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Bloomberg
Exports from Hong Kong fell more than expected in December as the impact of US-China trade tensions deepened in the port city, the first time sales abroad have contracted in consecutive months since 2016.
December exports tumbled 5.8 percent from a year ago to HK$339.9 billion ($43.3 billion), while imports slid 7 percent to HK$391.2 billion in the same period, as “the moderation in global economic growth and the US-Mainland trade
tensions increasingly weighed on the exports of many Asian economies,†the Hong Kong government said in a release.
“The near-term outlook for merchandise trade is challenging amid moderating global economic growth and the
uncertainty surrounding the US-Mainland trade relations,†the government said.