Hong Kong’s exports exceeded analysts’ estimates in February as trade figures for the first two months of the year were distorted by the timing of a Lunar New Year holiday.
Overseas shipments rose 14 percent from a year earlier to HK$259.8 billion ($33 billion), the government said on its website today. That compared with an 8.6 percent decline in January and the median estimate for a 4.9 percent gain in a Bloomberg News survey of economists.
Export growth for January and February combined was weak and marked a deceleration from the pace in the final quarter of last year, the government said in a statement. Imports rose 20.8 percent in February, leaving a trade deficit of HK$45.8 billion.
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