Xinhua News Agency, Hong Kong, January 27 (Reporter Wang Qian) The Hong Kong Special Administrative Region Census and Statistics Department recently released external merchandise trade statistics showing that in December 2020, the value of Hong Kong's overall exports and imports increased by 11.7% and 14.1% year-on-year respectively.
On a year-on-year basis, the value of total exports of goods in 2020 will fall by 1.5% year-on-year, and the value of imports of goods will fall by 3.3% year-on-year.
Seasonally adjusted figures show that in the fourth quarter of 2020, the value of total exports of goods increased by 5.5% from the previous month, and the value of imports of goods increased by 8.9% from the previous month.
A spokesman for the Hong Kong Special Administrative Region Government said that due to the further recovery of import demand in many major markets, the value of merchandise exports in December 2020 has experienced double-digit growth year-on-year.
Exports to the mainland have accelerated significantly, and exports to the United States and the European Union have also expanded. Exports to other major markets in Asia have improved to varying degrees.
However, dragged down by the weak export performance in the first half of the year, the total value of merchandise exports for the whole year of 2020 further fell by 1.5%.
The spokesperson believes that the mainland economy is expected to continue to strengthen in the future and support Hong Kong's exports. The prospects of other major markets depend on the development of the epidemic.