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.