Hong Kong’s total exports surged 8.8% to to $323.1b

Re-exports’ value also up 9.1%.

Hong Kong’s total exports’ value rose by 8.8% to $323.1 billion in October over a year earlier, compared to a year-on-year increase of 1.5% in September, the Census & Statistics Department announced today.

Within this total, re-exports’ value rose 9.1% to $318.7 billion, while that of domestic exports fell 7.7% to $4.5 billion. Concurrently, imports’ value increased 6.3% to $361.2 billion, compared to a year-on-year increase of 0.4% in September.

For the first 10 months of 2013, total exports’ value rose 3.8% over the same period in 2012. Within this total, re-exports’ value increased by 4%, while domestic exports’ value fell 7.3% and imports’ value increased 3.9%. A visible trade deficit of $402.1 billion, or 12.1% of imports’ value, was recorded for the period.

Comparing the three-month period ending in October with the preceding three months on a seasonally-adjusted basis, total exports’ value rose 2.7%. Within this total, re-exports’ value increased 2.8%, while domestic exports’ value fell 2.9% and imports’ value increased 3.5%.