Hong Kong’s trade deficit widened to HKD 36.6 billion in April of 2022 from HKD 31.8 billion a year earlier. Imports rebounded amid the improving pandemic situation, rising 2.1% to HKD 425.6 billion, driven by electrical machinery, apparatus & appliances (3.8%); office machines and automatic data processing machines (10.5%); and professional, scientific, and controlling instruments & apparatus (41.1%). Higher purchases came mostly from the US (26.4%) and Singapore (15.9%), while imports dropped from China (-5.3%) and Japan (-8.0%). Also, exports bounced back by 1.1% to HKD 389.0 billion, lifted by electrical machinery, apparatus & appliances (11.3%); miscellaneous manufactured goods (19.3%); and professional, scientific, and controlling instruments & apparatus (39.9%). Total exports to Asia dropped by 2.0%, mainly weighed down by China (-9.4%). Still, shipments rose sharply to India (79.4%), Malaysia (33.0%) and the US (31.3%). source: Census and Statistics Department, Hong Kong
Balance of Trade in Hong Kong averaged -8870.32 HKD Million from 1952 until 2022, 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 June of 2022.
Balance of Trade in Hong Kong is expected to be -25000.00 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 -32000.00 HKD Million in 2023, according to our econometric models.