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Hong Kong June Exports fall

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Hong Kong’s exports fell more drastically than expected in June. Exports declined in June to HK$309.6 billion ($39.6 billion), a reduction of9% from year-ago figures, according to Hong Kong government statistics. This is the worst result since 2016. Imports also fell by 7.5% in June.

Hong Kong is feeling the impact of the trade war, because of its role as a key conduit between China and U.S trade. A prolonged U.S.-China trade dispute, with a slowing Chinese economy, and sluggish global demand does not give much reason to expect a recovery in trade soon.