Hong Kong’s trade deficit widened to HKD 36.7 billion in May of 2022 from HKD 25,5 billion a year ago. Imports increased 1.3% on year to HKD 424.8 billion, lifted by electrical machinery, apparatus and appliances, and electrical parts thereof (7.2%); professional, scientific and controlling instruments and apparatus (47.8%); miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (12.3%); and office machines and automatic data processing machines (6.7%). Imports rose mainly from Vietnam (+33%), Malaysia (+29.7%) and Taiwan (+17.5%). Meanwhile, exports fell 1.4% to HKD 388.1 billion, weighed down by worsening global economic prospects. Sales fell sharply for telecommunications, sound recording and reproducing apparatus and equipment ( -23.7%), miscellaneous manufactured articles (-13.4%) and non-ferrous metals (-16.9%). Total exports to Asia dropped by 2.7%, while increased to other major countries, in particular the USA (+17.4%) and Germany (+2.5%). source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong averaged -8903.23 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 July 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.

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
2022-05-26 08:30 AM Apr H$-36.6B H$-37.3B H$-39B
2022-06-27 08:30 AM May H$-36.7B H$-36.6B H$-38B
2022-07-25 08:30 AM Jun H$-36.7B H$ -25B


Related Last Previous Unit Reference
Balance of Trade -36675.00 -36582.00 HKD Million May 2022
Current Account 78508.00 97038.00 HKD Million Mar 2022
Current Account to GDP 6.60 6.00 percent of GDP Dec 2020
Exports 388137.00 389003.00 HKD Million May 2022
Imports 424812.00 425585.00 HKD Million May 2022
Terms of Trade 99.50 99.10 points Apr 2022
Capital Flows -49515.00 -128804.00 HKD Million Mar 2022
Tourist Arrivals 18710.00 4692.00 May 2022
External Debt 14550202.00 14652248.00 HKD Million Mar 2022
Foreign Direct Investment 16836.60 16633.04 HKD Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-36675.00 -36582.00 7228.00 -59898.00 1952 - 2022 HKD Million Monthly

News Stream
Hong Kong Trade Gap Widens in May
Hong Kong’s trade deficit widened to HKD 36.7 billion in May of 2022 from HKD 25,5 billion a year ago. Imports increased 1.3% on year to HKD 424.8 billion, lifted by electrical machinery, apparatus and appliances, and electrical parts thereof (7.2%); professional, scientific and controlling instruments and apparatus (47.8%); miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (12.3%); and office machines and automatic data processing machines (6.7%). Imports rose mainly from Vietnam (+33%), Malaysia (+29.7%) and Taiwan (+17.5%). Meanwhile, exports fell 1.4% to HKD 388.1 billion, weighed down by worsening global economic prospects. Sales fell sharply for telecommunications, sound recording and reproducing apparatus and equipment ( -23.7%), miscellaneous manufactured articles (-13.4%) and non-ferrous metals (-16.9%). Total exports to Asia dropped by 2.7%, while increased to other major countries, in particular the USA (+17.4%) and Germany (+2.5%).
2022-06-27
Hong Kong Trade Gap Widens on Recovery
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%).
2022-05-26
Hong Kong Trade Deficit Widens, Trade Volume Falls
Hong Kong’s trade deficit widened to HKD 37.3 billion in March of 2022 from HKD 27.0 billion a year earlier. Imports fell for the first time since August of 2020 amid a huge virus outbreak, retreating 6.0% yoy to HKD 410.0 billion, led by declines in purchases of telecommunications & sound recording and reproducing apparatus (-33.4%); miscellaneous manufactured goods (-14.5%); and office machines and automatic data processing machines (-4.9%). Lower imports hit mostly China (-19.9%), Japan (-7.4%), and Thailand (-5.4%), while purchases from Taiwan rose sharply (34.1%). Also, exports declined for the first time since October of 2020, down 8.9% to HKD 372.8 billion, weighed by telecommunications & sound recording and reproducing apparatus (-37.1%); office machines and automatic data processing machines (-9.8%); and non-ferrous metals (-41.2%). Total exports to Asia dropped by 8.6%, particularly for China (-12.8%) and Japan (-6.8%), while shipments to the US went up (7.0%).
2022-04-28