India, July 27 -- Hong Kong's foreign trade deficit decreased in June from a year ago as exports grew faster than imports, data from the Census and Statistics Department showed on Monday.
The trade shortfall dropped to HK$52.0 billion in June from HK$59.0 billion in the same month last year. In May, the trade balance showed a deficit of HK$44.2 billion.
Exports jumped 53.4 percent year-on-year in June, and imports surged by 45.4 percent. The overall upturn in exports was underpinned by strong global demand for AI-related electronic products.
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