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.

Ok
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.

Please Paste this Code in your Website
width
height
Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-25228.00 -45700.00 7228.00 -59898.00 1952 - 2021 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-24 08:30 AM Oct H$-36.8B H$-12.7B H$-11B
2020-12-28 08:30 AM Nov H$-25.6B H$-36.8B H$-10B
2021-01-26 08:30 AM Dec H$-45.7B H$-25.6B H$-20B
2021-02-25 08:30 AM Jan H$-25.2B H$-45.7B H$-35B
2021-03-25 08:30 AM Feb H$-25.2B
2021-04-27 08:30 AM Mar
2021-05-27 08:30 AM Apr
2021-06-28 08:30 AM May


News Stream
Hong Kong Posts Smallest Trade Gap in 4 Months
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%).
2021-02-25
Hong Kong Posts Widest Trade Gap Since 2019
The trade deficit in Hong Kong rose to HKD 45.7 billion in December of 2020 from HKD 32.5 billion a year ago. It was the largest trade gap since June of 2019. Imports climbed 14.1% year-on-year to an all-time high of HKD 437.9 billion, driven by purchases of electrical machinery, apparatus & appliances (23.6%); telecommunications and sound recording and reproducing apparatus (17.7%) and office machines and automatic data processing machines (13.1%). Among major trading partners, imports increased mainly from China (14.7%), Taiwan (35.6%), Singapore (21.7%) and South Korea (42%). Exports advanced 11.7% to a record high of HKD 392.2 billion, boosted by sales of electrical machinery, apparatus & appliances (20.8%); telecommunications and sound recording and reproducing apparatus and equipment (8.1%), non-ferrous metals (174.7%) and office machines and automatic data processing machines (10.1%). Shipments rose mostly to China (17.5%), the US (3.2%), Taiwan (28.9%) and Vietnam (18.2%).
2021-01-26
Hong Kong Trade Gap Narrows Slightly in November
The trade deficit in Hong Kong shrank to HKD 25.6 billion in November of 2020 from HKD 26.2 billion in the same month of the previous year. Exports surged 5.6% to HKD 379.6 billion, boosted by sales of electrical machinery, apparatus and appliances (10.5%); non-metallic mineral manufactures (20.2%); professional, scientific and controlling instruments and apparatus (20.4%) an non-ferrous metals (177.2%). Shipments rose mostly to China (8%), Taiwan (19.4%) and Vietnam (14.3%). Imports grew at a slower 5.1% to HKD 405.2 billion, due to higher purchases of electrical machinery, apparatus and appliances (14%); office machines and automatic data processing machines (8.2%); miscellaneous manufactured articles (6.2%); non-metallic mineral manufactures (6.7%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (78.9%). Purchases increased mainly from China (4.3%), Taiwan (19.4%), Singapore (8.1%), South Korea (20.8%).
2020-12-28
Hong Kong Trade Deficit Widens in October
The trade deficit in Hong Kong widened to HKD 36.8 billion in October 2020 from HKD 30.6 billion in the same month of the previous year. Exports fell 1.1 percent over a year earlier to HKD 344.7 billion, due to lower sales of telecommunications and sound recording & reproducing apparatus and equipment (-10.1%); and articles of apparel & clothing accessories (-20.4%). Shipments dropped mostly to Thailand (-24%), Singapore (-20.3%), South Korea (-7.6%), the US (-3.9%) and China (-1.4%). Imports rose 0.6 percent to HKD 381.4 billion, boosted by higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (8.2%); essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (63.6%) and non-ferrous metals (22.7%). Purchases increased mainly to South Korea (21.3%), Taiwan (15.5%) and Singapore (+12.9%). Considering the first ten months of the year, the country recorded a trade gap of HKD 270.8 billion.
2020-11-24

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.