In May 2006, the value of Hong Kong's total exports of goods decreased marginally over a year earlier, whereas the value of imports of goods rose moderately.
In May 2006, the value of total exports of goods (comprising re-exports and domestic exports) decreased by 0.1 percent over a year earlier to $193.2 billion, after a year-on-year increase of 9.4 percent in April.
Within this total, the value of re-exports decreased by 1.0 percent to $181.7 billion in May, whereas the value of domestic exports increased by 17.0 percent to $11.5 billion.
Concurrently, the value of imports of goods increased by 2.5 percent over a year earlier to $207.8 billion in May 2006, after a year-on-year increase of 11.2 percent in April. A visible trade deficit of $14.6 billion, equivalent to 7.0 percent of the value of imports of goods, was recorded in May 2006.
For the first five months of 2006 as a whole, the value of total exports of goods rose by 8.9 percent over the same period in 2005. Within this total, the value of re-exports increased by 7.7 percent, while the value of domestic exports increased by 31.5 percent.
Concurrently, the value of imports of goods increased by 10.9 percent. A visible trade deficit of $66.5 billion, equivalent to 6.7 percent of the value of imports of goods, was recorded in the first five months of 2006.
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