The trade deficit in Hong Kong narrowed sharply to HKD 14.6 billion in August of 2020 from HKD 29.8 billion a year earlier. Exports went down 2.3% yoy to HKD 344.5 billion, mainly due to sales of apparel and clothing (-33.6%); jewellery, goldsmiths' and silversmiths' wares (-13.2%); telecommunications and sound recording and reproducing apparatus and equipment (-3.1%); photographic apparatus, equipment and supplies, optical goods, watches and clocks (-17.5%) and power generating machinery and equipment (-21.4%). Shipments were down mainly to Japan (-19.4%), Singapore (-14.6%), Thailand (-12.5%), South Korea (-9.1%) and China (-1.4 percent). Imports fell 5.7% to HKD 359.1 billion, with purchases falling mostly for jewellery, goldsmiths' and silversmiths' wares (-16.8%); apparel and clothing accessories (-34.5%) and non-metallic mineral manufactures (-18.7%). Purchases were down mainly to the US (-22%), China (-11.9%) and Japan (-7.3%).

Balance of Trade in Hong Kong averaged -8399.96 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 September of 2020. source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong is expected to be -5000.00 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 -39000.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -82000.00 HKD Million in 2021 and -52000.00 HKD Million in 2022, according to our econometric models.

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Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-14626.00 -29816.00 7228.00 -59898.00 1952 - 2020 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 08:30 AM May H$-13.7B H$-23.3B H$-25B
2020-07-27 08:30 AM Jun H$-33.3B H$-13.7B H$ -15B
2020-08-26 08:30 AM Jul H$-29.8B H$-33.3B H$-27B
2020-09-24 08:30 AM Aug H$-14.6B H$-29.8B H$-25B
2020-10-27 08:30 AM Sep H$-14.6B H$ -5B
2020-11-24 08:30 AM Oct
2020-12-28 08:30 AM Nov


News Stream
Hong Kong Trade Gap Halves in August
The trade deficit in Hong Kong narrowed sharply to HKD 14.6 billion in August of 2020 from HKD 29.8 billion a year earlier. Exports went down 2.3% yoy to HKD 344.5 billion, mainly due to sales of apparel and clothing (-33.6%); jewellery, goldsmiths' and silversmiths' wares (-13.2%); telecommunications and sound recording and reproducing apparatus and equipment (-3.1%); photographic apparatus, equipment and supplies, optical goods, watches and clocks (-17.5%) and power generating machinery and equipment (-21.4%). Shipments were down mainly to Japan (-19.4%), Singapore (-14.6%), Thailand (-12.5%), South Korea (-9.1%) and China (-1.4 percent). Imports fell 5.7% to HKD 359.1 billion, with purchases falling mostly for jewellery, goldsmiths' and silversmiths' wares (-16.8%); apparel and clothing accessories (-34.5%) and non-metallic mineral manufactures (-18.7%). Purchases were down mainly to the US (-22%), China (-11.9%) and Japan (-7.3%).
2020-09-24
Hong Kong Trade Gap Narrows in July
Hong Kong trade deficit narrowed to HKD 29.8 billion in July 2020 from HKD 32.2 billion in the same month of the previous year. Imports fell 3.4 percent over a year earlier to HKD 358.2 billion mainly due to lower purchases of miscellaneous manufactured articles (-17.7 percent); non-metallic mineral manufactures (-29 percent) and articles of apparel and clothing accessories (-37.3 percent). Exports dropped at a softer 3 percent to HKD 328.5 billion, as sales went down for miscellaneous manufactured articles (-23 percent); telecommunications, sound recording and reproducing apparatus and equipment (-6.9 percent); articles of apparel and clothing accessories (-40 percent); and power generating machinery and equipment (-34.1 percent). Considering the first seven months of the year, the country posted a HKD 205.3 billion shortfall, as exports declined by 6.3 percent and imports decreased by 8.5 percent.
2020-08-26
Hong Kong Trade Deficit Narrows in June
Hong Kong trade deficit narrowed to HKD 33.3 billion in June 2020 from HKD 34.7 billion in the corresponding month of the previous year. Imports dropped 7.1 percent to HKD 338.9 billion, mostly due to lower purchases of non-metallic mineral manufactures (-51.1%); miscellaneous manufactured articles (-29.1%); and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-43.8%). Exports went down 1.3 percent to HKD 305.6 billion, as sales declined for miscellaneous manufactured articles (-29.7%); non-metallic mineral manufactures (-35.4%); articles of apparel & clothing accessories (-45.4%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-37.3%). For the first half of 2020 as a whole, the country recorded a HKD 175.2 billion trade gap, as exports decreased by 6.9% over the same period in 2019 and imports fell by 9.4%.
2020-07-27
Hong Kong Trade Gap Narrows in May
Hong Kong trade deficit narrowed to HKD 13.73 billion in May of 2020 from HKD 34.71 billion in the corresponding month of the previous year. It was the smallest trade gap since January last year, as imports declined 12.3 percent to HKD 331.3 billion, mainly due to lower purchases of telecommunications and sound recording and reproducing apparatus and equipment (-18.7%), jewellery, goldsmiths' and silversmiths' wares (-37.9%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-52.1%). Exports fell 7.4 percent to HKD 317.6 billion, as sales dropped for telecommunications and sound recording and reproducing apparatus and equipment (-20.5%), mainly jewellery, goldsmiths' and silversmiths' wares (-39.9%), non-metallic mineral manufactures ( 34.2%) and photographic apparatus, equipment and supplies, optical goods, watches and clocks (-45.2%).
2020-06-29

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.