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MNI BRIEF: Hong Kong Exports Down 8.8% In February

MNI (BEIJING)
MNI (BEIJING)

Hong Kong's exports fell 8.8% y/y in February, a sharp improvement from the 36.7% decline in January, according to the Census and Statistics Department on Monday (C&SD).

Taking January and February together, to account for Lunar New Year changing months between 2022 and 2023, exports decreased 25.4% y/y and imports decreased 18.9% y/y. In February most major regions recorded declines in demand, particularly Japan (down 23.1%), India (lower by 18.5%), and the Mainland (down 12.7%).

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Hong Kong's exports fell 8.8% y/y in February, a sharp improvement from the 36.7% decline in January, according to the Census and Statistics Department on Monday (C&SD).

Taking January and February together, to account for Lunar New Year changing months between 2022 and 2023, exports decreased 25.4% y/y and imports decreased 18.9% y/y. In February most major regions recorded declines in demand, particularly Japan (down 23.1%), India (lower by 18.5%), and the Mainland (down 12.7%).

Keep reading...Show less