The trade deficit in Hong Kong widened to HKD 42.4 billion in September of 2021 from HKD 12.7 billion a year earlier. Imports surged 23.5% and hit an all-time high of HKD 484.2 billion, driven mostly by electrical machinery and related parts (25.4%). Large purchases were seen from China (29%), Taiwan (24.5%), Singapore (20%), South Korea (37.5%), and Japan (12.3%). At the same time, exports rose at a slower 16.5% to a record high of HKD 441.8 billion, mainly boosted by sales of Electrical machinery (16.5%); Office machines and automatic data processing machines (45.6%); gold and silver articles (34%) and non-metallic mineral manufactures (30.7%). Major increases were recorded in sales from China (11.2%), USA (11.2%), Taiwan (53.6%), India (27.6%) and Japan (12.7%). source: Census and Statistics Department, Hong Kong
Balance of Trade in Hong Kong averaged -8736.47 HKD Million from 1952 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Balance of Trade in Hong Kong is expected to be -15000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Balance of Trade is projected to trend around -25000.00 HKD Million in 2022 and -32000.00 HKD Million in 2023, according to our econometric models.