The trade deficit in Hong Kong narrowed to HKD 30.5 billion in October of 2021 from HKD 36.8 billion a year earlier. Exports jumped 21.4% to HKD 418.3 billion, mainly driven by sales of electrical machinery, apparatus, appliances, and related parts (30.0%); office machines and automatic data processing machines (27.0%); miscellaneous manufactured articles (50.2%). Shipments to Asian countries rose by 22.7%, primarily South Korea (49.9%), Taiwan (48.5%), Singapore (41.6%), and Malaysia (35.6%). Meanwhile, imports rose a slower 17.7% to HKD 448.7 billion, driven mostly by electrical machinery, apparatus, appliances, and related parts (19.7%); office machines and automatic data processing machines (37.5%); telecommunications and sound recording apparatus and equipment (16.7%). Imports rose most significantly from Taiwan (30.4%), China (26.0%), South Korea (42.2%), and the Philippines (17.9%). source: Census and Statistics Department, Hong Kong
Balance of Trade in Hong Kong averaged -8762.40 HKD Million from 1952 until 2021, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59898 HKD Million in December of 2017. This page provides the latest reported value for - Hong Kong Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Balance of Trade in Hong Kong is expected to be -15000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Balance of Trade is projected to trend around -25000.00 HKD Million in 2022 and -32000.00 HKD Million in 2023, according to our econometric models.