Hong Kong's exports have risen for the seventh consecutive month. The latest government figures show an increase of 24.4 percent for last month, which is up slightly on the April figure. Demand from the US was up almost a quarter. But Asian markets remained the driver of growth. Imports rose 29.7 percent, resulting in a trade deficit of just over HK$25 billion. The government, however, is warning that the European sovereign debt crisis may affect trade flows later this year.