External merchandise trade statistics for June 2020
The Census and Statistics Department (C&SD) released (July 27) the external merchandise trade statistics for June 2020. In June 2020, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year decreases, at 1.3% and 7.1% respectively.
In June 2020, the value of total exports of goods decreased by 1.3% over a year earlier to $305.6 billion, after a year-on-year decrease of 7.4% in May 2020. Concurrently, the value of imports of goods decreased by 7.1% over a year earlier to $338.9 billion in June 2020, after a year-on-year decrease of 12.3% in May 2020. A visible trade deficit of $33.3 billion, equivalent to 9.8% of the value of imports of goods, was recorded in June 2020.
For the first half of 2020 as a whole, the value of total exports of goods decreased by 6.9% over the same period in 2019. Concurrently, the value of imports of goods decreased by 9.4%. A visible trade deficit of $175.2 billion, equivalent to 9.0% of the value of imports of goods, was recorded in the first half of 2020.
Comparing the second quarter of 2020 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods increased by 5.8%. Meanwhile, the value of imports of goods increased by 0.3%.
Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section (2) of the C&SD (Tel: 2582 5042).