India, June 26 -- Hong Kong's foreign trade deficit increased notably in May from a year ago as imports grew faster than exports, data from the Census and Statistics Department showed on Thursday.
The trade deficit rose to HK$27.3 billion in May from HK$12.1 billion in the same month last year. In April, the trade shortfall was HK$16.0 billion.
The visible trade deficit of HK$27.3 billion was equivalent to 5.9 percent of the value of imports.
The annual increase in exports was 15.5 percent in May, versus a 14.7 percent surge in April.
Exports to the mainland of China alone expanded by 17.6 percent from last year.
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Total exports to Asia as a whole grew ...