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.