Hong Kong exports plunged 19.9 percent year-on-year in July, as overseas demand for Chinese goods remained subdued despite talk of a global economic recovery, the government said yesterday.
The total value of shipments dropped to 212.3 billion Hong Kong dollars (US$27.22 billion), the Census and Statistics Department said in a statement.
The decline was significantly bigger than the 5.4 percent year-on-year drop in June, when the government recorded the first single-digit fall in seven months.
For the first seven months of the year, the value of total exports fell 17.7 percent from the same period in 2008 as the global slump hit southern China's manufacturing heartland, which ships many of its products through Hong Kong.
The sharpest drop in the month was recorded for exports to Malaysia, Britain and Germany, which were all down about 30 percent year-on-year.