Hong Kong trade deficit narrowed to HKD 33.3 billion in June 2020 from HKD 34.7 billion in the corresponding month of the previous year. Imports dropped 7.1 percent to HKD 338.9 billion, mostly due to lower purchases of non-metallic mineral manufactures (-51.1%); miscellaneous manufactured articles (-29.1%); and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-43.8%). Exports went down 1.3 percent to HKD 305.6 billion, as sales declined for miscellaneous manufactured articles (-29.7%); non-metallic mineral manufactures (-35.4%); articles of apparel & clothing accessories (-45.4%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-37.3%). For the first half of 2020 as a whole, the country recorded a HKD 175.2 billion trade gap, as exports decreased by 6.9% over the same period in 2019 and imports fell by 9.4%.

Balance of Trade in Hong Kong averaged -8335.96 HKD Million from 1952 until 2020, 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 August of 2020. source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong is expected to be -5000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Hong Kong to stand at -39000.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -22000.00 HKD Million in 2021 and -52000.00 HKD Million in 2022, according to our econometric models.

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Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-33300.00 -13730.00 7228.00 -59898.00 1952 - 2020 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-27 08:30 AM Mar H$-34.7B H$-38.6B H$ -71B
2020-05-25 08:30 AM Apr H$-23.3B H$-34.7B H$-55B
2020-06-29 08:30 AM May H$-13.7B H$-23.3B H$-25B
2020-07-27 08:30 AM Jun H$-33.3B H$-13.7B H$ -15B
2020-08-26 08:30 AM Jul H$-33.3B
2020-09-24 08:30 AM Aug
2020-10-27 08:30 AM Sep H$ -5B
2020-11-24 08:30 AM Oct


News Stream
Hong Kong Trade Deficit Narrows in June
Hong Kong trade deficit narrowed to HKD 33.3 billion in June 2020 from HKD 34.7 billion in the corresponding month of the previous year. Imports dropped 7.1 percent to HKD 338.9 billion, mostly due to lower purchases of non-metallic mineral manufactures (-51.1%); miscellaneous manufactured articles (-29.1%); and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-43.8%). Exports went down 1.3 percent to HKD 305.6 billion, as sales declined for miscellaneous manufactured articles (-29.7%); non-metallic mineral manufactures (-35.4%); articles of apparel & clothing accessories (-45.4%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-37.3%). For the first half of 2020 as a whole, the country recorded a HKD 175.2 billion trade gap, as exports decreased by 6.9% over the same period in 2019 and imports fell by 9.4%.
2020-07-27
Hong Kong Trade Gap Narrows in May
Hong Kong trade deficit narrowed to HKD 13.73 billion in May of 2020 from HKD 34.71 billion in the corresponding month of the previous year. It was the smallest trade gap since January last year, as imports declined 12.3 percent to HKD 331.3 billion, mainly due to lower purchases of telecommunications and sound recording and reproducing apparatus and equipment (-18.7%), jewellery, goldsmiths' and silversmiths' wares (-37.9%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-52.1%). Exports fell 7.4 percent to HKD 317.6 billion, as sales dropped for telecommunications and sound recording and reproducing apparatus and equipment (-20.5%), mainly jewellery, goldsmiths' and silversmiths' wares (-39.9%), non-metallic mineral manufactures ( 34.2%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-45.2%).
2020-06-29
Hong Kong Posts Smallest Trade Gap in Over a Year
Hong Kong trade deficit narrowed to HKD 23.3 billion in April 2020 from HKD 35.1 billion in the corresponding month of the previous year. It was the smallest trade gap since January last year, as imports declined 6.7 percent year-on-year to HKD 332.8 billion, mainly due to lower purchases of telecommunications and sound recording and reproducing apparatus and equipment (-21%); non-metallic mineral manufactures (-53.1%) and petroleum & petroleum products (-73.4%). Exports fell 3.7 percent to HKD 309.5 billion, as sales dropped for telecommunications and sound recording and reproducing apparatus and equipment (-20.9%); non-metallic mineral manufactures (-64.3%) and miscellaneous manufactured articles (-37.3%). “Looking ahead, the global economy will remain sluggish until the covid-19 pandemic is well contained. Hong Kong's merchandise export performance is thus expected to remain under pressure in the near term”, a Government spokesman said.
2020-05-25
Hong Kong Trade Gap Narrows in March
Hong Kong trade deficit narrowed to HKD 34.7 billion in March 2020 from HKD 59.2 billion a year earlier. Imports dropped 11.1% to HKD 358.4 billion, due to lower purchases of telecommunications and reproducing equipment (-16.6%); non-metallic mineral manufactures (-40.3%) and electrical machinery, apparatus & appliances, and electrical parts thereof (-4.4%). Export fell 5.8% to HKD 323.6 billion, due to lower sales of non-metallic mineral manufactures (-62.2%); telecommunications and sound recording and reproducing apparatus and equipment (-19.4%) and miscellaneous manufactured articles (-20.8%). For the first quarter of 2020 as a whole, the country recorded a HKD 103.8 billion trade shortfall, as exports went down 9.7% and declined 10%. A Government spokesman said that as covid-19 has spread across the world since March and caused a severe contraction of global economic activity, Hong Kong's merchandise exports will remain under notable pressure in the near term.
2020-04-27

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.