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FX.co ★ Hong Kong Exports Rises In October

Hong Kong Exports Rises In October

Hong Kong's merchandise exports increased in October, data from the Census and Statistics Department showed on Thursday.

Exports rose 21.4 percent year-on-year in October, after a 16.5 percent increase in September.

Imports gained 17.7 percent annually in October, after a 23.5 percent increase in the previous month.

The trade deficit widened to HK$30.464 billion in October from HK$36.756 billion in the same month last year. In September, the deficit was HK$42.391 billion.

"Merchandise exports continued to post robust year-on-year growth in October alongside the global economic recovery, though a low base of comparison also partly contributed," a government spokesman said.

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