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Hong Kong textile and apparel re-exports decline by 29%

The value of Hong Kong’s re-export of apparel and textile products during January to April ’20 period has declined by 29 per cent while the exports of locally made products increased significantly.

According to the statistics released by the Census and Statistics Department (Hong Kong) and compiled by the Hong Kong General Chamber of Textiles, the region re-shipped apparel and textile worth HK $ 32,689 million in the said period.

The decline in re-exports can be attributed to the impact of pandemic outspread. Of total re-export value, apparels contributed HK $ 18,600 million and the share of textiles was HK $ 14,090 million. Mainland China accounted for HK $ 7,761 million of this re-export value, declining around 26 per cent on the yearly note. On the other hand, the US and EU accommodated HK $ 5,274 million and HK $ 4,677 million, respectively, falling by 45.50 per cent and 23.60 per cent from their respective imports from Hong Kong.

Hong Kong’s re-export to ASEAN – a 10-nation bloc – too declined by 19.80 per cent and it clocked HK $ 6,077 million from the region.

 
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