Hong Kong's total exports rose 18.4% year-on-year in January

Hong Kong February 25 (Xinhua) The HKSAR Census and Statistics Department announced 25th that the strong growth of Hong Kong's overall exports in January 2010 rose by 18.4% Year-on-year, up from 9.2% above last December.　　For the total exports of Hong Kong, the value of re-exports for January was HK $216.7 billion, up 18%, while the value of domestic exports was HK $5.6 billion, up 33.9%. In January, the value of imports of goods was HK $251.8 billion, up 39.5% from a year earlier and 20.8% higher than last December.　　A visible trade deficit of HK $29.5 billion was recorded in January, equivalent to 11.7% of the value of imports of goods. A spokesman for the HKSAR government said that exports to most of the Asian markets had been growing strongly as a further pick-up in commodity exports in 2010 reflected a rebound in production activities and trade in the region.　　However, exports to the United States and Europe continued to fall markedly, despite the low base of comparison last year. The value of Hong Kong's total exports to Asia rose by 41.2% in January, but the value of total exports to some major destinations in Europe and the United States recorded notable declines.