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. source: Census and Statistics Department, Hong Kong

Balance of Trade in Hong Kong averaged -8585.14 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 June of 2021.

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. Looking forward, we estimate Balance of Trade in Hong Kong to stand at -82000.00 in 12 months time. 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-31776.00 -26967.00 7228.00 -59898.00 1952 - 2021 HKD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-25 08:30 AM Jan H$-25.2B H$-45.7B H$-35B
2021-03-25 08:30 AM Feb H$-14.7B H$-25.2B H$-30B
2021-04-27 08:30 AM Mar H$-27.0B H$-14.7B H$ -21B
2021-05-27 08:30 AM Apr H$-31.8B H$-27.0B H$ -20B
2021-06-28 08:30 AM May H$-31.8B
2021-07-26 08:30 AM Jun H$ -14B
2021-08-26 08:30 AM Jul
2021-09-28 08:30 AM Aug


News Stream
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 Trade Gap Narrows in March
The trade deficit in Hong Kong narrowed to HKD 27.0 billion in March of 2021 from HKD 34.7 billion a year earlier. Exports advanced 26.4% year-on-year to HKD 409.1 billion, amid higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (38.6%); non-metallic mineral manufactures (113.2%); office machines and automatic data processing machines (18.2%); and telecommunications and sound recording and reproducing apparatus and equipment (11.3%). Meantime, imports rose at a slower 21.7% to HKD 436.1 billion, on account of electrical machinery, apparatus and appliances, and electrical parts thereof (31.9%); telecommunications and sound recording and reproducing apparatus and equipment (19.3%); non-metallic mineral manufactures (42.0%); and office machines and automatic data processing machines (13.1%).
2021-04-27
Hong Kong Posts Smallest Trade Gap in 5 Months
The trade deficit in Hong Kong shrank to HKD 14.7 billion in February of 2021 from HKD 38.6 billion a year ago. It was the smallest trade gap since September, as exports advanced 30.4% year-on-year to HKD 311 billion, amid higher sales of electrical machinery, apparatus and appliances, and electrical parts thereof (39.3%); telecommunications and sound recording and reproducing apparatus and equipment (37.6%); office machines and automatic data processing machines (27.1%) and non-ferrous metals (249.4%). Meantime, imports rose at a slower 17.6% to HKD 326 billion, on account of electrical machinery, apparatus and appliances, and electrical parts thereof ( 27.2%); telecommunications and sound recording and reproducing apparatus and equipment (27.8%); office machines and automatic data processing machines (23%) and non-ferrous metals (160.0%).
2021-03-25
Hong Kong Posts Smallest Trade Gap in 4 Months
The trade deficit in Hong Kong fell to HKD 25.2 billion in January of 2021 from HKD 30.6 billion a year ago. It was the smallest trade gap since September, as exports advanced 44% year-on-year to HKD 388 billion, boosted by sales of electrical machinery, apparatus & appliances (52.2%); telecommunications, sound recording & reproducing apparatus (41.8%); office machines & automatic data processing machines (44.1%) and non-ferrous metals (336.7%). Among major trading partners, exports grew mostly to China (58.8%), the US (18.7%) and Taiwan (73.2%). Meantime, imports rose 37.7% to HKD 413 billion, driven by purchases of electrical machinery, apparatus & appliances (45.7%); telecommunications, sound recording & reproducing apparatus (40.5%); office machines and automatic data processing machines (43.6%) and miscellaneous manufactured articles (mainly jewelry) (35.3%). Imports increased primarily from China (40.4%), Taiwan (61.8%) and Singapore (35.5%).
2021-02-25

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.