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Hong Kong's Goods Exports, Imports Climb in April

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Hong Kong's goods export value for April increased 42.9% year over year to HK$620.9 billion, accelerating from a 35.8% jump in March, data from the city's Census and Statistics Department showed.

Imports rose by 44.4% to HK$650.4 billion during the month, following a 41.2% increase in the prior month.

The visible trade deficit stood at HK$29.5 billion in April, equivalent to 4.5% of the value of goods imports.

Exports to markets in Asia and the U.S. rose year over year, with Switzerland and the U.K. also registering sharp increases.

Imports from major supplies including Korea, India, Vietnam, the U.K., Malaysia, and the Mainland also increased.

For the four months ended April 30, export and import values climbed 35% and 38.9%, respectively, with a visible trade deficit of HK$198 billion.

Looking ahead, a government spokesperson said international demand for AI-related electronic products will support merchandise trade performance.

However, the Hong Kong Government will monitor the situation amid risks, including supply chain disruptions and high transportation costs, due to the Middle East conflict.

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