Hong Kong Imports Growth Strongest Since 1992

Imports to Hong Kong jumped 41.2% year-on-year to USD 707 billion in March 2026, following February’s 29.9% rise. This marked the highest growth since February 1992, as purchases increased for non-ferrous metals (+403.6%), telecommunications and sound recording and reproducing apparatus and equipment (+93%), and electrical machinery, apparatus, and appliances and electrical parts thereof (+49.5%). In contrast, imports declined for professional, scientific, and controlling instruments and apparatus (-3.4%) and office machines and automatic data processing machines (-0.7%). By source, imports recorded the strongest growth from the United Kingdom (118.5%), Korea (112.2%), India (88.1%), Vietnam (85.7%), the USA (66%), and Mainland China (48.8%).

Imports to Hong Kong rose 29.9% year-on-year to USD 473 billion in February 2026, easing from January’s 38.1% growth, the strongest since March 2010. This marked the slowest pace of growth since November 2025, as purchases increased for non-ferrous metals (474.8%), telecommunications and sound recording and reproducing apparatus and equipment (67.6%), electrical machinery, apparatus and appliances and electrical parts thereof (30.5%), and power-generating machinery and equipment (24.4%). In contrast, imports declined for professional, scientific and controlling instruments and apparatus (-13.3%), petroleum, petroleum products and related materials (-6.4%), and non-metallic mineral manufactures (4%). By source, imports recorded the strongest growth from the United Kingdom (230.6%), India (130.8%), Korea (113.6%), Vietnam (71.6%), Malaysia (31.1%), and the Mainland China (28.2%).

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%).