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.