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Hong Kong's trade deficit widened in June,as both exports and imports fell, data from the Census and Statistics Department showed on Thursday.
The trade deficit rose to HK$55.2 billion in June from HK$34.7 billion in the same month last year. Economists had expected a deficit of HK$49.1 billion.
In May, trade deficit was HK$34.7 billion.
Exports decreased 9.0 percent annually in June. Economists had expected a 2.3 percent fall.
Imports declined 7.5 percent in June, while economists had expected a 3.0 percent fall.
On a monthly basis, exports and imports dropped 9.8 percent and 3.4 percent, respectively.
From the April to June period, trade deficit rose to HK$125.5 billion from HK$143.7 billion in the same period last year. Exports and imports fell 4.7 percent and 5.7 percent, respectively.
