Hong Kong exports to decelerate in 2011

Hong Kong export-to-GDP came in at around 20% in 2010 but UBS said this increase is temporary.

According to UBS, exports are a key source of income for Asia and are a primary determinant of the Asian business cycle. Singapore and Hong Kong are affected the most by the trade cycle.

UBS expects trade to decelerate year-on-year until 2Q11; but the rate at which Asian export bottom could be higher than they originally pencilled in.