News dalla rete ITA

30 Giugno 2020

Hong Kong

HONG KONG EXPORTS FALLING 7.4 PER CENT IN MAY

The contraction of Hong Kong’s exports worsened in May, falling 7.4 per cent under the weight of weak global demand due to the coronavirus pandemic, with analysts warning of fresh threats from the fallout in ties between China and the United States.  Exports slid to HK$317.6 billion (US$40.97 billion) year on year, while imports fared even worse, dropping 12.3 per cent drop to HK$331.3 billion, the Census and Statistics Department revealed on Monday. This left a trade deficit of HK$13.7 billion for May. For the first five months of the year, exports shrank 8 per cent against the same period last year and imports were down 9.8 per cent. The Hong Kong Trade and Development Council earlier this month downgraded its export forecast for the year, estimating they would fall 10 per cent – which would be the worst in a decade – from a 2 per cent drop predicted last December. In May, the city’s largest types of commodity exports – telecommunications and apparatus and equipment for sound recording and reproduction – tumbled 20.5 per cent over the same month last year. Jewellery, gold and silver wares slumped 39.9 per cent, while apparatus, equipment and supplies for photography, optical goods, as well as watches and clocks were down 45.2 per cent. (ICE HONG KONG)


Fonte notizia: South China Morning Post