The trade deficit in Hong Kong widened to HKD 34.9 billion in July of 2021 from HKD 29.8 billion a year earlier. Exports were up 26.9% yoy to a record high of HKD 417 billion, mainly boosted by sales of electrical machinery, apparatus and appliances, and electrical parts thereof (33.3%) and office machines and automatic data processing machines (30.3%). Major increases were recorded in sales from South Korea (+79.5%), Taiwan (+48.9%), India (+40.2%), the Philippines (+27.2%), China (+26.3%) and the US (26.1%). Imports increased 26.1% and also hit an all-time high of HKD 451.9 billion, with biggest increases in purchases seen from India (+119.7%), South Korea (+42.7%), Singapore (+33%), the US (+28.7%) and China (25.7%). source: Census and Statistics Department, Hong Kong
Balance of Trade in Hong Kong averaged -8675.13 HKD Million from 1952 until 2021, 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 September of 2021.
Balance of Trade in Hong Kong is expected to be -27000.00 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 -25000.00 HKD Million in 2022 and -32000.00 HKD Million in 2023, according to our econometric models.