Hong Kong Imports Growth Strongest Since 2010

Imports to Hong Kong surged 38.1% year-on-year to USD 535 billion in January 2026, accelerating from a 30.6% increase in December. This marked the strongest annual growth rate since March 2010, driven by higher purchases of non-ferrous metals (135.3%), telecommunications and sound recording and reproducing equipment (80%), power-generating machinery and equipment (46.5%), electrical machinery, apparatus, appliances, and electrical parts (44.8%), miscellaneous manufactured articles (44.1%), and non-metallic mineral manufactures (30.3%). By source, imports expanded most from Vietnam (129.8%), India (125.1%), Korea (75%), Mainland China (46.6%), and Singapore (42.8%).

Imports to Hong Kong surged 30.6% year-on-year to reach a record high of USD 576 billion in December 2025, following an 18.1% increase in the previous month. This marked the fastest annual growth since June 2021, fueled by increased purchases across all product categories. The largest increases were observed in electrical machinery, apparatus, and appliances, including parts (27.9%), telecommunications and sound recording/reproducing equipment (59.6%), office machines and automatic data processing machines (47%), miscellaneous manufactured articles (41%), and power-generating machinery and equipment (43.2%). By source, imports grew most from Mainland China (33.9%), Taiwan (30.8%), Singapore (17.2%), and Korea (15.9%), while arrivals from Thailand declined by 6.4%.

Imports to Hong Kong surged 18.1% year-on-year to $517.4 billion in November 2025, hitting the highest since December 2021, following an 18.3% gain in October. Growth was driven by electrical machinery and parts (+16.9%), telecommunications and sound recording equipment (+34.3%), office machines and automatic data processing machines (+7.9%), and professional, scientific and controlling instruments (+20.5%), while miscellaneous manufactured articles fell 4.5%. By source, imports rose most sharply from Vietnam (+102.3%), Mainland China (+25.0%), Malaysia (+21.1%), the UK (+19.7%), the US (+17.8%), Japan (+5.1%), Taiwan (+3.1%) and Singapore (+1.6%), while imports from Korea declined by 6.3%.