Hong Kong’s exports have fallen by the highest amount since the pandemic first began in early 2020, as international demand eased and shipments with mainland China were disrupted.
Exports plunged 14.3% in August from a year earlier, the Census and Statistics Department said Monday, the biggest drop since January 2020 and the fourth consecutive month of decline.
The biggest falls were in exports to Japan, which plunged 24.7% from a year earlier, and to mainland China, which contracted 19.4%.
Imports fell 16.3% in August from the previous year, worse than economists’ predictions for a 10.2% decrease.