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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Hong Kong Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 08:30 AM Sep H$-42.4B H$-26.3B H$ -27B
2021-11-25 08:30 AM Oct H$-30.5B H$-42.4B H$-48.2B
2021-12-28 08:30 AM Nov H$-30.5B


Related Last Previous Unit Reference
Balance of Trade -30464.00 -42391.00 HKD Million Oct/21
Current Account 68499.00 60620.00 HKD Million Jun/21
Current Account to GDP 6.60 6.00 percent of GDP Dec/20
Imports 448741.00 484206.00 HKD Million Oct/21
Exports 418278.00 441814.00 HKD Million Oct/21
Terms of Trade 98.80 100.00 points Sep/21
Capital Flows -97917.00 -89259.00 HKD Million Jun/21
Tourist Arrivals 9879.00 10811.00 Persons Sep/21
Foreign Direct Investment 16596.15 16180.93 HKD Billion Jun/21
External Debt 14232778.00 13809621.00 HKD Million Jun/21

News Stream
Hong Kong October Trade Gap Narrows
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%).
2021-11-25
HK September Trade Gap Widens, Both Exports and Imports at Record High
The trade deficit in Hong Kong widened to HKD 42.4 billion in September of 2021 from HKD 12.7 billion a year earlier. Imports surged 23.5% and hit an all-time high of HKD 484.2 billion, driven mostly by electrical machinery and related parts (25.4%). Large purchases were seen from China (29%), Taiwan (24.5%), Singapore (20%), South Korea (37.5%), and Japan (12.3%). At the same time, exports rose at a slower 16.5% to a record high of HKD 441.8 billion, mainly boosted by sales of Electrical machinery (16.5%); Office machines and automatic data processing machines (45.6%); gold and silver articles (34%) and non-metallic mineral manufactures (30.7%). Major increases were recorded in sales from China (11.2%), USA (11.2%), Taiwan (53.6%), India (27.6%) and Japan (12.7%).
2021-10-26
HK Trade Gap Widens, Both Exports and Imports at Record High
The trade deficit in Hong Kong widened to HKD 26.3 billion in August of 2021 from HKD 14.6 billion a year earlier. Exports were up 25.9% YoY to a record high of HKD 433.7 billion, mainly boosted by sales of non-ferrous metals (92.2%); power generating machinery and equipment (52.8%); and Office machines and automatic data processing machines (43.6%). Major increases were recorded in sales from Taiwan (49.6%), Netherlands (45.5%), South Korea (39.8%) and Germany (34.1%). At the same time, imports rose 28.1% and hit an all-time high of HKD 459.9 billion, with biggest increases in purchases seen from South Korea (47.8%), Singapore (38.3%), Taiwan (32.9%), Philippines (30%) and China (28.1%).
2021-09-28

Hong Kong Balance of Trade
Since the late 1990’s Hong Kong has been recording trade deficits, as imports grew at a faster pace than exports. Hong Kong major exports are electrical machinery, apparatus and appliances; telecommunications and sound equipment and automatic data processing machines. The country imports mainly machinery and transport equipment; miscellaneous manufactured articles; manufactured goods and food and live animals. Main trading partner is China (40 percent of total exports and 47 percent of total imports). Others include: Japan, Singapore, Taiwan and the United States.