HK's Total Exports Grow 12.5 Pct in December 2010

The value of Hong Kong's total goods exports rose 12.5 percent year-on-year in December 2010, while goods imports increased 14.8 percent, said the Census and Statistics Department of Hong Kong on Tuesday.

According to the department, Hong Kong's value of total good exports in last December rose 12.5 percent over a year earlier to 253 billion HK dollars, after a year-on-year increase of 16.6 percent in November.

Within this total, the value of re-exports rose 12.3 percent to 246.6 billion HK dollars, and the value of domestic exports increased 24.2 percent to 6.4 billion HK dollars.

Also in last December, the value of goods imports in Hong Kong rose 14.8 percent over a year earlier to 296.5 billion HK dollars; A visible trade deficit of 43.5 billion HK dollars - 14.7 percent of the value of good imports was recorded.

For 2010 as a whole, the value of Hong Kong's total good exports rose 22.8 percent over the same period in 2009. Within this total, the value of re-exports increased 22.8 percent, while the value of domestic exports increased 20.4 percent.

Comparing Hong Kong 2010's fourth quarter with the preceding quarter on a seasonally adjusted basis, the value of total goods exports fell 3 percent, whereas the value of domestic exports rose 6.3 percent and the value of goods imports rose 0.7 percent.