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

Hong Kong trade gap increased by 10.6 percent to HKD 35.53 billion in August of 2017 from a HKD 32.10 billion shortfall in the same month of the previous year, as imports rose at a faster 7.7 percent and exports advanced 7.4 percent. Considering the January to August period, the trade deficit widened to HKD 293.1 billion from HKD 264.8 billion in the same period of the previous year, with imports increasing 8.6 percent and exports rising 8.4 percent. Balance of Trade in Hong Kong averaged -7015.21 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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Hong Kong Trade Deficit Widens in August


Hong Kong trade gap increased by 10.6 percent to HKD 35.53 billion in August of 2017 from a HKD 32.10 billion shortfall in the same month of the previous year, as imports rose at a faster 7.7 percent and exports advanced 7.4 percent. Considering the January to August period, the trade deficit widened to HKD 293.1 billion from HKD 264.8 billion in the same period of the previous year, with imports increasing 8.6 percent and exports rising 8.4 percent.

Year-on-year, imports surged 7.7 percent to HKD 368.2 billion in August of 2017, after a 5.5 percent gain in the previous month. Increases were recorded from major suppliers, namely the Philippines (35.7 percent); Korea (30.9 percent); Singapore (30.2 percent); Malaysia (15.4 percent); Thailand (12.9 percent) and China (3.9 percent). Meanwhile, purchases declined from India (-7.8 percent).

By commodity, imports grew for: electrical machinery, apparatus and appliances, and electrical parts thereof (13.1 percent); office machines and automatic data processing machines (15.4 percent); petroleum, petroleum products and related materials (62.6 percent). In contrast, a decrease was registered in purchases of articles of apparel and clothing accessories (-7.6 percent).

Exports rose 7.4 percent to HKD 332.7 billion in August of 2017, after a 7.7 percent gain in the preceding month. Exports to Asia as a whole grew 10 percent, mainly to Taiwan (23.6 percent); Thailand (22.1 percent); the Philippines (15.9 percent); Japan (11.4 percent); China (10.8 percent) and Vietnam (5.7 percent) while fell to Korea (-8.3 percent). Apart from destinations in Asia, an increase was reported to Germany (6.5 percent) while decreases were seen to the United Kingdom (-18.2 percent) and the United States (-5.5 percent).

By commodity, exports advanced for: electrical machinery, apparatus and appliances, and electrical parts thereof (11 percent); office machines and automatic data processing machines (18.9 percent) and telecommunications and sound recording and reproducing apparatus and equipment (3 percent). However, sales of articles of apparel and clothing accessories fell 13.1 percent.

A Government spokesman noted that merchadise exports grew notably further in August, boosted by strengthened global demand. The spokesman commented also that looking ahead, the improvement in global economic conditions should continued to support Asia and Hong Kong's export performance. However, the external environment is still under various uncertainties, particularly those arising from the US monetary policy normalisation as well possible actions by other major central banks, Brexit and possible rise of protectionist sentiment and elevated geopolitical tensions in various regions.

Statistics Department of Hong Kong lLuisa Carvalho | luisa.carvalho@tradingeconomics.com
9/26/2017 9:40:04 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-27 08:30 AM Balance of Trade H$-48.3B H$-35.65B
2017-08-24 08:30 AM Balance of Trade H$-29.6B H$-48.3B
2017-09-26 08:30 AM Balance of Trade H$-35.5B H$-29.6B H$-30.2B
2017-10-26 08:30 AM Balance of Trade H$-35.5B
2017-11-27 08:30 AM Balance of Trade
2017-12-28 08:30 AM Balance of Trade


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -35527.00 -29601.00 7228.00 -59253.00 HKD Million [+]
Exports 332663.00 326589.00 340935.00 172.00 HKD Million [+]
Imports 368190.00 356190.00 385817.00 230.00 HKD Million [+]
Current Account 16409.00 16669.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.50 3.30 13.70 -6.30 percent [+]
Terms of Trade 99.10 100.30 108.50 99.00 Index Points [+]
Capital Flows -45533.00 12087.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5023433.00 5167700.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 11670549.00 10988936.00 11670549.00 2707907.00 HKD Million [+]
Foreign Direct Investment 13356.84 13230.81 13356.84 1955.85 HKD Billion [+]

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 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-35527.00 -29601.00 7228.00 -59253.00 1952 - 2017 HKD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.00 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17