Exports rebound after 17-month decline - RTHK
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Exports rebound after 17-month decline

2023-11-27 HKT 17:26
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  • Exports picked up 1.4 percent, while imports grew 2.6 percent in October on a year-on-year basis. File photo: Xinhua News Agency
    Exports picked up 1.4 percent, while imports grew 2.6 percent in October on a year-on-year basis. File photo: Xinhua News Agency
Hong Kong's exports grew 1.4 percent year-on-year in October following a 17-month decline, according to official figures released on Monday.

Shipments to the mainland and the United States saw an expansion, while those to the European Union continued to contract.

Imports were up 2.6 percent compared with a year earlier.

Despite the uptick, a government spokesman said exports largely remained weak.

"Looking ahead, the difficult external environment amid heightened geopolitical tensions and tight financial conditions will continue to weigh on Hong Kong's export performance in the near term," the spokesman said.

Exports rebound after 17-month decline