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Hong Kong June exports fall for 14th month

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Hong Kong’s total exports in June fell for the 14th straight month, dampened by a slowdown in China.

Hong Kong’s total exports in June fell 1 percent from a year earlier to HK$296.5 billion ($38.2 billion), government data showed last week. Total imports fell 0.9 percent, in its 17th straight month of decline, to HK$342.1 billion.

In May, annual exports slipped 0.1 percent, while imports dropped 4.3 percent.

For the first half of 2016, total exports value dropped 3.9 percent, while imports fell 5.6 percent. The city recorded a visible trade deficit of HK$199.6 billion for the first half period, equivalent to 10.8 percent of the value of imports.