India, May 26 -- Hong Kong's trade deficit increased in April from a year ago as imports grew faster than exports, data from the Census and Statistics Department showed on Monday.
The trade shortfall rose to HK$16.0 billion in April from HK$10.2 billion in the same month last year. In March, the trade balance showed a deficit of HK$45.4 billion.
The visible trade deficit of HK$45.3 billion was equivalent to 3.6 percent of the value of imports.
The annual rise in exports was 14.7 percent in April versus an 18.5 percent rise in March.
Total exports to Asia as a whole grew by 20.8 percent. Within this, exports to Malaysia grew the most, by 61.5 percent, followed by Vietnam with a 48.3 percent surge. Meanwhile, shipments to Korea plunged by...