The recent reduction in Hong Kong’s exports fell to a 1.5 per cent year on year decrease in March, aided by a rebound in demand from the USA and the European Union.
Exports fell to HK$367.2 billion (US$46.7 billion), while imports were down 0.6 per cent to HK$407.8 billion.
Exports to mainland China, Hong Kong’s largest importer, were down 9.8 per cent year on year in March, while those to the EU and US increased by 15 per cent and 13.8 per cent, respectively.