Hong Kong Balance of Trade  1952-2018 | Data | Chart | Calendar | Forecast

Hong Kong trade gap increased 12.1 percent year-on-year to HKD 54.1 billion in June of 2018 from HKD 48.3 billion in the same month a year earlier. Imports rose 4.4 percent to HKD 394.5 billion, boosted by electrical machinery, apparatus & appliances and electrical parts thereof (9.7 percent); petroleum, petroleum products & related materials (99.6 percent) and office machines & automatic data processing machines (12.1 percent). Meantime, exports advanced 3.3 percent to HKD 340.3 billion, mainly due to electrical machinery, apparatus & appliances and electrical parts thereof (11.5 percent); office machines & automatic data processing machines (5.6 percent) and miscellaneous manufactured articles (7.3 percent), namely jewelry, goldsmiths and silversmiths wares. Considering the first half of the year, exports went up 9.3 percent and imports jumped 10.5 percent, recording a trade deficit of HKD 273.7 billion. Balance of Trade in Hong Kong averaged -7507.21 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.

Hong Kong Balance of Trade
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Hong Kong Trade Gap Widens in May


Hong Kong trade gap widened 21.3 percent year-on-year to HKD 43.3 billion in May of 2018 from HKD 35.6 billion in the same month a year earlier. Imports increased 16.5 percent to HKD 394.6 billion, driven by electrical machinery, apparatus and appliances and electrical parts thereof (25.3 percent); office machines and automatic data processing machines (38.5 percent) and telecommunications and sound recording and reproducing apparatus and equipment (10.0 percent). Meantime, exports rose 15.9 percent to HKD 351.4 billion, boosted by electrical machinery, apparatus and appliances, and electrical parts thereof (22.8 percent) and office machines and automatic data processing machines (32.7 percent).

Year-on-year, imports edged up 16.5 percent to HKD 394.6 billion from a 11.1 percent gain in the previous month. Imports were driven by higher purchases of  electrical machinery, apparatus and appliances and electrical parts thereof (25.3 percent); office machines and automatic data processing machines (38.5 percent) and telecommunications and sound recording and reproducing apparatus and equipment (10.0 percent). In contrast, purchases fell for miscellaneous manufactured articles (-5.5 percent), namely jewellery, goldsmiths' and silversmiths' wares.

Purchases advanced mainly from: Malaysia (+69.7 percent), Korea (+44.1 percent), Taiwan (+22.3 percent), Singapore (+20.3 percent), Philippines (+18.8 percent) and China (+18.4 percent).

Exports rose 15.9 percent to HKD 351.4 billion, following a 8.1 increase in April. Sales to Asia as a whole surged 15.8 percent, in particular to Singapore (+43.9 percent), Malaysia (+43.6 percent), Philippines (+25.5 percent), China (+19.2 percent), Thailand (+18.6 percent) and Japan (+13.0 percent). Meanwhile, decreases were recorded in exports to India (-21.7 percent) and Taiwan (-1.9 percent).

By commodity, shipments increased for electrical machinery, apparatus and appliances, and electrical parts thereof (22.8 percent); office machines and automatic data processing machines (32.7 percent) and telecommunications and sound recording and reproducing apparatus and equipment (10.0 percent). On the other hand, exports dropped for non-metallic mineral manufactures (-13.2 percent).

Considering the first five months of 2018, the trade deficit widened to HKD 219.8 billion from HKD 180.5 billion in the same period of 2017, as exports went up 10.7 percent and imports advanced 11.9 percent. 


Census and Statistics Department of Hong Kong l Stefanie Moya | stefanie.moya@tradingeconomics.com
6/26/2018 9:20:24 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-28 08:30 AM Balance of Trade H$-46.9B H$-55.5B H$ -35.4B
2018-06-26 08:30 AM Balance of Trade H$-43.3B H$-46.9B H$ -43.1B
2018-07-26 08:30 AM Balance of Trade H$-54.1B H$-43.3B H$ -48.1B
2018-08-27 08:30 AM Balance of Trade H$-54.1B H$ -38.3B
2018-09-27 08:30 AM Balance of Trade H$ -42.3B
2018-10-25 08:30 AM Balance of Trade H$ -49.9B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -54137.00 -43250.00 7228.00 -59898.00 HKD Million [+]
Exports 340334.00 351368.00 367423.00 172.00 HKD Million [+]
Imports 394471.00 394618.00 420586.00 230.00 HKD Million [+]
Current Account 16251.00 15985.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.20 4.00 15.00 -6.30 percent [+]
Terms of Trade 100.20 99.80 108.50 99.00 Index Points [+]
Capital Flows -44572.00 -32013.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4741779.00 4953003.00 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 12775626.00 12220499.00 12775626.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-54137.00 -43250.00 7228.00 -59898.00 1952 - 2018 HKD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1154.26 Jul/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


Related

Latest