Hong Kong's exports fell in value again last month, weighed down by the continuing economic malaise across Asia and the ongoing impact of air-cargo problems out of the city, the Government said yesterday.
Figures released by the Census and Statistics Department showed total exports fell 8 per cent in August from a year earlier to $119.1 billion.
However, trade in August declined at a less dramatic rate than in July, when problems at the newly opened airport were at their height.
Domestic exports were hardest hit, falling 10.3 per cent to $17.5 billion, while re-exports were down 7.6 per cent to $101.6 billion from August last year.
Domestic exports were 3.8 per cent down from the month before, although re-exports actually rose 0.7 per cent over the same time.
During the three-month period from June to the end of August, the fall in exports remained consistent, dropping 7.9 per cent.