Hong Kong's April export value fell 18.2% trade deficit 16.4 billion yuan

The Census and Statistics Department announced that the value of Hong Kong's total exports and imports fell by 18.2% and 17% respectively in April 09, with a visible trade deficit of $16.4 billion, equivalent to 7.6% of the value of imports of goods.　　The value of total exports of goods to Asia fell by 14.7%, with Japan falling 19%, Taiwan down 14.8% and the mainland falling by 12.5%, while the value of total exports of some major destinations to other regions also showed notable declines, in particular in the United Kingdom, 27.6% in the US and 24.7% per cent in Germany. In terms of goods, decreases were recorded in the value of Hong Kong's major overall export category in April, in particular, "communications, audio and acoustic equipment and equipment" minus $7.9 billion or 19.7%, electrical machinery, equipment and equipment and spare parts reduced by 4.5 billion yuan or 7.6%.