 percent year-on-year in April after a 1.2 percent decline in March. Economists had expected a fall of 0.8 percent.
Imports dropped 5.5 percent in April, following a 0.1 percent fall in the previous month. Economists had expected a decline of 0.5 percent.
On a month-on-month basis, exports decreased 6.4 percent and imports dropped 11.5 percent.
In the first quarter, the trade deficit shrunk to HK$143.694 billion from HK$144.865 billion. Exports fell 3.3 percent year-on-year and imports decreased 2.9 percent.
The material has been provided by InstaForex Company – www.instaforex.com
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