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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

Trade art stamps to be issued

Hongkong Post will launch a special stamp issue and associated philatelic products on the theme Hong Kong Museums Collection - 19th Century China Trade Paintings with the Museum of Art on May 25.   The department said this follows the success of its collaboration with the museum for the Hong Kong Museums Collection last year.   The special issue includes a set of six stamps and two stamp sheetlets which showcase people's lives and customs as well as the landscapes of Guangzhou and Hong Kong, where merchants converged in the 19th century, giving stamp lovers a glimpse of these scenes in miniature.   The associated philatelic products include a collector pack which has a set of six stamps, two stamp sheetlets of $10 and $20 each, a serviced first day cover and two serviced collector covers.   The two collector covers are not for sale separately, the department added.   Advance orders can be made through the ShopThruPost website.
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