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

Hong Kong trade deficit widened 37.5 percent year-on-year to HKD 46.9 billion in April of 2018 from HKD 34.1 billion in the same month a year earlier. It is the highest trade gap for an April month since 2014 as imports jumped 11.1 percent year-on-year to HKD 377.2 billion, mostly due to electrical machinery & electrical parts thereof; office machines & automatic data processing machines and photographic equipment. Meantime, exports increased 8.1 percent to HKD 330.2 billion, mainly due to electrical machinery & electrical parts thereof and office machines & automatic data processing machines. For the first four months of 2018 as a whole, exports rose by 9.3 percent while imports increased 10.7 percent over the same period a year earlier. As a result, the trade deficit widened 22 percent to HKD 176.8 billion. Balance of Trade in Hong Kong averaged -7403.72 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 Highest in 4 Years for April


Hong Kong trade deficit widened 37.5 percent year-on-year to HKD 46.9 billion in April of 2018 from HKD 34.1 billion in the same month a year earlier. It is the highest trade gap for an April month since 2014 as imports jumped 11.1 percent year-on-year to HKD 377.2 billion, mostly due to electrical machinery & electrical parts thereof; office machines & automatic data processing machines and photographic equipment. Meantime, exports increased 8.1 percent to HKD 330.2 billion, mainly due to electrical machinery & electrical parts thereof and office machines & automatic data processing machines.

Year-on-year, imports jumped 11.1 percent to HKD 377.2 billion, after a 10.7 percent gain in the prior month. Purchases increased mainly from Malaysia (+93.2 percent), South Korea (+26.3 percent), Taiwan (+23.8 percent), Philippines (+17.2 percent), Japan (+10.5 percent) and China (+9.6 percent). By contrast, total imports went down from India (-26.3 percent) and Singapore (-3.3 percent).

By commodity, imports grew mostly for electrical machinery & electrical parts thereof (+18.9 percent); office machines & automatic data processing machines (+28.3 percent) and photographic equipment, watches & clocks (+23 percent). On the other hand, a drop was recorded in the value of imports of miscellaneous manufactured articles (-7.9 percent).

Exports rose 8.1 percent to HKD 333.2 billion, following an 8 percent gain in March. Sales to Asia as a whole grew 7.2 percent, in particular Taiwan (+27.8 percent), Singapore (+15 percent), China (+12.9 percent), Thailand (+12.6 percent) and Malaysia (+10.4 percent). In contrast, total exports fell to India (-49.5 percent) and South Korea (-2 percent). Apart from destinations in Asia, an increase was recorded in the values of total exports to USA (+11.7 percent), Germany (+8 percent) and the UK (+7 percent).

By commodity, shipments advanced for electrical machinery & electrical parts thereof (+18.3 percent); office machines & automatic data processing machines (+17.3 percent) and miscellaneous manufactured articles (+31.5 percent). Meanwhile, a fall was registered in the value of total exports of non-metallic mineral manufactures (-42.9 percent).

For the first four months of 2018 as a whole, exports rose by 9.3 percent while imports increased 10.7 percent over the same period a year earlier. As a result, the trade deficit widened 22 percent to HKD 176.8 billion.


Census and Statistics Department of Hong Kong | Gabriela Costa | gabriela.costa@tradingeconomics.com
5/28/2018 9:32:14 AM



Calendar GMT Actual Previous Consensus TEForecast
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$-46.9B H$-55.5B H$ -35.4B
2018-06-26 08:30 AM Balance of Trade H$-46.9B H$ -43.1B
2018-07-26 08:30 AM Balance of Trade H$ -41.3B
2018-08-27 08:30 AM Balance of Trade H$ -38.3B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -46949.00 -55504.00 7228.00 -59898.00 HKD Million [+]
Exports 330224.00 347732.00 367423.00 172.00 HKD Million [+]
Imports 377173.00 403236.00 420586.00 230.00 HKD Million [+]
Current Account 16251.00 15985.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.20 4.00 15.00 -6.30 percent [+]
Terms of Trade 100.00 99.70 108.50 99.00 Index Points [+]
Capital Flows -44572.00 -32013.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5301602.00 4995122.00 6009577.00 427254.00 [+]
Gold Reserves 2.10 2.10 2.10 2.08 Tonnes [+]
Foreign Direct Investment 13356.84 13230.81 13356.84 1955.85 HKD Billion [+]
External Debt 12775626.00 12220499.00 12775626.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-46949.00 -55504.00 7228.00 -59898.00 1952 - 2018 HKD Million Monthly




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


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