India, Jan. 27 -- Hong Kong's foreign trade deficit decreased notably in December from a year ago as export growth accelerated amid a decline in imports, data from the Census and Statistics Department showed on Monday.
The trade gap declined to HK$34.5 billion in December from HK$59.9 billion in the same month last year. The trade shortfall also fell from HK$43.4 billion in November.
The visible trade deficit of HK$34.5 billion was equivalent to 7.8 percent of the value of imports.
The annual increase in exports was 5.2 percent in December, versus a 2.1 percent growth in November.
Exports to the Mainland of China alone expanded by 14.9 percent from last year.
Total exports to Asia as a whole grew by 9.6 percent. Within this, shipments ...