Hong Kong's value of total goods exports rose 10.2 percent in January and February comparing with that of the same period last year, Hong Kong Census and Statistics Department said on Monday.

According to statistics from the department, the re-exports value surged 13.5 percent while the value of domestic exports value fell 35.3 percent. Concurrently, the value of goods imports grew 7.8 percent.

A visible trade deficit of 11.9 billion Hong Kong dollars (about 1.52 billion U.S. dollars), equivalent to 3.1 percent of the goods imports value, was recorded. The two months are combined for analysis to neutralize the distortion caused by the different timing of the Lunar New Year holidays this year.

While total exports to the Chinese mainland remained strong, those to the European Union showed notable improvement. Total exports to the US also stayed firm despite the expected weakening of demand in this market.

The department said the near-term trade performance will continue to hinge on the global economic environment, particularly the evolving situation in the US economy, and exchange rate movements.

The two-month period saw year-on-year increases in the value of total exports to most major destinations, particularly the United Kindom(+23.4%), Italy(+18%), the Chinese mainland(+11.3%) and the United States(+7.9%). Falls were registered in total exports to South Korea(-8.1%).

The department said that significant year-on-year increases in the total exports value of most principal commodities were recorded, particularly electrical machinery, apparatus and appliances, and so on.