The trade deficit in Hong Kong decreased to HKD 35.1 billion in April of 2019 from HKD 46.9 billion in the same month a year ago. Imports declined at a faster 5.5 percent to HKD 356.6 billion and exports fell 2.6 percent to HKD 321.5 billion. Balance of Trade in Hong Kong averaged -7960.26 HKD Million from 1952 until 2019, 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.

Balance of Trade in Hong Kong is expected to be -53000.00 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 -61000.00 in 12 months time. In the long-term, the Hong Kong Balance of Trade is projected to trend around -82000.00 HKD Million in 2020, according to our econometric models.

Hong Kong Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-26 08:30 AM Balance of Trade H$-10.3B H$-51.2B H$-45B
2019-03-26 08:30 AM Balance of Trade H$-48.8B H$-10.3B H$-46B
2019-04-29 08:30 AM Balance of Trade H$-59.2B H$-48.8B H$-54B
2019-05-27 08:30 AM Balance of Trade H$-35.1B H$-59.2B H$-47B
2019-06-25 08:30 AM Balance of Trade H$-35.1B H$-40B
2019-07-25 08:30 AM Balance of Trade H$ -53B
2019-08-26 08:30 AM Balance of Trade H$-49B



Hong Kong Trade Gap Narrows in April

The trade deficit in Hong Kong decreased to HKD 35.1 billion in April of 2019 from HKD 46.9 billion in the same month a year ago. Imports declined at a faster 5.5 percent to HKD 356.6 billion and exports fell 2.6 percent to HKD 321.5 billion.

Year-on-Year, imports fell 5.5 percent to HKD 356.6 billion in April 2019, dragged down by lower purchases of electrical machinery, apparatus & appliances, and electrical parts thereof (-7.6 percent); office machines and automatic data processing machines (-16.5 percent) and non-metallic mineral manufactures (-14.6 percent). However, imports of power generating machinery & equipment increased (50 percent). 

Among major trading partners, imports decreased from Korea (-32.5 percent), India (-31.7 percent), Taiwan (-10.1 percent), Malaysia (-6.1 percent), the USA (-6.0 percent) and the Mainland (-1.6 percent). Concurrently, an increase was recorded in imports from Thailand (6.6 percent).

Meantime, exports dropped 2.6 percent to HKD 356.6 billion, as sales declined mostly for office machines & automatic data processing machines (-9.9 percent), miscellaneous manufactured articles (-8.6 percent) and textile yarn, fabrics, made-up articles and related products (-12.9 percent). In contrast, shipments of electrical machinery, apparatus & appliances, and electrical parts thereof jumped (1.5 percent). 

External sales to Asia as a whole went down 2.3 percent, namely Taiwan (-24.4 percent), India (-15.3 percent), Japan (-12.5 percent) and Vietnam (-12.4 percent). On the other hand, increases were recorded in total exports to Singapore (32.1 percent) and Philippines (28.3 percent). 

"A Government spokesman said that the value of merchandise exports registered a year-on-year decline of 2.6 percent in April, weighed down by the weaker performance of the global economy, US-Mainland trade tensions and various external headwinds. The weak export performance in recent months was likewise observed in many Asian economies. “ 


Census and Statistics Department of Hong Kong | rafael.gonzalez@tradingeconomics.com
5/27/2019 9:41:23 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -35091.00 -59241.00 7228.00 -59898.00 HKD Million [+]
Current Account 42078.00 48005.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.30 4.70 15.00 -6.30 percent [+]
Imports 356609.00 402883.00 428452.00 230.00 HKD Million [+]
Exports 321517.00 343641.00 383651.50 172.00 HKD Million [+]
Terms of Trade 99.80 100.30 108.50 99.00 Index Points [+]
Capital Flows -66114.00 -27476.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5577201.00 5860346.00 6784406.00 427254.00 [+]
Gold Reserves 2.10 2.10 2.10 2.08 Tonnes [+]
Foreign Direct Investment 16469.27 15922.86 16469.27 1955.85 HKD Billion [+]
External Debt 13257610.00 12972265.00 13257610.00 2707907.00 HKD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-35091.00 -59241.00 7228.00 -59898.00 1952 - 2019 HKD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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