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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Where is Hong Kong?

Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong’s geographical position as a gateway between the East and West has made it an attractive centre for international trade. As a reflection of this, the heart of Asia’s world city has always been the bustling and beautiful Victoria Harbour. Hong Kong’s 1,104-square-kilometer area comprises Hong Kong Island, which lies to the south of the harbour, the Kowloon Peninsula, which forms its northern shores, the New Territories to the north of Kowloon, which stretch all the way to Mainland China, and more than 200 outlying islands, including Lantau Island, where Hong Kong International Airport is located.

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