The Census & Statistics Department announced the value of Hong Kong’s total exports decreased to $367.2 billion in March, down 1.5% on the same month last year.

The value of imports of goods decreased 0.6% to $407.8 billion for the same period.

A trade deficit of $40.6 billion, or 10% of the value of imports, was recorded in March.

Comparing the first quarter of 2023 with the preceding quarter on a seasonally adjusted basis, the value of exports rose 0.8%, while that of imports increased 3.3%.