Exports from Hong Kong dropped 28.9% year-on-year to $348.1 billion in December 2022, the largest decrease since April 1954, amid deteriorating external environment and disruptions in cross-border land transport. Decline in sales were largely seen from electrical machinery, appliances and parts (-21.6% to $177.8 billion), telecommunications, sound recording and reproducing equipment (-44.1% to $41.7 billion), and office machines and automatic data processing machines (-39.8% to $36.5 billion). Among major destinations, exports to mainland China fell the most (-30.4%), followed by the USA (-26.7%), India (-17.7%) and Taiwan (-34.4%). For the whole of 2022, total exports fell by 8.6% to $4,531.7 billion, compared to the previous year. source: Census and Statistics Department, Hong Kong

Exports YoY in Hong Kong averaged 12.23 percent from 1953 until 2022, reaching an all time high of 70.60 percent in April of 1956 and a record low of -39.30 percent in September of 1953. This page includes a chart with historical data for Hong Kong Exports YoY. Hong Kong Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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Hong Kong Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-29 08:30 AM Nov -24.1% -10.4%
2023-01-26 08:30 AM Dec -28.9% -24.1%
2023-02-27 08:30 AM Jan -28.9%


Related Last Previous Unit Reference
Balance of Trade -51646.00 -27088.00 HKD Million Dec 2022
Imports 399731.00 387130.00 HKD Million Dec 2022
Exports 348085.00 360042.00 HKD Million Dec 2022
Imports YoY -23.50 -20.30 percent Dec 2022

Hong Kong Exports YoY
Hong Kong has an export oriented economy with 99 percent of shipments coming from re-exports. Major exports are electrical machinery, apparatus and appliances which accounts for 36 percent of total shipments. Other exports include: telecommunications and sound equipment (20 percent); office and automatic data processing machines (10 percent); miscellaneous manufactured articles (5 percent) and non-metallic mineral manufactures (5 percent). Main export partners are China (40 percent), the United States (8 percent), Vietnam (6 percent), Singapore (5 percent), Taiwan and Macau.
Actual Previous Highest Lowest Dates Unit Frequency
-28.90 -24.10 70.60 -39.30 1953 - 2022 percent Monthly

News Stream
Hong Kong Exports Drop the Most Since 1954
Exports from Hong Kong dropped 28.9% year-on-year to $348.1 billion in December 2022, the largest decrease since April 1954, amid deteriorating external environment and disruptions in cross-border land transport. Decline in sales were largely seen from electrical machinery, appliances and parts (-21.6% to $177.8 billion), telecommunications, sound recording and reproducing equipment (-44.1% to $41.7 billion), and office machines and automatic data processing machines (-39.8% to $36.5 billion). Among major destinations, exports to mainland China fell the most (-30.4%), followed by the USA (-26.7%), India (-17.7%) and Taiwan (-34.4%). For the whole of 2022, total exports fell by 8.6% to $4,531.7 billion, compared to the previous year.
2023-01-26
Hong Kong Exports Slump the Most in Near 7-Decades
Exports from Hong Kong slumped by 24.1% to $360 billion in November 2022, the sharpest fall in shipments since 1954, amid weak global demand and disruptions in cross-border land transport. Decreases in sales were notably seen from electrical machinery, appliances and parts (-20.1%), telecommunication, sound recording and reproducing equipment (-34%), and office machines and automatic data processing machines (-35.7%). Conversely, shipments surged for professional, scientific and controlling instruments (51.9%) and power generating machinery and equipment (9.6%). Of the major destinations, exports to China fell the most (-29.7%), followed by the USA (-26.8%), Taiwan (-16.1%) and Vietnam (-22.2%).
2022-12-29
Hong Kong Exports Fall for 6th Month
Exports from Hong Kong fell by 10.4% to $374.7 billion in October 2022, following a 9.1% drop in the previous month and marking its sixth consecutive decline in shipments. Decreases in sales were notably seen from electrical machinery, appliances and parts (-5.1%), telecommunication, sound recording and reproducing equipment (-22.7%), and office machines and automatic data processing machines (-15.1%). Conversely, shipments rose for professional, scientific and controlling instruments (90.3%), power generating machinery and equipment (5.6%) and non-metallic mineral manufactures (1.7%). Of the major destinations, China accounted for the largest decline (-12.9% to $208.3 billion), followed by the USA (-19.5% to $24.2 billion) and India (-9.9% to $12.2 billion).
2022-11-28


United Nations Comtrade Database
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