Hong Kong Exports Soar 23.3% in July

The boost was led by a 42.5% jump in the value of electrical machinery and appliances, and a 16% rise in telecommunication and sound recording equipment.

On the back of vibrant trade within Asia, Hong Kong's exports surged 23.3% year on year in July, official data showed on August 26.

The total value of shipments rose to 261.8 billion Hong Kong dollars (US$33.56 billion) in July, the Census and Statistics Department said, the ninth consecutive month of year-on-year growth.

The boost was led by a 42.5% jump in the value of electrical machinery and appliances, and a 16% rise in telecoms and sound recording equipment.

The figures follow a 26.7% year-on-year rise in June and a 24.4% jump in May.

A government spokesman said that despite export growth easing Asian markets remained robust. "The lingering sovereign debt problem in Europe is still a source of uncertainty," the spokesman said.

"Yet with Asia still maintaining reasonably solid growth going forward, Hong Kong's merchandise exports are poised for further growth in the near term."

Copyright Agence France-Presse, 2010

TAGS: Trade
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