The value of Hong Kong's total exports decreased to HK$358.3 billion in August, down 3.7% on the same month last year, the Census & Statistics Department has announced.
The value of goods imports decreased 0.3% to HK$383.9 billion for the same period.
A trade deficit of HK$25.6 billion, or 6.7% of the value of imports, was recorded for August.
Comparing the three-month period ending August with the preceding three months on a seasonally adjusted basis, the value of goods exported dropped 0.3%, while that of goods imported decreased 0.5%.
The Government noted that merchandise exports stayed weak in August. Exports to the US and the European Union shrank notably from a year earlier, while exports to the Mainland and most other major Asian markets fell by varying degrees.
Looking ahead, it added that a weak external demand for goods will continue to weigh on Hong Kong's export performance in the near term.
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