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.

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Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-34981.00 -40455.00 7228.00 -59898.00 1952 - 2021 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-27 08:30 AM Apr H$-31.8B H$-27.0B H$ -20B
2021-06-28 08:30 AM May H$-25.5B H$-31.8B H$-33B
2021-07-26 08:30 AM Jun H$-40.5B H$-25.5B H$ -14B
2021-08-26 08:30 AM Jul H$-34.9B H$-40.5B H$-39B
2021-09-28 08:30 AM Aug H$-34.9B
2021-10-26 08:30 AM Sep H$ -27B
2021-11-25 08:30 AM Oct
2021-12-28 08:30 AM Nov


News Stream
HK Trade Gap Rises, Both Exports and Imports at Record High
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%).
2021-08-26
Hong Kong Trade Deficit Widens in June
The trade deficit in Hong Kong widened to HKD 40.5 billion in June of 2021 from HKD 33.3 billion a year earlier. Imports leaped 31.9% year-on-year to HKD 447.1 billion, primarily underpinned by purchases of electrical machinery, apparatus, appliances & electrical parts thereof (37.2%) and office and automatic data processing machines (36.4%). Among major trade partners, imports rose the most from India (68.3%); South Korea (59.3%); Singapore (55.1%); and the US (42.7%). Meanwhile, exports jumped 33.0% to HKD 406.6 billion, driven mostly by electrical machinery, apparatus, appliances & electrical parts thereof (44.6%). Shipments rose the most to South Korea (64.1%); followed by Taiwan (46.1%); mainland China (36.6%); and the Philippines (31.9%). Looking ahead, the continued recovery of demand from major economies should augur well for Hong Kong exports in the near future, but the appearance of new coronavirus variants may hinder growth, said a government spokesman.
2021-07-26
Hong Kong May Trade Deficit Nearly Doubles
The trade deficit in Hong Kong nearly doubled to HKD 25.5 billion in May of 2021 from HKD 13.7 billion a year earlier. Imports hiked 26.5% year-on-year to HKD 419.3 billion, primarily underpinned by purchases of electrical machinery, apparatus, appliances & electrical parts thereof (29.9%); telecommunications, sound recording and reproducing apparatus & equipment (25.5%); and miscellaneous manufactured goods (70.9%). The main origins of imports were Singapore (51.2%); Taiwan (46.5%); the US (43.1%); and South Korea (38.6%). Meanwhile, exports jumped 24.0% to HKD 393.8 billion, driven mostly by electrical machinery, apparatus, appliances & electrical parts thereof (28.4%). Among the major destinations, shipments rose the most to the Philippines (54.5%); Taiwan (33.5%); Vietnam (28.7%); and India (28.1%). Looking ahead, the continued recovery of demand from major economies should augur well for Hong Kong exports in the near future, said a government spokesman.
2021-06-28
Hong Kong Trade Gap Widens as Imports Reach Record
The trade deficit in Hong Kong widened sharply to HKD 31.8 billion in April of 2021 from HKD 23.4 billion a year earlier. Exports rose 24.4% year-on-year to HKD 384.9 billion and imports rose at a faster 25.2% to a record HKD 416.7 billion. Exports surged for electrical machinery, apparatus and appliances, and electrical parts (30%) and non-metallic mineral manufactures (204.5%). Major increases were seen in sales to India (168.6%), the Philippines (106.6%), the US (22.6%) and China (20.5%). Imports rose mostly for electrical machinery, apparatus and appliances, and electrical parts (27.7%) and telecommunications and sound recording and reproducing apparatus and equipment (34.1%). Imports were higher from India (288%), Taiwan (44.2%), China (21.1%) and Japan (21.1%). Looking ahead, the sustained revival of the global economy should continue to render support to Hong Kong's export performance in the near term, a Government spokesman said.
2021-05-27

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.