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Hong Kong Trade Deficit Largest Since 2023
Hong Kong’s trade deficit widened sharply to USD 63.25 billion in December 2025, from USD 34.5 billion in the same month a year earlier, marking the largest trade gap since September 2023. Imports surged 30.6% year-on-year to an all-time high of USD 576.05 billion, mainly driven by higher purchases of electrical machinery, apparatus, and appliances, and electrical parts (27.9%), and telecommunications and sound recording and reproducing equipment (59.6%). Imports rose the most from China (33.9%), Taiwan (30.8%), and Singapore (17.2%). Meanwhile, exports increased 26.1% year-on-year to a record peak of USD 512.8 billion, supported by higher shipments of electrical machinery and parts (30.7%) and telecommunications and sound recording equipment (46.8%). Exports recorded the largest gains to China (24.9%), the US (47.5%), and Vietnam (29.4%). For the full year of 2025, Hong Kong’s trade deficit reached USD 446.6 billion, with exports rising 15.4% and imports increasing 15.5%.
Published on 2026-01-27

Hong kong Trade Deficit Largest Since 2023
Hong Kong’s trade deficit widened sharply to USD 63.25 billion in December 2025, from USD 34.5 billion in the same month a year earlier, marking the largest trade gap since September 2023. Imports surged 30.6% year-on-year to USD 576.05 billion, mainly driven by higher purchases of electrical machinery, apparatus and appliances, and electrical parts (27.9%) and telecommunications and sound recording and reproducing equipment (59.6%). Imports rose the most from Mainland China (33.9%), Taiwan (30.8%), and Singapore (17.2%). Meanwhile, exports increased 26.1% year-on-year to USD 512.8 billion, supported by increased shipments of electrical machinery and parts (30.7%) and telecommunications and sound recording equipment (46.8%). Exports recorded the largest gains to Mainland China (24.9%), the US (47.5%), and Vietnam (29.4%). For the full year of 2025, Hong Kong’s cumulative trade deficit reached USD 446.6 billion, with exports rising 15.4% and imports increasing 15.5%.
Published on 2026-01-27

Hong Kong Trade Deficit Largest Since 2023
Hong Kong’s trade deficit widened sharply to USD 63.25 billion in December 2025, from USD 34.5 billion in the same month a year earlier, marking the largest trade gap since September 2023. Imports surged 30.6% year-on-year to USD 576.05 billion, mainly driven by higher purchases of electrical machinery, apparatus and appliances, and electrical parts (27.9%) and telecommunications and sound recording and reproducing equipment (59.6%). Imports rose the most from Mainland China (33.9%), Taiwan (30.8%), and Singapore (17.2%). Meanwhile, exports increased 26.1% year-on-year to USD 512.8 billion, supported by increased shipments of electrical machinery and parts (30.7%) and telecommunications and sound recording equipment (46.8%). Exports recorded the largest gains to Mainland China (24.9%), the US (47.5%), and Vietnam (29.4%). For the full year of 2025, Hong Kong’s cumulative trade deficit reached USD 446.6 billion, with exports rising 15.4% and imports increasing 15.5%.
Published on 2026-01-27

Hong Kong Trade Deficit Widens in November
Hong Kong's trade deficit widened to $48.5 billion in November 2025, from $43.4 billion in the same month of the previous year. Exports rose 18.8% year-on-year to $468.9 billion, mainly driven by higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (+15.9%) and telecommunications and sound recording and reproducing apparatus and equipment (+36.8%). Exports rose the most to US (+44.4%), Malaysia (+72.0%), Vietnam (+54.9%), and Netherlands (+36.4%). Meanwhile, imports grew 18.1% to $517.4 billion, mainly due to increased purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (+16.9%) and telecommunications and sound recording and reproducing apparatus and equipment (+34.3%). Imports increased the most from Vietnam (+102.3%), Malaysia (+21.5%) and the US (+17.8%). For the first eleven months of the year, the cumulative trade deficit reached $382.8 billion, with exports rising by 14.3% and imports growing by 14.1%.
Published on 2025-12-29

Hong Kong Trade Deficit Widens in October
Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year. Exports rose 17.5% year-on-year to $461.8 billion, mainly driven by higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (+16.1%) and telecommunications and sound recording and reproducing apparatus and equipment (+35.7%). Exports rose the most to US (+40.5%), Malaysia (+139.4%), Vietnam (+56.0%), and Netherlands (+56.8%).Meanwhile, imports grew 18.3% to $501.7 billion, mainly due to increased purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (+21.5%) and telecommunications and sound recording and reproducing apparatus and equipment (+45.5%). Imports increased the most from Vietnam (+189.1%), the UK (+55.7%), and Malaysia (+25.1%). For the first ten months of the year, the cumulative trade deficit reached $334.0 billion, with exports rising by 13.8% and imports growing by 13.6%.
Published on 2025-11-25

Hong Kong Trade Deficit Widens in October
Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year. Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year.
Published on 2025-11-25

Hong Kong Trade Deficit Widens in October
Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year. Exports rose 17.5% year-on-year to $461.8 billion, while imports climbed 18.3% to $501.7 billion.
Published on 2025-11-25

Hong Kong Trade Deficit Widens in October
Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year. Exports rose 17.5% year-on-year to $461.8 billion, mainly driven by higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (+16.1%) and telecommunications and sound recording and reproducing apparatus and equipment (+35.7%). Exports rose the most to US (+40.5%), Malaysia (+139.4%), Vietnam (+56.0%), and Netherlands (+56.8%).Meanwhile, imports grew 18.3% to $501.7 billion, mainly due to increased purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (+21.5%) and telecommunications and sound recording and reproducing apparatus and equipment (+45.5%). Imports increased the most from Vietnam (+189.1%), the UK (+55.7%), and Malaysia (+25.1%). For the first ten months of the year, the cumulative trade deficit reached $334.0 billion, with exports rising by 13.8% and imports growing by 13.6%.
Published on 2025-11-25

Hong Kong Trade Deficit Widens in October
Hong Kong's trade deficit widened to $39.9 billion in October 2025, from $31.0 billion in the same month of the previous year. Exports rose 17.5% year-on-year to $461.8 billion, mainly driven by higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (+16.1%) and telecommunications and sound recording and reproducing apparatus and equipment (+35.7%). Exports rose the most to US (+40.5%), Malaysia (+139.4%), Vietnam (+56.0%), and Netherlands (+56.8%).Meanwhile, imports grew 18.3% to $501.7 billion, mainly due to increased purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (+21.5%) and telecommunications and sound recording and reproducing apparatus and equipment (+45.5%). Imports increased the most from Vietnam (+189.1%), the UK (+55.7%), and Malaysia (+25.1%). For the first ten months of the year, the cumulative trade deficit reached $334.0 billion, with exports rising by 13.8% and imports growing by 13.6%.
Published on 2025-11-25

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025 from $53.2 billion in the corresponding month of the previous year. Exports increased by 16.1% year-on-year to $462.2 billion, primarily driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and Mainland China (16.7%). Meanwhile, imports grew at a softer pace of 13.6% to $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from Vietnam (68.7%), Singapore (33.2%), and Mainland China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025 from $53.2 billion in the corresponding month of the previous year. Exports increased by 16.1% year-on-year to $462.2 billion, primarily driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and Mainland China (16.7%). Meanwhile, imports grew at a softer pace of 13.6% to $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from Vietnam (68.7%), Singapore (33.2%), and Mainland China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025 from $53.2 billion in the corresponding month of the previous year. Exports increased by 16.1% year-on-year to a near four-year high of $462.2 billion, mainly driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and Mainland China (16.7%). Meanwhile, imports grew at a softer pace of 13.6% to $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from Vietnam (68.7%), Singapore (33.2%), and Mainland China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025, from $53.2 billion in the same month of the previous year. Exports increased by 16.1% yoy to a nearly four-year high of $462.2 billion, mainly driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and China (16.7%). Meanwhile, imports grew 13.6% to a nearly four-year high of $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from United Kingdom (+70.3%), Vietnam (68.7%), Singapore (33.2%), and China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025, from $53.2 billion in the same month of the previous year. Exports increased by 16.1% yoy to a nearly four-year high of $462.2 billion, mainly driven by higher sales electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%) and telecommunications and sound recording and reproducing apparatus and equipment (14.5%). Exports rose the most to Vietnam (50.9%), India (19.5%), and China (16.7%). Meanwhile, imports grew 13.6% to a nearly four-year high of $512.5 billion, mainly due to increased purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (16.2%) and office machines and automatic data processing machines (32.5%). Imports increased the most from the UK (70.3%), Vietnam (68.7%), and Singapore (33.2%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025, from $53.2 billion in the same month of the previous year. Exports increased by 16.1% yoy to a nearly four-year high of $462.2 billion, mainly driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and China (16.7%). Meanwhile, imports grew 13.6% to a nearly four-year high of $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from United Kingdom (+70.3%), Vietnam (68.7%), Singapore (33.2%), and China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in September
Hong Kong's trade deficit narrowed to $50.2 billion in September 2025, from $53.2 billion in the same month of the previous year. Exports increased by 16.1% yoy to a nearly four-year high of $462.2 billion, mainly driven by higher sales of non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus and appliances, and electrical parts thereof (22.8%). Exports rose the most to Vietnam (50.9%), India (19.5%), and Mainland China (16.7%). Meanwhile, imports grew 13.6% to a nearly four-year high of $512.5 billion, mainly due to increased purchases of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (25.6%). Imports increased the most from Vietnam (68.7%), Singapore (33.2%), and Mainland China (19.4%). For the first nine months of the year, the cumulative trade deficit reached $293.9 billion, with exports rising by 13.4% and imports growing by 13.1%.
Published on 2025-10-27

Hong Kong Trade Deficit Narrows in August
Hong Kong’s trade deficit narrowed to $25.4 billion in August 2025 from $33.1 billion in the same month last year. Exports rose 14.5% year-on-year to $436.6 billion, driven by strong growth in electrical machinery and equipment (15.7%) and telecommunications and audio equipment (23.9%). Exports expanded to both Asian and non-Asian markets, notably the US (+17.3%), UK (+55.8%), Netherlands (+65.7%), Malaysia (+73.6%), and Vietnam (+54.3%). Imports increased 11.5% to $462.0 billion, led by higher purchases of electrical machinery and related parts (15.2%) and telecommunications and audio-visual equipment (32.4%). Import growth was strongest from Vietnam (+80.8%), Malaysia (+14.6%), Japan (+13.3%), the Mainland China (+12.4%), and Taiwan (+5.5%), while imports from Korea declined (-11.5%). For the first eight months of 2025, the cumulative trade deficit reached $243.3 billion, with both exports and imports up 13.0% year-on-year.
Published on 2025-09-25

Hong Kong Trade Deficit Narrows in August
Hong Kong’s trade deficit narrowed to $25.4 billion in August 2025 from $33.1 billion in the same month last year. Exports rose 14.5% year-on-year to $436.6 billion, driven by strong growth in electrical machinery and equipment (15.7%) and telecommunications and audio equipment (23.9%). Exports expanded to both Asian and non-Asian markets, notably the US (+17.3%), UK (+55.8%), Netherlands (+65.7%), Malaysia (+73.6%), and Vietnam (+54.3%). Imports increased 11.5% to $462.0 billion, led by higher purchases of electrical machinery and related parts (15.2%) and telecommunications and audio-visual equipment (32.4%). Import growth was strongest from Vietnam (+80.8%), Malaysia (+14.6%), Japan (+13.3%), the Mainland China (+12.4%), the US (+0.3%), and Taiwan (+5.5%), while imports from Korea declined (-11.5%). For the first eight months of 2025, the cumulative trade deficit reached $243.3 billion, with both exports and imports up 13.0% year-on-year.
Published on 2025-09-25

Hong Kong Trade Deficit Widens in July
Hong Kong’s trade deficit widened to $34.1 billion in July 2025 from $21.9 billion in the same month last year. Exports rose 14.3% year-on-year to $446.3 billion, driven by strong growth in sales of electrical machinery and equipment (22.8%), and telecommunications and audio equipment (32.0%). Exports to Asia as a whole surged 19.3%, while shipments to non-Asian markets declined, particularly to the US (-7.6%) and the Netherlands (-42.1%). Meanwhile, imports increased 16.5% to $480.4 billion, mainly due to higher purchases of electrical machinery and related parts (21.9%), and telecommunications and audio-visual equipment (49.8%). Imports from most major suppliers recorded strong growth, led by Vietnam (+129.3%), Thailand (+33.1%), Singapore (+28.7%), and the UK (+24.8%). For the first seven months of 2025, the cumulative trade deficit reached $218.6 billion, with exports up 12.7% and imports up 13.2% compared to the same period last year.
Published on 2025-08-26

Hong Kong Trade Deficit Widens in June
Hong Kong’s trade deficit widened to $58.9 billion in June 2025 from $55.7 billion in the same month last year. Exports rose 11.9% year-on-year to $417.8 billion, driven by strong growth in sales of electrical machinery, apparatus and appliances, and electrical parts thereof (20.2%), as well as office machines and automatic data processing machines (10.4%). Exports to Asia as a whole surged 17.2%, while shipments to non-Asian markets declined, particularly to the US (-12.1%) and the Netherlands (-35.5%). Meanwhile, imports increased 11.1% to $476.7 billion, mainly due to higher purchases of electrical machinery and related parts (14.6%), and telecommunications and audio-visual equipment (17.7%). Imports from most major suppliers recorded strong growth, led by Vietnam (+50.6%), the United Kingdom (+44.7%), and the US (+3.9%). For the first half of 2025, the cumulative trade deficit reached $183.6 billion, with exports up 12.5% and imports up 12.6% compared to the same period last year.
Published on 2025-07-28