Hong Kong Imports Post Strongest Growth in 34 Years

Imports to Hong Kong rose 44.4% year-on-year to USD 650 billion in April 2026, following a 41.2% rise in the previous month. This marked the highest growth since February 1992, driven by higher purchases of miscellaneous manufactured articles, mainly jewelry, goldsmiths' and silversmiths' wares (95.4%), telecommunications and sound recording and reproducing apparatus and equipment (62.1%), and electrical machinery, apparatus, and appliances and electrical parts thereof (46.8%). By source, imports recorded the strongest growth among major suppliers from Korea (117.4%), India (104.1%), Vietnam (86.0%), the United Kingdom (80.5%), Malaysia (64.7%) and the Mainland China (46.8%).

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%).