Hong Kong Exports Tumble in April as Virus Disrupts Commerce

Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.

Exports fell 3.7% from a year earlier, to HK$309.5 billion ($39.9 billion) better than the median forecast in a survey. Imports fell 6.7% to HK$332.8 billion for a 17th straight month of declines, according to a government release. The trade balance improved from the previous month to a deficit of HK$23.3 billion.