Hong Kong Imports Hit Highest Annual Growth Since January 2024

Imports to Hong Kong jumped 18.9% YoY to $461.4 billion in May 2025, the strongest growth since January 2024, following a 15.8% rise in the previous month.

Imports rose notably from Vietnam (+67.3%), the United Kingdom (+49.2%), Taiwan (+33.5%), Malaysia (+27.7%), Mainland China (+18.5%), and the US (+10.7%), while declining from South Korea (-5.0%).

By product category, imports rose across most sectors, led by electrical machinery, apparatus and appliances, and electrical parts thereof (23.7% vs 16.8% in April), office machines and automatic data processing machines (69.4% vs 67.1%), telecommunications and sound recording and reproducing equipment (14.8% vs 29.5%), miscellaneous manufactured articles (2.8% vs -8.7%), and power-generating machinery and equipment (22.7% vs 20.4%).

In contrast, imports declined in non-metallic mineral manufactures (-4.1% vs -15.0%) and petroleum, petroleum products and related materials (-9.5% vs -18.2%).