Exports from Hong Kong shrank by 13% from a year earlier to $338.3 billion in April 2023, less than market forecasts of 21.6% fall and slipping further from a 1.5% drop in March. The latest figure pointed to the twelfth consecutive month of decline due to lower sales in electrical machinery, apparatus and appliances and electrical parts (-19.3%), telecommunications and sound recording and reproducing apparatus (-21.5%), office machines and automatic data processing machines (-11.5%), professional, scientific and controlling instruments and apparatus (-8.6%), non-metallic mineral manufactures (-7.3%) and articles of apparel and clothing accessories (-3.3%). Among key trade partners, exports fell to China (-12.9%), USA (-19.9%), India (-19.7%), Taiwan (-18.2%), Vietnam (-19.6%), Japan (-10.2%), UAE (-2.5%), Singapore (-21.1%), South Korea (-4.7%), while it rose softer for Netherlands (1.2%). source: Census and Statistics Department, Hong Kong

Exports YoY in Hong Kong averaged 12.10 percent from 1953 until 2023, 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 June of 2023.

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Hong Kong Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 08:30 AM Mar -1.5% -8.8% -24.5%
2023-05-29 08:30 AM Apr -13% -1.5% -21.6%
2023-06-27 08:30 AM May -13%


Related Last Previous Unit Reference
Balance of Trade -36575.00 -40595.00 HKD Million Apr 2023
Imports 374910.00 407754.00 HKD Million Apr 2023
Exports 338335.00 367159.00 HKD Million Apr 2023
Imports YoY -11.90 -0.60 percent Apr 2023

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
-13.00 -1.50 70.60 -39.30 1953 - 2023 percent Monthly

News Stream
Hong Kong Exports Decline Further
Exports from Hong Kong shrank by 13% from a year earlier to $338.3 billion in April 2023, less than market forecasts of 21.6% fall and slipping further from a 1.5% drop in March. The latest figure pointed to the twelfth consecutive month of decline due to lower sales in electrical machinery, apparatus and appliances and electrical parts (-19.3%), telecommunications and sound recording and reproducing apparatus (-21.5%), office machines and automatic data processing machines (-11.5%), professional, scientific and controlling instruments and apparatus (-8.6%), non-metallic mineral manufactures (-7.3%) and articles of apparel and clothing accessories (-3.3%). Among key trade partners, exports fell to China (-12.9%), USA (-19.9%), India (-19.7%), Taiwan (-18.2%), Vietnam (-19.6%), Japan (-10.2%), UAE (-2.5%), Singapore (-21.1%), South Korea (-4.7%), while it rose softer for Netherlands (1.2%).
2023-05-29
Hong Kong Exports Drop the Least in 10 Months
Exports from Hong Kong dropped 1.5% year-on-year to $367.2 billion in March 2023, easily beating market expectations of a 24.5% drop and from an 8.8% fall in February. It was the eleventh straight month of decline, but the softest since May 2022, as most of the main commodities showed an increase in sales, primarily seen from power generating machinery & equipment (79.8%), non-ferrous metals (26.4%) and non-metallic mineral manufactures (19%). However, it was weighed down by the decrease in sales of office machines & automatic data processing machines (-10.3%), electrical machinery, apparatus and appliances (-8.9%) and professional, scientific & controlling instruments and apparatus (-8.7%). Among key trade partners, exports dropped to China (-9.8%), Singapore (-4.3%), Japan (-1.7%) and Vietnam (-0.9%). On the other hand, sales grew the most to UAE (37.4%), South Korea (14.8%) and the USA (13.8%).
2023-04-25
Hong Kong Exports Fall the Least in 8 Months
Exports from Hong Kong fell for the tenth straight month by 8.8% year-on-year to $286.2 billion in February 2023, but the softest decline since June 2022 and cooling from a 7-decade low of 36.7% plunge in January. Five of the ten main commodities showed growth in sales, mainly seen from non-ferrous metals (109.3%), power generating machinery & equipment (18.5%) and photographic apparatus, equipment and supplies, optical goods, and watches & clocks (8%). However, it was dragged down by the lower sales reported from professional, scientific & controlling instruments and apparatus (-36.3%), electrical machinery, apparatus and appliances (-13.4%) and office machines & automatic data processing machines (-16.5%). Among key trade partners, exports dropped the most to Japan (-23.1%), followed by India (-18.5%), Taiwan (-15.9%) and Mainland China (-12.7%). On the other hand, shipments grew mainly to Macau (34.9%), along with UAE (30.6%) and Netherlands (30.3%).
2023-03-27


United Nations Comtrade Database
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