Hong Kong Exports Plunge 13.0%, Less Than Forecast

Hong Kong's exports continued to decline in April, and at a faster pace, data from the Census and Statistics Department showed on Monday.

Exports of goods plunged 13.0 percent year-over-year in April, much faster than the 1.5 percent decline in March.

Nonetheless, that was below the 21.6 percent decline economists had expected. Exports have been falling since May 2002.

Data showed that exports to the Mainland, the United States, and the European Union all shrank in April.

Similarly, imports registered an annual fall of 11.9 percent after a slight 0.6 percent drop in March. The expected decline was 16.5 percent.