The value of Hong Kong's total export of goods rose by 5.2% year over year in December 2024 to HK$406.7 billion, while the value of goods imports fell 1.1% to HK$441.2 billion, according to data from Hong Kong's Census and Statistics Department on Monday.

The value of goods exports and imports had increased by 2.1% and 5.7% year over year, respectively, in November 2024.

A visible trade deficit of HK$34.5 billion, equivalent to 7.8% of the value of goods imports, was recorded in December 2024.

For full year 2024, goods export and import value saw a respective 8.7% and 6% boost from a year prior.

A visible trade deficit of HK$379.7 billion, representing 7.7% of the value of imports of goods, was logged in 2024.

On a seasonally adjusted basis, export and import value slipped 1.1% and 0.6% in the fourth quarter from the preceding quarter.