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.