Hong Kong Trade Gap Biggest In 2 Years


Hong Kong's trade deficit increased by 69.8 percent to HKD 56.3 billion in February 2017 from HKD 33.1 billion the same month of the previous year. It is the biggest trade deficit since December 2014, as exports went up 18.2 percent and imports at a faster 25.4 percent.

Year-on-year, exports rose by 18.2 percent to HKD 241.7 billion in February 2017 after a decrease of 1.2 percent in January 2017. Exports to Asia as a whole went up by 29.9 percent, mainly to Taiwan (82.7 percent); Vietnam (46.5 percent); China (35.9 percent); Phillippines (21.3 percent); South Korea (18.4 percent) and India (9.7 percent).  

By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (35.9 percent); telecommunications and sound recording and reproducing apparatus and equipment (28.1 percent) and office machines and automatic data processing machines (7.8 percent).

Year-on-year, imports went up by 25.4 percent to HKD 298 billion in February 2017, after a decrease 2.7 percent in the preceding month. Increases were recorded from Philippines (59.9 percent); South Korea (59.4 percent); the Netherlands (17.4 percent); India (32.6 percent); Thailand (28.7 percent); Japan (27.4 percent) and China (24.5 percent).

By commodity, imports surged for: electrical machinery apparatus and appliances, and electrical parts thereof (37.4 percent); telecommunications and sound recording and reproducing apparatus and equipment (28.1 percent); and office machines and automatic data processing machines (16 percent).

Hong Kong Trade Gap Biggest In 2 Years


Census and Statistics Department l Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/27/2017 9:10:30 AM