Hong Kong Balance of Trade  1952-2018 | Data | Chart | Calendar | Forecast

Hong Kong trade deficit increased by 16.8 percent to HKD 39.7 billion in November 2017 from HKD 34.1 billion in the same month of the previous year. Imports rose 8.6 percent to HKD 407.1 billion while exports advanced at a softer 7.8 percent to HKD 367.4 billion. Balance of Trade in Hong Kong averaged -7150.90 HKD Million from 1952 until 2017, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59253 HKD Million in December of 2014.

Hong Kong Balance of Trade
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Hong Kong Trade Gap Widens in November


Hong Kong trade deficit increased by 16.8 percent to HKD 39.7 billion in November 2017 from HKD 34.1 billion in the same month of the previous year. Imports rose 8.6 percent to HKD 407.1 billion while exports advanced at a softer 7.8 percent to HKD 367.4 billion. Considering the January to November period, the trade deficit widened to HKD 421.2 billion from HKD 374.9 billion in the same period of the previous year, with imports soaring 8.7 percent and exports rising 8.2 percent.

Year-on-year, imports soared 8.6 percent to HKD 407.1 billion, after a 7.9 percent increase in the prior month. Purchases grew mostly from Malaysia (68.5 percent), India (38.1 percent), the Philippines (25.4 percent), Korea (21.7 percent), Thailand (8.9 percent), China (6.5 percent) and Taiwan (4.7 percent). By contrast, decreases were registered in the values of imports from the United States (-7.4 percent) and Japan (-0.6 percent).

By commodity, imports advanced mainly for: electrical machinery, apparatus and appliances, and electrical parts thereof (12.8 percent); non-metallic mineral manufactures (37.6 percent) and office machines and automatic data processing machines (16.8 percent). However, a decline was registered in the value of imports of articles of apparel and clothing accessories (-5 percent).

Exports increased at a softer 7.8 percent to HKD 367.4 billion, following a 6.7 percent gain in October. Shipments to Asia as a whole grew 8.9 percent, in particular to India (17 percent), Japan (14.6 percent), the Philippines (12.3 percent), Vietnam (11.6 percent), China (10.1 percent), Malaysia (8.2 percent) and Korea (6.1 percent). On the other hand, a decrease was recorded in the value of total exports to Singapore (-15.5 percent). Apart from destinations in Asia, increases were registered in the values of total exports to some major destinations in other regions, in particular Germany (13.1 percent) and the United States (7.4 percent). Conversely, a fall was registered in the value of total exports to the United Kingdom (-3 percent).

By commodity, sales rose for: electrical machinery, apparatus and appliances, and electrical parts thereof (15.6 percent); non-metallic mineral manufactures (28.8 percent) and miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) (13.7 percent). However, a decrease was registered in the value of total exports of photographic apparatus, equipment and supplies, optical goods, watches and clocks (-6.4 percent).


Statistics Department of Hong Kong | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/28/2017 9:18:41 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-26 08:30 AM Balance of Trade H$-44.7B H$-35.5B H$-38.5B H$-38.2B
2017-11-27 08:30 AM Balance of Trade H$-44.0B H$-44.7B H$-44.7B H$-47.3B
2017-12-28 08:30 AM Balance of Trade H$-39.7B H$-44.0B
2018-01-25 08:30 AM Balance of Trade H$-39.7B H$ -41.7B
2018-02-27 08:30 AM Balance of Trade H$ -41.4B
2018-03-27 08:30 AM Balance of Trade H$ -40B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -39706.00 -43959.00 7228.00 -59253.00 HKD Million [+]
Exports 367423.00 334735.00 367423.00 172.00 HKD Million [+]
Imports 407129.00 378694.00 407129.00 230.00 HKD Million [+]
Current Account 57980.00 17992.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.50 3.30 13.70 -6.30 percent [+]
Terms of Trade 99.90 99.60 108.50 99.00 Index Points [+]
Capital Flows -89585.00 -45533.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4971119.00 5278677.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
Foreign Direct Investment 13356.84 13230.81 13356.84 1955.85 HKD Billion [+]
External Debt 11818112.00 11670549.00 11818112.00 2707907.00 HKD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Hong Kong Balance of Trade

Since the late 1990’s Hong Kong has been recording trade deficits, as imports grew at a faster pace than exports. Hong Kong major exports are electronics and household electrical appliances, clothing and footwear, textile yarn and fabrics, toys and games and watches and clocks. The country imports mainly machinery and equipment, manufactured goods and articles, mineral fuels and food. Main trading partner is China (54 percent of total exports and 45 percent of total imports). Others include: Japan, the United States and Taiwan. This page provides the latest reported value for - Hong Kong Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-39706.00 -43959.00 7228.00 -59253.00 1952 - 2017 HKD Million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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