The trade deficit in Hong Kong shrank to HKD 25.6 billion in November of 2020 from HKD 26.2 billion in the same month of the previous year. Exports surged 5.6% to HKD 379.6 billion, boosted by sales of electrical machinery, apparatus and appliances (10.5%); non-metallic mineral manufactures (20.2%); professional, scientific and controlling instruments and apparatus (20.4%) an non-ferrous metals (177.2%). Shipments rose mostly to China (8%), Taiwan (19.4%) and Vietnam (14.3%). Imports grew at a slower 5.1% to HKD 405.2 billion, due to higher purchases of electrical machinery, apparatus and appliances (14%); office machines and automatic data processing machines (8.2%); miscellaneous manufactured articles (6.2%); non-metallic mineral manufactures (6.7%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (78.9%). Purchases increased mainly from China (4.3%), Taiwan (19.4%), Singapore (8.1%), South Korea (20.8%). source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong averaged -8462.45 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 January of 2021.

Balance of Trade in Hong Kong is expected to be -59000.00 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
-25609.00 -36800.00 7228.00 -59898.00 1952 - 2020 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-24 08:30 AM Aug H$-14.6B H$-29.8B H$-25B
2020-10-27 08:30 AM Sep H$-12.7B H$-14.6B H$ -5B
2020-11-24 08:30 AM Oct H$-36.8B H$-12.7B H$-11B
2020-12-28 08:30 AM Nov H$-25.6B H$-36.8B H$-10B
2021-01-26 08:30 AM Dec H$-25.6B H$-20B
2021-02-25 08:30 AM Jan
2021-03-25 08:30 AM Feb
2021-04-27 08:30 AM Mar


News Stream
Hong Kong Trade Gap Narrows Slightly in November
The trade deficit in Hong Kong shrank to HKD 25.6 billion in November of 2020 from HKD 26.2 billion in the same month of the previous year. Exports surged 5.6% to HKD 379.6 billion, boosted by sales of electrical machinery, apparatus and appliances (10.5%); non-metallic mineral manufactures (20.2%); professional, scientific and controlling instruments and apparatus (20.4%) an non-ferrous metals (177.2%). Shipments rose mostly to China (8%), Taiwan (19.4%) and Vietnam (14.3%). Imports grew at a slower 5.1% to HKD 405.2 billion, due to higher purchases of electrical machinery, apparatus and appliances (14%); office machines and automatic data processing machines (8.2%); miscellaneous manufactured articles (6.2%); non-metallic mineral manufactures (6.7%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (78.9%). Purchases increased mainly from China (4.3%), Taiwan (19.4%), Singapore (8.1%), South Korea (20.8%).
2020-12-28
Hong Kong Trade Deficit Widens in October
The trade deficit in Hong Kong widened to HKD 36.8 billion in October 2020 from HKD 30.6 billion in the same month of the previous year. Exports fell 1.1 percent over a year earlier to HKD 344.7 billion, due to lower sales of telecommunications and sound recording & reproducing apparatus and equipment (-10.1%); and articles of apparel & clothing accessories (-20.4%). Shipments dropped mostly to Thailand (-24%), Singapore (-20.3%), South Korea (-7.6%), the US (-3.9%) and China (-1.4%). Imports rose 0.6 percent to HKD 381.4 billion, boosted by higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (8.2%); essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (63.6%) and non-ferrous metals (22.7%). Purchases increased mainly to South Korea (21.3%), Taiwan (15.5%) and Singapore (+12.9%). Considering the first ten months of the year, the country recorded a trade gap of HKD 270.8 billion.
2020-11-24
Hong Kong Posts Smallest Trade Gap in Over a Year
The trade deficit in Hong Kong narrowed sharply to HKD 12.7 billion in September 2020 from HKD 31.6 billion a year earlier. It was the smallest trade gap since January last year, as exports jumped 9.1 percent year-on-year to HKD 379.3 billion, mainly due to higher sales of electrical machinery, apparatus & appliances, and electrical parts thereof (19.7%); office machines & automatic data processing machines (18.1%); and telecommunications & sound recording and reproducing apparatus (5.7%). Shipments were up mostly to China (17%), Taiwan (10.4%) and Vietnam (6.9%). Imports rose 3.4 percent to HKD 392 billion, as purchases increased for electrical machinery, apparatus and appliances, and electrical parts thereof (15.7%), office machines and automatic data processing machines (15.4%) and essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (66.7%). Purchases advanced mainly to Taiwan (37.8%), Malaysia (20%), Singapore (17.1%).
2020-10-27
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 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.