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Hong Kong exports drop 6.3

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Hong Kong’s exports worsened in August, recording a 6.3 per cent year-on-year fall. Exports declined to US$44.9 billion while imports shrank 11.1 per cent, the Census and Statistics Department said last week.

The export decline accelerated from the month of July, when they fell 5.7 per cent compared with the same period a year ago. For the first eight months of the year, exports fell 4.3 per cent while imports slid at the higher magnitude of 6 per cent year on year.

Hong Kong exports fell for a consecutive 10 months, including August.