Hong Kong’s jewellery exports were down 24.8 per cent from January to April this year as businesses continue to suffer from pandemic-driven challenges.
Data from the Census and Statistics Department also showed that exports of jewellery, goldsmiths’ and silversmiths’ wares in April alone recorded a 37.3 per cent slump.
Jewellery imports were similarly on the downswing, with year-to-date figures showing a 17.7 per cent decline. April imports slid 20.4 per cent, according to government data.
Hong Kong’s total exports meanwhile saw a slower rate of decline at 8.1 per cent during the first four months of 2020, compared to a 9.7 per cent dip in the first quarter.
“Exports to the US and the EU continued to record double-digit falls as the Covid-19 situation remained serious in these markets,” a government spokesperson said. “While exports to mainland China increased visibly, those to many other Asian markets recorded decreases of varying degrees.”
The global economy will remain sluggish until the pandemic is contained, the government said, adding that Hong Kong’s merchandise exports are expected to remain under pressure in the near term.
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