HK's exports growth slows notably in January - RTHK
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HK's exports growth slows notably in January

2025-02-25 HKT 17:26
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  • Hong Kong's exports growth significantly slowed down in January, rising just 0.1 percent year-on-year. Photo: RTHK
    Hong Kong's exports growth significantly slowed down in January, rising just 0.1 percent year-on-year. Photo: RTHK
Hong Kong's exports growth slowed significantly last month, while imports picked up, according to official figures.

Data released by the Census and Statistics Department on Tuesday showed that the value of the city's total exports of goods rose just 0.1 percent year-on-year to HK$389.1 billion.

That compares with a 5.1 percent annual rise in December and 2.1 percent increase in November, and was the slowest pace of growth in almost a year.

The value of total imports, however, rose 0.5 percent year-on-year last month to stand at HK$387.1 billion, following a 1.1 percent contraction in December and growth of 5.7 percent in November.

A government spokesperson partly attributed January's moderate growth to the timing of Lunar New Year, and said it is more appropriate to analyse the trade data for the January-February period combined.

"Looking ahead, while uncertainties in the external environment, in particular escalating trade protectionism, would continue to weigh on Hong Kong's export performance, steady global economic growth, together with the Central Government's various measures to boost the mainland economy, would provide support," the spokesperson said.

HK's exports growth slows notably in January