Hong Kong Current Account Surplus Narrows in Q2

Hong Kong’s current account surplus narrowed to HKD 98.2 billion in the third quarter of 2025 from HKD 113.2 billion in the same period a year earlier. The primary income surplus decreased sharply to HKD 54.5 billion in Q3 2025 from HKD 80.3 billion in Q3 2024. At the same time, the secondary income deficit edged higher to HKD 5.9 billion from HKD 5.2 billion. On the other hand, the goods account posted a surplus of HKD 1.5 billion in Q3 2025, shifting from a deficit of HKD 0.6 billion in the same quarter last year, and the services account surplus widened further, rising to HKD 48.0 billion from HKD 38.8 billion.

Hong Kong’s current account surplus narrowed to HKD 92.6 billion in the second quarter of 2025 from HKD 98.5 billion in the same period a year earlier, as a widening goods deficit offset gains elsewhere. The goods account deficit widened sharply to HKD 38.0 billion from HKD 14.1 billion, while the secondary income deficit edged higher to HKD 6.4 billion from HKD 5.1 billion. In contrast, the primary income surplus climbed to HKD 107.0 billion from HKD 90.2 billion, and the services account surplus rose to HKD 30.0 billion in Q2 2025 from HKD 27.5 billion in Q2 2024.

Hong Kong’s current account surplus widened to HKD 125.2 billion in the first quarter of 2025 from HKD 95.3 billion in the same period a year earlier, driven primarily by a larger primary income surplus and stronger services trade. The primary income surplus rose notably to HKD 79.7 billion from HKD 61.3 billion, while the services account surplus increased to HKD 54.9 billion from HKD 44.7 billion. The goods account deficit narrowed to HKD 3.0 billion from HKD 6.2 billion. In contrast, the secondary income deficit widened to HKD 6.4 billion from HKD 4.5 billion a year earlier.