Year-on-year, imports went up 4.8 percent to HKD 422.7 billion, driven by higher purchases of electrical machinery, apparatus & appliances & electrical parts thereof (+8.3 percent); office machines & automatic data processing machines (+10.7 percent) and oil, oil products & related materials (+47.7 percent). On the other hand, imports declined for professional, scientific & controlling instruments (-7.2 percent).
Among major trading partners, imports advanced mainly from Malaysia (+51.4 percent), Singapore (+18.8 percent), South Korea (+9.8 percent), the US (+2.8 percent) and China (+2.8 percent), while purchases fell from India (-15.2 percent) and the Philippines (-4.5 percent).
Exports rose 4.5 percent year-on-year to HKD 375 billion, as shipments increased for electrical machinery, apparatus & appliances & electrical parts thereof (+12.8 percent); miscellaneous manufactured articles (+11.2 percent) and office machines & automatic data processing machines (+5 percent). Contrarily, exports dropped for professional, scientific & controlling instruments (-7 percent).
Sales went up to Thailand (+23.2 percent), South Korea (+9.9 percent), Malaysia (+9.4 percent), the Philippines (+7.6 percent) and China (+7 percent). On the other hand, exports declined to Japan (-13.9 percent) and Taiwan (-9.5 percent).
Considering the January to September period, exports advanced 9.2 percent to HKD 3,072.8 billion and imports climbed 10.9 percent to HKD 3,494.5 billion, recording a trade deficit of HKD 421.7 billion.