The trade deficit in Hong Kong fell to HKD 25.2 billion in January of 2021 from HKD 30.6 billion a year ago. It was the smallest trade gap since September, as exports advanced 44% year-on-year to HKD 388 billion, boosted by sales of electrical machinery, apparatus & appliances (52.2%); telecommunications, sound recording & reproducing apparatus (41.8%); office machines & automatic data processing machines (44.1%) and non-ferrous metals (336.7%). Among major trading partners, exports grew mostly to China (58.8%), the US (18.7%) and Taiwan (73.2%). Meantime, imports rose 37.7% to HKD 413 billion, driven by purchases of electrical machinery, apparatus & appliances (45.7%); telecommunications, sound recording & reproducing apparatus (40.5%); office machines and automatic data processing machines (43.6%) and miscellaneous manufactured articles (mainly jewelry) (35.3%). Imports increased primarily from China (40.4%), Taiwan (61.8%) and Singapore (35.5%). source: Census and Statistics Department, Hong Kong
Balance of Trade in Hong Kong averaged -8527.58 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 March of 2021.
Balance of Trade in Hong Kong is expected to be -20000.00 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 -82000.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -82000.00 HKD Million in 2022 and -52000.00 HKD Million in 2023, according to our econometric models.