The value of Hong Kong’s total exports increased to $384.5 billion in March, up 4.7% on the same month last year.

The value of imports of goods increased 5.3% to $429.5 billion in the same period.

A trade deficit of $45 billion, or 10.5% of the value of imports, was recorded in March.

Comparing the first quarter of 2024 with the preceding quarter on a seasonally adjusted basis, the value of exports rose 5.7%, while that of imports also increased 3.1%.