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Hong Kong February Exports Unexpectedly Rise Despite Virus

  • Imports declined for 15th month, widening trade deficit
  • Exports rise due to distortions in timing of Lunar New Year
Views of the Kwai Tsing Container Terminal As Hong Kong's January Container Throughput Fell 20.4%
Photographer: Paul Yeung/Bloomberg
Updated on

Hong Kong’s exports rose unexpectedly in February after plunging the most in more than a decade the previous month as the impact of the escalating coronavirus outbreak on global trade was offset by the timing of the Lunar New Year holiday.

Exports rose 4.3% in February from year-ago levels to HK$238.6 billion ($30.8 billion), better than the -20% median forecast among economists surveyed by Bloomberg.