Hong Kong exports rose 13.9% to the lowest in October

The November 26 was affected by the weakening demand in major markets such as Europe, the United States and Japan, with exports rising only 13.9% in October, the lowest in the year. The Chamber of Commerce points out that, while approaching Christmas, but Europe and the United States import and export buyers are more conservative, to observe the Thanksgiving sale will decide whether to add a single, so the October exports passable, but believe that if the ideal Thanksgiving sale, the next two months will be sudden surge, but the recent rise in raw material prices too fast, many manufacturers lack of inventory,　　It is believed that only some larger enterprises have the ability to cope with these urgent orders. A government spokesman said that merchandise exports recorded a significant year-on-year increase in October, according to the Hong Kong newspaper.　　Seasonally adjusted figures show that commodity exports have rebounded strongly from the bottom of the global synchronised recession in the past year, to a slightly slower pace in recent months, since the beginning of the last 08-09 years. The spokesman added that the prospect of a recovery in the United States and Europe continued to be a major downside risk to Hong Kong's future trade performance. This, along with increased exchange-rate volatility and rising protectionism, will bring more variables to the outlook for foreign trade.　　However, further robust growth in the region, particularly in the mainland, is expected to continue to support Hong Kong's short-term export performance. Data show that the value of total exports of re-exports and domestic exports in October this year was $274.2 billion, up by 13.9% over a year earlier. Within this volume, the value of re-exports for October was $268.2 billion, up by 13.9%, while the value of domestic exports was 6 billion yuan, up by 11.2%. For the first 10 months of this year, the value of total exports of goods increased by 24.6% over a year earlier.　　Within this volume, the value of re-exports increased by 24.7%, while the value of domestic exports increased by 20.6%. Analysed by region, the value of total exports of goods to Asia increased by 13.7% in October this year compared with the same month last year. In this area, notable increases were recorded in the value of total exports of goods to some major destinations, notably Thailand's 33.3%, India's 30.7%, Viet Nam's 28.6%, Malaysia's 26.8% and the mainland's 12.6%.　　In addition to destinations in Asia, increases were recorded in the value of total exports of some major destinations to other regions, including the United States Rose 17.1%, Germany rose 6.4%, the Netherlands rose 5.7% and the United Kingdom 1.9%. Analysed by main commodity categories, comparing October with a year earlier this year, increases were recorded in the value of goods in most of the major overall export categories, in particular "electrical machinery, instruments and accessories" + 18.8%, "communications, audio and acoustic equipment and equipment", + 9.6% and "clothing and clothing fittings" by 23.7%.