Hong Kong’s trade deficit narrowed to HKD 13.3 billion in August of 2022 from HKD 26.3 billion a year ago. It was the smallest trade shortfall in seven months, as imports slumped by 16.3% over a year earlier to HKD 385.1 billion, on lower purchases of electrical machinery, apparatus and appliances (-16.4%); telecommunications and sound recording and reproducing apparatus (-25.8%); office machines (-29.0%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (-26.1%). Imports declined primarily from China (-24.1%), Singapore (-15.7%) and South Korea (-29.4%). Meanwhile, exports fell 14.3% to HKD 371.9 billion, amid lower shipments of electrical machinery, apparatus and appliances (-13.8%); telecommunications and sound recording and reproducing apparatus (-27.9%); office machines (-14.1%) and non-ferrous metals (-39.6%). Among major trading partners, shipments fell mostly to China (-19.4%), the US (-7.7%) and Japan (-24.7%). source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong averaged -8998.60 HKD Million from 1952 until 2022, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -68533 HKD Million in June of 2022. 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 September of 2022.

Balance of Trade in Hong Kong is expected to be -25000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Balance of Trade is projected to trend around -42000.00 HKD Million in 2023 and -398300.00 HKD Million in 2024, according to our econometric models.

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Hong Kong Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-25 08:30 AM Jul H$-27.6B H$-68.5B H$-73B
2022-09-26 08:30 AM Aug H$-13.3B H$-27.6B H$-53B
2022-10-25 08:30 AM Sep H$-13.3B H$ -25B


Related Last Previous Unit Reference
Balance of Trade -13264.00 -27554.00 HKD Million Aug 2022
Current Account 30901.00 79029.00 HKD Million Jun 2022
Current Account to GDP 6.60 6.00 percent of GDP Dec 2020
Exports 371870.00 379638.00 HKD Million Aug 2022
Imports 385134.00 407193.00 HKD Million Aug 2022
Terms of Trade 100.50 99.70 points Jul 2022
Capital Flows -61142.00 -49515.00 HKD Million Jun 2022
Tourist Arrivals 48048.00 41112.00 Jul 2022
Exports YoY -14.30 -8.90 percent Aug 2022
Imports YoY -16.30 -9.90 percent Aug 2022
External Debt 14421438.00 14550202.00 HKD Million Jun 2022
Foreign Direct Investment 16836.60 16633.04 HKD Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-13264.00 -27554.00 7228.00 -68533.00 1952 - 2022 HKD Million Monthly

News Stream
Hong Kong Posts Smallest Trade Gap in 7 Months
Hong Kong’s trade deficit narrowed to HKD 13.3 billion in August of 2022 from HKD 26.3 billion a year ago. It was the smallest trade shortfall in seven months, as imports slumped by 16.3% over a year earlier to HKD 385.1 billion, on lower purchases of electrical machinery, apparatus and appliances (-16.4%); telecommunications and sound recording and reproducing apparatus (-25.8%); office machines (-29.0%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (-26.1%). Imports declined primarily from China (-24.1%), Singapore (-15.7%) and South Korea (-29.4%). Meanwhile, exports fell 14.3% to HKD 371.9 billion, amid lower shipments of electrical machinery, apparatus and appliances (-13.8%); telecommunications and sound recording and reproducing apparatus (-27.9%); office machines (-14.1%) and non-ferrous metals (-39.6%). Among major trading partners, shipments fell mostly to China (-19.4%), the US (-7.7%) and Japan (-24.7%).
2022-09-26
Hong Kong Trade Gap Narrows in July
Hong Kong’s trade deficit narrowed to HKD 27.6 billion in July of 2022 from HKD 35 billion a year ago. Exports fell 8.9% from a year earlier to HKD 379.6 billion mainly due to lower sales of electrical machinery, apparatus and appliances, and electrical parts thereof (-2.8%), telecommunications and sound recording and reproducing apparatus and equipment (-28.6%) and office machines and automatic data processing machines (-15.3%). Among major trading partners, shipments decreased to China (-10.7%), the US (-15.8%), and Taiwan (-4.4%) but rose to India (+33.2%). Meanwhile, imports dropped at a faster 9.9% to HKD 407.2 billion, dragged down by electrical machinery, apparatus and appliances, and electrical parts thereof (-5.6%) and telecommunications and sound recording and reproducing apparatus and equipment (-26.3%). Imports declined from China (-17.4%) and Singapore (-6.5%) but went up from Taiwan (3.1%).
2022-08-25
Hong Kong Trade Gap Widens in June
Hong Kong’s trade deficit widened to HKD 68.5 billion in June of 2022 from HKD 40.5 billion a year ago. Exports tumbled 6.4 percent from a year earlier to HKD 380.7 billion due to lower sales of telecommunications and sound recording and reproducing apparatus and equipment (-33.8 percent) and electrical machinery, apparatus and appliances, and electrical parts thereof (-1.4 percent). Among major trading partners, shipments decreased to Asia (5.4 percent), in particular in Japan (-18.3 percent) and China (-10.4 percent). Meanwhile, imports rose 0.5 percent to HKD 449.2 billion, lifted by electrical machinery, apparatus and appliances, and electrical parts (4.9 percent), and professional, scientific and controlling instruments and apparatus (37.4 percent). Imports dropped went up from Vietnam (40.5 percent), Taiwan (18 percent), and Malaysia ( 14.8 percent).
2022-07-25