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This compared with a deficit of $24.7 billion, equivalent to 2.5% of the value of imports, recorded in the first 1 months of 1993.
Commenting on the latest trade figures, a Government spokesman said export performance improved further in November.
The growth in re-exports accelerated and domestic exports continued to show a notable increase, he said.
Owing to greater import requirements arising from the recovery in domestic exports and continued increase in capital investment locally, retained imports remained robust, rising by 41% in November over a year earlier.
The visible trade deficit thus widened further.
A more detailed analysis of Hong Kong's external trade for November 1994, by commodity and country, will be released in mid-January.