Hong Kong Balance of Trade  1952-2017 | Data | Chart | Calendar | Forecast

Hong Kong's trade deficit increased by 40 percent to HKD 35.65 billion in May 2017 from HKD 26.2 billion in the same month of the previous year, as exports went up 4 percent and imports rose at a faster 6.6 percent. Considering the five months of 2017, the trade deficit widened to HKD 180.5 billion from HKD 154.9 billion in the same period of the previous year, with exports rising by 8.2 percent and imports increasing 9.1 percent. Balance of Trade in Hong Kong averaged -6897.55 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
Please Paste this Code in your Website
width
height
 Preview
Receive the next reported value for Hong Kong Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Register Login
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Learn More Interested? Click here to contact us


Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-25 08:30 AM Mar H$-42.3B H$-56.3B H$-47B
2017-05-25 08:30 AM Apr H$-34.13B H$-42.3B H$-26.6B
2017-06-26 08:30 AM May H$-35.65B H$-34.13B H$-30B
2017-07-27 08:30 AM Jun H$-35.65B
2017-08-24 08:30 AM Jul
2017-09-26 08:30 AM Aug




Hong Kong Trade Gap Widens 40% YoY In May


Hong Kong's trade deficit increased by 40 percent to HKD 35.65 billion in May 2017 from HKD 26.2 billion in the same month of the previous year, as exports went up 4 percent and imports rose at a faster 6.6 percent. Considering the five months of 2017, the trade deficit widened to HKD 180.5 billion from HKD 154.9 billion in the same period of the previous year, with exports rising by 8.2 percent and imports increasing 9.1 percent.

Year-on-year, exports increased by 4 percent to HKD 303.1 billion in May 2017, after an increase of 7.1 percent in the previous month. Exports to Asia as a whole went up by 5.5 percent, mainly to India (29.2 percent); Taiwan (16.7 percent); Vietnam (16.4 percent); Japan (6.3 percent) and China (3.8 percent). Apart from destinations in Asia, exports went up mostly to Germany (2.1 percent) and the US (1 percent).

By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (7.7 percent); office machines and automatic data processing machines (6.8 percent), and non-ferrous metals (80.4 percent). 

Imports went up by 6.6 percent to HKD 338.8 billion, after 7.3 percent rise in the preceding month. Increases were recorded from South Korea (13.1 percent); India (56.6 percent); the Philippines (26.2 percent); Singapore (8.6 percent); China (2.8 percent); Malaysia (21.2 percent) and Thailand (10.8 percent). 

By commodity, imports surged for: electrical machinery apparatus and appliances, and electrical parts thereof (10.2 percent); miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) (26.8 percent); and office machines and automatic data processing machines (8.3 percent).

A Government spokesman noted that merchandise exports grew moderately in May. Exports to major Asian markets continued to provide the main impetus to overall growth, reflecting the sustained expansion of regional trading and production activities. The spokesman commented further that looking ahead, the improving global economic situation should continue to be conducive to Asia's as well as Hong Kong's export performance. Yet, the external trading landscape is still overcast by uncertainties arising from the pace of US monetary policy normalisation, Brexit as well as other policy and political developments in the US and Europe. Also, the risks of rising protectionist sentiment and geopolitical tensions in various regions persist.

Statistics Department of Hong Kong l Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/26/2017 8:50:29 AM


Recent Releases

Hong Kong Trade Gap Widens 10% YoY In April
Hong Kong's trade deficit increased by 10 percent to HKD 34.13 billion in April 2017 from HKD 31 billion in the same month of the previous year, as exports went up 7.1 percent and imports rose at a faster 7.3 percent. Considering the first four months of 2017, the trade deficit widened to HKD 144.9 billion from HKD 128.7 billion in the same period of the previous year, with exports rising by 9.4 percent and imports increasing 9.8 percent.
Published on 2017-05-25

Hong Kong Trade Deficit Narrows In March
Hong Kong's trade deficit decreased by 10.1 percent to HKD 42.3 billion in March 2017 from HKD 47.0 billion in the same month of the previous year, as exports went up 16.9 percent and imports rose at a slower 13 percent.
Published on 2017-04-25

Hong Kong Trade Gap Biggest In 2 Years
Hong Kong's trade deficit increased by 69.8 percent to HKD 56.3 billion in February 2017 from HKD 33.1 billion the same month of the previous year. It is the biggest trade deficit since December 2014, as exports went up 18.2 percent and imports at a faster 25.4 percent.
Published on 2017-03-27

Hong Kong Trade Deficit Narrows To 5-Year Low
Hong Kong's trade deficit decreased by 29.4 percent to HKD 12.30 billion in January 2017 from HKD 17.48 billion the same month of the previous year as imports declined more than exports. Exports went down by 1.2 percent to HKD 296.3 billion while imports decreased by 2.7 percent to HKD 308.6 billion. It is the smallest deficit since January 2012.
Published on 2017-02-27



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -35648.00 -34131.00 7228.00 -59253.00 HKD Million [+]
Exports 303105.00 305389.00 340935.00 172.00 HKD Million [+]
Imports 338753.00 339520.00 385817.00 230.00 HKD Million [+]
Current Account 16669.00 36764.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.50 3.30 13.70 -6.30 percent [+]
Terms of Trade 100.20 99.70 108.50 99.00 Index Points [+]
Capital Flows 12087.00 -66102.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4587014.00 4775834.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10988936.00 10313247.00 10988936.00 2707907.00 HKD Million [+]
Foreign Direct Investment 13356.84 13230.81 13356.84 1955.85 HKD Billion [+]

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



Hong Kong Balance of Trade Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-35648.00 -34131.00 7228.00 -59253.00 1952 - 2017 HKD Million Monthly



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.70 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 4341.51 May/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17