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

Hong Kong trade deficit widened to HKD 55.5 billion in March of 2018 from HKD 42.3 billion in the same month a year earlier. Imports jumped 10.7 percent year-on-year to HKD 403.2 billion, mostly due to electrical machinery & electrical parts thereof; office machines & automatic data processing machines and petroleum & petroleum products. Meantime, exports increased 8 percent to HKD 347.7 billion, mainly due to electrical machinery & electrical parts thereof. For the first quarter of 2018 as a whole, exports rose by 9.7 percent while imports increased 10.6 percent over the same quarter in 2017. As a result, the trade deficit widened 17.3 percent to HKD 130 billion. Balance of Trade in Hong Kong averaged -7353.98 HKD Million from 1952 until 2018, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59898 HKD Million in December of 2017.

Hong Kong Balance of Trade
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Hong Kong Trade Deficit Widens in March


Hong Kong trade deficit widened to HKD 55.5 billion in March of 2018 from HKD 42.3 billion in the same month a year earlier. Imports jumped 10.7 percent year-on-year to HKD 403.2 billion, mostly due to electrical machinery & electrical parts thereof; office machines & automatic data processing machines and petroleum & petroleum products. Meantime, exports increased 8 percent to HKD 347.7 billion, mainly due to electrical machinery & electrical parts thereof. For the first quarter of 2018 as a whole, exports rose by 9.7 percent while imports increased 10.6 percent over the same quarter in 2017. As a result, the trade deficit widened 17.3 percent to HKD 130 billion.

Year-on-year, imports jumped 10.7 percent to HKD 403.2 billion, after a 3.2 percent drop in the prior month. Purchases increased mainly from Malaysia (+98.1 percent), Switzerland (+45.8 percent), Taiwan (+34.9 percent), Singapore (+22.1 percent) and Korea (+15.9 percent). By contrast, total imports from India went down (-29.7 percent).

By commodity, imports grew mostly for electrical machinery & electrical parts thereof (+23.7 percent); office machines & automatic data processing machines (+24.1 percent) and power generating machinery & equipment (+42.1 percent). On the other hand, a drop was recorded in the value of imports of non-metallic mineral manufactures (-21.4 percent).

Exports rose 8 percent to HKD 347.7 billion, following a 1.7 percent gain in February. Sales to Asia as a whole grew 9.4 percent, in particular Malaysia (+17.5 percent), China (+17.3 percent), Singapore (+4.7 percent), Korea (+2.8 percent) and Thailand (+2.3 percent). In contrast, total exports fell to India (-35.3 percent) and Taiwan (-7.4 percent). Apart from destinations in Asia, an increase was recorded in the values of total exports to Germany (+5.8 percent), while sales dropped for the United Kingdom (-2.4 percent) and the US (-0.8 percent).

By commodity, shipments advanced for electrical machinery & electrical parts thereof (+23.7 percent); office machines & automatic data processing machines (+ 24.1 percent) and power generating machinery & equipment (+42.1 percent). Meanwhile, a fall was registered in the value of total exports of non-metallic mineral manufactures (-21.4 percent).


Census and Statistics Department of Hong Kong | Gabriela Costa | gabriela.costa@tradingeconomics.com
4/26/2018 9:34:56 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-27 08:30 AM Balance of Trade H$-31.9B H$-59.9B H$ -45.7B
2018-03-27 08:30 AM Balance of Trade H$-42.7B H$-31.9B H$ -42.4B
2018-04-26 08:30 AM Balance of Trade H$-55.5B H$-42.7B H$ -23.6B
2018-05-28 08:30 AM Balance of Trade H$-55.5B H$ -35.4B
2018-06-26 08:30 AM Balance of Trade H$ -43.1B
2018-07-26 08:30 AM Balance of Trade H$ -117B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -55504.00 -42732.00 7228.00 -59898.00 HKD Million [+]
Exports 347732.00 245744.00 367423.00 172.00 HKD Million [+]
Imports 403236.00 288476.00 420586.00 230.00 HKD Million [+]
Current Account 15179.00 58746.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.20 4.00 15.00 -6.30 percent [+]
Terms of Trade 100.20 100.80 108.50 99.00 Index Points [+]
Capital Flows -32013.00 -89585.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5280971.00 5333562.00 6009577.00 427254.00 [+]
Gold Reserves 2.10 2.08 2.10 2.08 Tonnes [+]
Foreign Direct Investment 13356.84 13230.81 13356.84 1955.85 HKD Billion [+]
External Debt 12220499.00 11818112.00 12220499.00 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 electrical machinery, apparatus and appliances; telecommunications and sound equipment and automatic data processing machines. The country imports mainly machinery and transport equipment; miscellaneous manufactured articles; manufactured goods and food and live animals. Main trading partner is China (40 percent of total exports and 47 percent of total imports). Others include: Japan, Singapore, Taiwan and the United States. 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-55504.00 -42732.00 7228.00 -59898.00 1952 - 2018 HKD Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 2315.30 Mar/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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