Hong Kong trade deficit widened sharply to $51.6 billion in December 2022 from $32.8 billion in the same period last year. Exports dropped by 28.9% to $348.1 billion, amid decrease in sales for most commodities, led by electrical machinery, appliances and parts (-21.6%), telecommunications, sound recording and reproducing equipment (-44.1%), and office machines and automatic data processing machines (-39.8%). Meanwhile, imports also fell by 23.5%, as arrivals largely declined for electrical machinery, appliances and parts (-17.8%), telecommunication, sound recording and reproducing equipment (-42.8%), and office machines and automatic data processing machines (-35.7%). For the whole of 2022, the trade deficit widened to $395.8 billion from $347.1 billion in the same period of 2021, as exports dropped by 8.6% and imports by 7.2%. source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong averaged -9125.98 HKD Million from 1952 until 2022, reaching an all time high of 7228.00 HKD Million in January of 2009 and a record low of -68533.00 HKD Million in June of 2022. 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 February of 2023.

Balance of Trade in Hong Kong is expected to be -21000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Balance of Trade is projected to trend around -448300.00 HKD Million in 2024 and -481900.00 HKD Million in 2025, according to our econometric models.

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Hong Kong Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-29 08:30 AM Nov H$-27.1B H$-20.9B H$-18B
2023-01-26 08:30 AM Dec H$-51.6B H$-27.1B H$ -18B
2023-02-27 08:30 AM Jan H$-51.6B


Related Last Previous Unit Reference
Balance of Trade -51646.00 -27088.00 HKD Million Dec 2022
Current Account 115839.00 30039.00 HKD Million Sep 2022
Current Account to GDP 11.20 7.00 percent of GDP Dec 2021
Imports 399731.00 387130.00 HKD Million Dec 2022
Exports 348085.00 360042.00 HKD Million Dec 2022
Terms of Trade 99.10 98.90 points Nov 2022
Capital Flows -148430.00 -61142.00 HKD Million Sep 2022
Tourist Arrivals 113763.00 80524.00 Nov 2022
Exports YoY -28.90 -24.10 percent Dec 2022
Imports YoY -23.50 -20.30 percent Dec 2022
External Debt 14309887.00 14421438.00 HKD Million Sep 2022
Foreign Direct Investment 16836.60 16633.04 HKD Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-51646.00 -27088.00 7228.00 -68533.00 1952 - 2022 HKD Million Monthly

News Stream
Hong Kong Trade Deficit Widens Sharply
Hong Kong trade deficit widened sharply to $51.6 billion in December 2022 from $32.8 billion in the same period last year. Exports dropped by 28.9% to $348.1 billion, amid decrease in sales for most commodities, led by electrical machinery, appliances and parts (-21.6%), telecommunications, sound recording and reproducing equipment (-44.1%), and office machines and automatic data processing machines (-39.8%). Meanwhile, imports also fell by 23.5%, as arrivals largely declined for electrical machinery, appliances and parts (-17.8%), telecommunication, sound recording and reproducing equipment (-42.8%), and office machines and automatic data processing machines (-35.7%). For the whole of 2022, the trade deficit widened to $395.8 billion from $347.1 billion in the same period of 2021, as exports dropped by 8.6% and imports by 7.2%.
2023-01-26
Hong Kong Trade Deficit Widens in November
Hong Kong trade deficit widened to $27.1 billion in November 2022, from $11.1 billion in the same period a year earlier. Exports fell by 24.1% to $360 billion, amid dropped in sales for most commodities, led by electrical machinery, appliances and parts (-20.1%), telecommunications, sound recording and reproducing equipment (-34%), and office machines and automatic data processing machines (-35.7%). Meanwhile, imports also fell by 20.3% to $387.1 billion, as arrivals considerably decreased for electrical machinery, appliances and parts (-18.8%), telecommunication, sound recording and reproducing equipment (-34%), and office machines and automatic data processing machines (-29%). Considering January to November, the trade deficit widened to $343.7 billion from $314.4 billion in the same period of 2021, as exports dropped by 6.4% and imports by 5.4%.
2022-12-29
Hong Kong Trade Deficit Narrows in October
Hong Kong trade deficit narrowed to $20.9 billion in October 2022, from $30.5 billion in the same period a year earlier. Exports dropped by 10.4% to $374.7 billion, amid declines in sales for most commodities, led by electrical machinery, appliances and parts (-5.1%), telecommunications, sound recording and reproducing equipment (-22.7%), and office machines and automatic data processing machines (-15.1%). Meanwhile, imports fell by 11.9% to $395.5 billion, as arrivals considerably decreased from electrical machinery, appliances and parts (-11.4%), telecommunication, sound recording and reproducing equipment (-22.9%), and office machines and automatic data processing machines (-14.9%). Considering January to October, the trade deficit widened to $315.5 billion from $301.7 billion in the same period of 2021, as exports dropped by 4.4% and imports by 3.7%.
2022-11-28