Buyers in Europe and the United States last month exports fell 18% wins forecast

With inventories at low levels in Europe and the United States and many buyers eager to replenish their goods, the value of Hong Kong's exports in April fell by only 18.2% for the 6th consecutive month, but the decline was slightly less than the market forecast of more than 23%, the best month since this year.　　The Economist described the recent easing in exports as an indication of a pick-up in overseas demand, but it is still "bottoming out" and it is believed that exports will only fall back to stability when foreign rescue measures become more effective in the second half of the year. According to Wen Wei Po, Assistant chief economist of the Hong Kong Trade Development Council, Pan Yongcai said yesterday that the decline in export performance in April could be regarded as a "small spring" in the export market, but it is believed that in the second half of the year, when the rescue measures in Europe and the US are becoming more effective, the "Recent manufacturers have received a lot of turn, although a small number, but always good." "Exports continue to fall June challenges still big government spokesman said exports continued to fall significantly in April, mainly due to the global recession continued and regional trade plunged. Nevertheless, the spokesman pointed out that the decline in exports of goods to the mainland in April was somewhat narrower, reflecting a decrease in the decline in export losses. At the same time, we need to look at the data for the next few months to determine whether the relative improvement seen in April will continue to be a trend.　　Looking to the future, the foreign trade environment will still be full of challenges. Overall exports fell 20.9% in the first 4 months following a year-on-year decrease of 21.1% in March this year, the value of total exports of re-exports and domestic exports in April was $199 billion, down by 18.2% over a year earlier. In April, the value of Re-exports was $194.4 billion, down 17.5%, while the value of domestic exports fell to $4.6 billion, or 40.2%.　　Meanwhile, the value of total exports of goods in the first 4 months of this year decreased by 20.9% over a year earlier, with the value of re-exports decreased by 20.1%, while the value of domestic exports decreased by 43.3%. On a seasonally adjusted basis, the value of total exports recorded a decrease of 9.9% for the 3 months ended this year, compared with the above 3-month period.　　Within this volume, the value of re-exports fell by 10%, while the value of domestic exports decreased by 8.4%. Exports to Europe and the United States declined by more than 20% regions, while the value of total exports to Asia decreased by 14.7% in April this year, compared with a year earlier. Malaysia's biggest decline was 38.1%, Thailand fell 35.6%, Singapore fell 32.3%, Japan fell 19%, Taiwan fell 14.8% and the mainland fell 12.5%.　　In the US and Europe, Britain, the United States and Germany fell 27.6%, 24.7% and 21.4% respectively.　　Comparing the first 4 months of this year, exports to Singapore were the largest, by 32.6%, South Korea 29.4%, Taiwan down 23%, and the United Kingdom, the United States and the mainland fell by more than 20% per cent. Analysed by type of commodity, comparing April with a year earlier this year, decreases were recorded in the value of all the major overall export categories, in particular "communications, audio and acoustic equipment and equipment", down 19.7%, "electrical machinery, instruments and equipment and components", "7.6%" and "Office machines and Automatic Data processing instruments ", down 14.7%.