In May of 2014, exports increased by 4.9 percent over a year earlier to HKD 306.0 billion. Higher exports were delivered to Asia (+3.7 percent yoy), Japan (+11.9 percent), Vietnam (+11.5 percent), Malaysia (+9.5 percent), Taiwan (+7.6 percent), China (+3.5 percent), Germany (+9.4 percent), the USA (+4.5 percent) and the United Kingdom (+4.0 percent). In contrast, decreases were recorded in exports to India (-8.0 percent), Singapore (-0.8 percent) and Thailand (-0.5 percent).
Year-on-year, exports increased for the following commodities: electrical machinery, apparatus and appliances, and electrical parts thereof (13.6 percent), non-metallic mineral manufactures (13.6 percent) and office machines and automatic data processing machines (4.9 percent). However, a decrease was registered in sales of textile yarn, fabrics, made-up articles and related products (-12.0 percent).
Imports amounted to HKD 348.3 billion, increasing 3.7 percent from May of 2013. Higher purchases were recorded for electrical machinery, apparatus and appliances, an electrical parts thereof (16.0 percent), non-metallic mineral manufactures (8.7 percent) and miscellaneous manufactured articles (mainly jewelry, goldsmiths' and silversmiths' wares) (4.5 percent).Hong Kong Trade Deficit Narrows in May.