The trade deficit in Hong Kong widened to HKD 44.5 billion in October of 2018 from HKD 43.9 billion in the corresponding month of the previous year, as imports jumped 13.1 percent to HKD 428.1 billion and exports climbed 14.6 percent to a record high of HKD 383.6 billion. Balance of Trade in Hong Kong averaged -7662.58 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.

Balance of Trade in Hong Kong is expected to be -51946.00 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 -51916.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -52019.00 HKD Million in 2020, according to our econometric models.

Hong Kong Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-27 08:30 AM Balance of Trade H$-47.1B H$-54.1B H$ -38.3B
2018-09-27 08:30 AM Balance of Trade H$-52.1B H$-47.1B H$ -42.3B
2018-10-25 08:30 AM Balance of Trade H$-47.7B H$-52.1B H$ -50.2B
2018-11-26 08:30 AM Balance of Trade H$-44.5B H$-47.7B H$ -39.8B
2018-12-27 08:30 AM Balance of Trade H$-44.5B H$ -41.6B
2019-01-24 08:30 AM Balance of Trade H$ -50.5B
2019-02-27 08:30 AM Balance of Trade



Hong Kong Trade Gap Rises in October



The trade deficit in Hong Kong widened to HKD 44.5 billion in October of 2018 from HKD 43.9 billion in the corresponding month of the previous year, as imports jumped 13.1 percent to HKD 428.1 billion and exports climbed 14.6 percent to a record high of HKD 383.6 billion.

Year-on-year, imports rose 13.1 percent to HKD 428.1 billion, driven by higher purchases of electrical machinery, apparatus & appliances & electrical parts thereof (+9.4 percent); telecommunications, sound recording, reproducing apparatus & equipment (+24.8 percent); office machines & automatic data processing machines (+21.4 percent) and miscellaneous manufactured articles (+30.7 percent). 

Among major trading partners, imports advanced mainly from China (18 percent); Singapore (10.7 percent); Korea (13.8 percent); Japan (13.1 percent); the US (14.8 percent) and Malaysia (30 percent), while purchases fell from Taiwan (-3.6 percent) and India (-3.2 percent).

Exports jumped 14.6 percent from a year earlier to a record high of HKD 383.6 billion, as shipments advanced for electrical machinery, apparatus & appliances & electrical parts thereof (+21.4 percent); telecommunications, sound recording, reproducing apparatus & equipment (+21.7 percent); office machines & automatic data processing machines (+6.5 percent) and miscellaneous manufactured articles (+21.1 percent). 

Sales went up to China (17.8 percent); the US (10.3 percent); Vietnam (13.6 percent) and Germany (4.2 percent). On the other hand, exports declined to India (-5.4 percent); Japan (-8.3 percent) and Taiwan (-19.1 percent).

Considering the January to October period, exports advanced 9.8 percent to HKD 3,455.8 billion and imports climbed 11.1 percent to HKD 3,922.1 billion, recording a trade deficit of HKD 466.3 billion.


Census and Statistics Department of Hong Kong | Agna Gabriel | agna.gabriel@tradingeconomics.com
11/26/2018 8:57:39 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -44490.00 -47715.00 7228.00 -59898.00 HKD Million [+]
Exports 383651.50 374961.00 383651.50 172.00 HKD Million [+]
Imports 428141.80 422676.00 428452.00 230.00 HKD Million [+]
Current Account 15660.00 16564.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.20 4.00 15.00 -6.30 percent [+]
Terms of Trade 99.50 99.00 108.50 99.00 Index Points [+]
Capital Flows -45878.00 -44572.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5884512.00 4718536.00 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 13057340.00 12775626.00 13057340.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-44490.00 -47715.00 7228.00 -59898.00 1952 - 2018 HKD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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