Imports to Hong Kong declined by 11.9% from a year earlier to $374.9 billion in April 2023, below market forecasts of 16.5% decrease and extending the 0.6% fall in March. It was the tenth straight month of drop, dragged down by electrical machinery, apparatus and appliances and electrical parts (-15.8%), office machines and automatic data processing machines (-24.1%), telecommunications and sound recording and reproducing apparatus and equipment (-12.6%), non-ferrous metals (-41.3%), miscellaneous manufactured articles (-3.6%) and professional, scientific and controlling instruments and apparatus (-3.1%). Moreover, imports declined from all main suppliers: Singapore (-35.5%), South Korea (-33.8%), USA (-28.4%), Japan (-18.5%), Vietnam (-17.9), Malaysia (-13.4%), Taiwan (-13%), Philippines (-9.6%), Thailand (-6.9%) and China (-3.6%). source: Census and Statistics Department, Hong Kong

Imports YoY in Hong Kong averaged 11.85 percent from 1953 until 2023, reaching an all time high of 61.60 percent in August of 1968 and a record low of -36.60 percent in September of 1967. This page includes a chart with historical data for Hong Kong Imports YoY. Hong Kong Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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Hong Kong Imports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 08:30 AM Mar -0.6% -4.1% -18.5%
2023-05-29 08:30 AM Apr -11.9% -0.6% -16.5%
2023-06-27 08:30 AM May -11.9%


Related Last Previous Unit Reference
Balance of Trade -36575.00 -40595.00 HKD Million Apr 2023
Exports 338335.00 367159.00 HKD Million Apr 2023
Imports 374910.00 407754.00 HKD Million Apr 2023
Exports YoY -13.00 -1.50 percent Apr 2023

Hong Kong Imports YoY
Hong Kong imports mainly machinery and transport equipment (66 percent of total imports); miscellaneous manufactured articles (14 percent); manufactured goods (9 percent) and food and live animals (4 percent). Main import partners are: China (47 percent), Taiwan (8 percent) and Singapore (7 percent). Others include: Japan, South Korea and the United States.
Actual Previous Highest Lowest Dates Unit Frequency
-11.90 -0.60 61.60 -36.60 1953 - 2023 percent Monthly

News Stream
Hong Kong Imports Continue to Drop
Imports to Hong Kong declined by 11.9% from a year earlier to $374.9 billion in April 2023, below market forecasts of 16.5% decrease and extending the 0.6% fall in March. It was the tenth straight month of drop, dragged down by electrical machinery, apparatus and appliances and electrical parts (-15.8%), office machines and automatic data processing machines (-24.1%), telecommunications and sound recording and reproducing apparatus and equipment (-12.6%), non-ferrous metals (-41.3%), miscellaneous manufactured articles (-3.6%) and professional, scientific and controlling instruments and apparatus (-3.1%). Moreover, imports declined from all main suppliers: Singapore (-35.5%), South Korea (-33.8%), USA (-28.4%), Japan (-18.5%), Vietnam (-17.9), Malaysia (-13.4%), Taiwan (-13%), Philippines (-9.6%), Thailand (-6.9%) and China (-3.6%).
2023-05-29
Hong Kong Imports Fall Less Than Expected
Imports to Hong Kong fell 0.6% year-on-year to $407.8 billion in March 2023, considerably less than market forecasts of an 18.5% drop and from a 4.1% decline in the previous month. It was the ninth consecutive month of decrease, but the smallest in the sequence due to higher purchases for 6 of the 10 commodity groups, led by power generating machinery & equipment (60.8%), non-ferrous metals (59.5%) and miscellaneous manufactured articles (55.2%). Nevertheless, it was dragged down by the lower arrivals of office machines & automatic data processing machines (-14.8%), electrical machinery, apparatus and appliances (-9.8%), petroleum & petroleum products (-6.1%) and professional, scientific & controlling instruments and apparatus (-0.3%). Among main suppliers, imports decreased the most from South Korea (-36.2%), Singapore (-25.6%) and Thailand (-19.6%); while arrivals rose from China (16.9%).
2023-04-25
Hong Kong Imports Drop 4.1% in February
Imports to Hong Kong went down 4.1% year-on-year to $331.6 billion in February 2023, the smallest decrease in eight months and from a 55-year low of 30.2% drop in the previous month. Purchases rose for most of the commodities, led by non-ferrous metals (154.9%), non-metallic mineral manufactures (77.8%) and power generating machinery and equipment (72.3%). Nevertheless, it was weighed down by the decrease in arrivals of electrical machinery, apparatus & appliances (-21.7%), professional, scientific & controlling instruments and apparatus (-20.6%); and office machines & automatic data processing machines (-18.2%). Among main suppliers, imports fell the most from South Korea (-49.1%) and Singapore (-34%); while the largest growth in arrivals was seen from India (37.3%) and Vietnam (12.1%).
2023-03-27


United Nations Comtrade Database
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