Hong Kong exports grow 15.2% in September

HONG Kong's exports grew 15.2 per cent year-on-year in September, its government says, while warning of an economic outlook fraught with challenges.

The value of total exports rose to HK$313.2 billion ($A39.21 billion), with total exports to Asia up 20.1 per cent, the Census and Statistics Department said on Thursday.

August saw only a marginal 0.6 per cent increase in exports year-on-year.

Imports rose 14.9 per cent from a year earlier to HK$358.3 billion, compared to a 0.9 per cent increase in August year-on-year.

A trade deficit of HK$342.9 billion was recorded for the first nine months of 2012.

A "distinctly low base of comparison in the same month of last year" and "some improvements in such major markets as the mainland (China) and the US" contributed to the growth, a government spokesman said in a statement.

"The global economic environment is still fraught with downside risks stemming from the euro debt crisis and looming US fiscal cliff," he added.

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