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.

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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.