Hong Kong recorded a 10 billion Hong Kong dollars (1.29 billion U.S. dollars) surplus in its balance of payment account in the second quarter, Hong Kong Census and Statistics Department said on Monday.
The figure accounts for 2.7 percent of Hong Kong's gross domestic product (GDP), compared to a surplus of 12.4 billion Hong Kong dollars (1.6 billion U.S. dollars) in the first quarter, the department said.
Of the major balance of payments components, there was a current account surplus of 26.2 billion Hong Kong dollars (3.37 billion U.S. dollars), compared to 62.8 billion Hong Kong dollars (8.08 billion U.S. dollars) in the previous quarter.
With goods imports increasing faster than goods exports, the visible trade deficit rose to 46.2 billion Hong Kong dollars (5.95 billion U.S. dollars), from 35.4 billion Hong Kong dollars (4.56 billion U.S. dollars) in the same quarter last year.
Overall, a combined visible and invisible trade surplus of 24.7 billion Hong Kong dollars (3.18 billion U.S. dollars) was recorded, smaller than that of 26.1 billion Hong Kong dollars (3.36 billion U.S. dollars) in the same period last year, the department said.
Source: Xinhua
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