Hong Kong Balance of Trade  1952-2017 | Data | Chart | Calendar | Forecast

Hong Kong's trade deficit increased by 10 percent to HKD 34.13 billion in April 2017 from HKD 31 billion in the same month of the previous year, as exports went up 7.1 percent and imports rose at a faster 7.3 percent. Considering the first four months of 2017, the trade deficit widened to HKD 144.9 billion from HKD 128.7 billion in the same period of the previous year, with exports rising by 9.4 percent and imports increasing 9.8 percent. Balance of Trade in Hong Kong averaged -6860.88 HKD Million from 1952 until 2017, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59253 HKD Million in December of 2014.

Hong Kong Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-27 08:30 AM Feb H$-56.3B H$-12.3B H$-30B
2017-04-25 08:30 AM Mar H$-42.3B H$-56.3B H$-47B
2017-05-25 08:30 AM Apr H$-34.13B H$-42.3B H$-26.6B
2017-06-26 08:30 AM May H$-34.13B
2017-07-27 08:30 AM Jun
2017-08-24 08:30 AM Jul




Hong Kong Trade Gap Widens 10% YoY In April


Hong Kong's trade deficit increased by 10 percent to HKD 34.13 billion in April 2017 from HKD 31 billion in the same month of the previous year, as exports went up 7.1 percent and imports rose at a faster 7.3 percent. Considering the first four months of 2017, the trade deficit widened to HKD 144.9 billion from HKD 128.7 billion in the same period of the previous year, with exports rising by 9.4 percent and imports increasing 9.8 percent.

Year-on-year, exports increased by 7.1 percent to HKD 305.4 billion in April 2017, after an increase of 16.9 percent in the previous month. Exports to Asia as a whole went up by 9.4 percent, mainly to India (96.9 percent); Taiwan (30 percent); Vietnam (18.5 percent); Thailand (17.8 percent); Malaysia (14.2 percent);  China (4.1 percent), and Japan (9.8 percent). Apart from destinations in Asia, exports went up mostly to Germany (6.5 percent).

By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (10.1 percent); telecommunications and sound recording and reproducing apparatus and equipment (5.8 percent), and non-metallic mineral manufactures (35.6 percent). 

Imports went up by 7.3 percent to HKD 339.5 billion in April 2017, after 13 percent rise in the preceding month. Increases were recorded from South Korea (35.3 percent); India (35.3 percent); the Philippines (30 percent); Singapore (14.5 percent); China (4.5 percent); and Malaysia (12.3 percent).

By commodity, imports surged for: electrical machinery apparatus and appliances, and electrical parts thereof (13.2 percent); petroleum, petroleum products and related materials (93.8 percent); and miscellaneous manufactured articles (mainly jewelry, goldsmiths and silversmiths' wares) (24.8 percent).

A Government spokesman noted that merchandise exports grew visibly in April, propelled mainly by the sturdy growth in exports to many Asian markets amid an improving global economy. The spokesman commented further that looking ahead, the gradual improvement in global economic conditions should continue to support Hong Kong's export performance. However, the external environment is still subject to various uncertainties, especially those stemming from the US interest rate normalisation, Brexit and other policy and political developments in the US and Europe, possible rise of protectionist sentiment and elevated geopolitical tensions in various regions.

Statistics Department of Hong Kong l Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/25/2017 8:58:40 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -34131.00 -42268.00 7228.00 -59253.00 HKD Million [+]
Exports 305389.00 321895.00 340935.00 172.00 HKD Million [+]
Imports 339520.00 364163.00 385817.00 230.00 HKD Million [+]
Current Account 34834.00 45738.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.50 3.30 13.70 -6.30 percent [+]
Terms of Trade 99.70 100.00 108.50 99.00 Index Points [+]
Capital Flows -66102.00 -75890.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4586186.00 4181417.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10313247.00 10375352.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Hong Kong Balance of Trade Notes

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 electronics and household electrical appliances, clothing and footwear, textile yarn and fabrics, toys and games and watches and clocks. The country imports mainly machinery and equipment, manufactured goods and articles, mineral fuels and food. Main trading partner is China (54 percent of total exports and 45 percent of total imports). Others include: Japan, the United States and Taiwan. 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-34131.00 -42268.00 7228.00 -59253.00 1952 - 2017 HKD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17