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.