Hong Kong trade gap narrowed sharply yo HKD 38.b billion in February of 2020 from HKD 48.8 billion a year earlier. Exports went up 4.3% yoy to HKD 238.6 billion while imports edged down 0.1% to HKD 277.1 billion. Trade flows in January and February of each year tend to be volatile due to difference in timing of the Lunar New Year holidays which fell in January in 2020 but in February in 2019. Taking January and February as a whole, exports slumped 12% and imports fell 9.3%, reflecting serious disruptions to regional trading and production activities caused by the coronavirus outbreak. A Government spokesman said that Hong Kong exports will likely remain weak in the near term as external trading environment has turned even more austere lately, as demand in most major export markets plunged amid the COVID-19 pandemic.

Balance of Trade in Hong Kong averaged -8278.86 HKD Million from 1952 until 2020, 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 April of 2020. source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong is expected to be -55000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Hong Kong to stand at -59000.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -62000.00 HKD Million in 2021, according to our econometric models.

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Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-38551.00 -30600.00 7228.00 -59898.00 1952 - 2020 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-30 08:30 AM Nov H$-26.2B H$-30.6B H$-46B
2020-01-30 08:30 AM Dec H$-32.5B H$-26.2B H$ -59.5B
2020-02-25 08:30 AM Jan H$-30.6B H$-32.5B H$-10B
2020-03-26 08:30 AM Feb H$-38.6B H$-30.6B H$-35B
2020-04-27 08:30 AM Mar H$-38.6B H$ -71B
2020-05-25 08:30 AM Apr
2020-06-29 08:30 AM May
2020-07-27 08:30 AM Jun H$ -55B


News Stream
Hong Kong Trade Gap Narrows in February
Hong Kong trade gap narrowed sharply yo HKD 38.b billion in February of 2020 from HKD 48.8 billion a year earlier. Exports went up 4.3% yoy to HKD 238.6 billion while imports edged down 0.1% to HKD 277.1 billion. Trade flows in January and February of each year tend to be volatile due to difference in timing of the Lunar New Year holidays which fell in January in 2020 but in February in 2019. Taking January and February as a whole, exports slumped 12% and imports fell 9.3%, reflecting serious disruptions to regional trading and production activities caused by the coronavirus outbreak. A Government spokesman said that Hong Kong exports will likely remain weak in the near term as external trading environment has turned even more austere lately, as demand in most major export markets plunged amid the COVID-19 pandemic.
2020-03-26
Hong Kong Trade Gap Widens in January
The trade deficit in Hong Kong widened to HKD 30.6 billion in January of 2020 from HKD 10.3 billion in the same month of the previous year. Exports dropped 22.7 percent over a year earlier to HKD 269.4 billion, dragged by lower sales of electrical machinery, apparatus and appliances, & electrical parts thereof and telecommunications and sound recording & reproducing apparatus and equipment. Among major trading partners, shipments decreased to Japan, Malaysia, China, the UK, the US and Germany. Imports went down 16.4 percent to HKD 300 billion due to lower purchases of telecommunications and sound recording & reproducing apparatus and equipment and office machines & automatic data processing machines. Imports decreased from China, the US, Malaysia and Japan while those rose from Vietnam and the UK.
2020-02-25
Hong Kong Trade Gap Narrows in December
The trade deficit in Hong Kong narrowed to HKD 32.5 billion in December of 2019 from HKD 51.2 billion in the corresponding month of the previous year. Exports rose 3.3 percent from a year earlier to HKD 351.3 billion, boosted by higher sales of electrical machinery, apparatus & appliances; and electrical parts, power generating machinery & equipment. Among major trading partners, shipments increased to China, Taiwan and Malaysia while those fell to the US, Germany and the UK. Imports went down 1.9 percent to HKD 383.8 billion dragged by lower purchases of office machines & automatic data processing machines; and telecommunications, sound recording, reproducing apparatus & equipment. Imports decreased from the US, Malaysia and India. For 2019 as a whole, Hong Kong recorded a trade deficit of HKD 426.8 billion, with exports falling 4.1 percent over 2018 and imports decreasing 6.5 percent.
2020-01-30
Hong Kong November Trade Gap Lowest in 10 Years
The trade deficit in Hong Kong narrowed to HKD 26.2 billion in November of 2019 from HKD 45 billion a year earlier. It is the lowest trade gap for a November month since 2009 as exports fell 1.8 percent and imports slumped 5.8 percent over a year earlier. A Government spokesman said that exports recorded a narrower year-on-year decline in November, mainly due to a rebound in exports to China upon a low base of comparison while sales to the major advanced economies stayed weak. While the US and China have reached a first-phase trade agreement, global economic growth has yet to improve and the external environment is still subject to various uncertainties.
2019-12-30

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.