Hong Kong Balance of Trade

Hong Kong recorded a trade deficit of 42350 HKD Million in May of 2014. Balance of Trade in Hong Kong averaged -5444.01 HKD Million from 1952 until 2014, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -55290 HKD Million in April of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

   
 
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Hong Kong Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-42350.00 -55290.00 7228.00 -55290.00 1952 - 2014 HKD Million Monthly
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 electronics and household electrical appliances, clothing and footwear, textile yarn and fabrics, toys and games and watches and clocks. The country imports mainly machinery and equipment, manufactured goods and articles, mineral fuels and food. Main trading partner is China (54 percent of total exports and 45 percent of total imports). Others include: Japan, the United States and Taiwan. This page provides - Hong Kong Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Hong Kong Trade Deficit Narrows in May


Hong Kong trade gap decreased to HKD 42.4 billion in May of 2014 from HKD 44.3 billion a year earlier, as exports grew at a faster pace than imports, driven by higher demand from the Asian countries and the United States.

In May of 2014, exports increased by 4.9 percent over a year earlier to HKD 306.0 billion. Higher exports were delivered to Asia (+3.7 percent yoy), Japan (+11.9 percent), Vietnam (+11.5 percent), Malaysia (+9.5 percent), Taiwan (+7.6 percent), China (+3.5 percent), Germany (+9.4 percent), the USA (+4.5 percent) and the United Kingdom (+4.0 percent). In contrast, decreases were recorded in exports to India (-8.0 percent), Singapore (-0.8 percent) and Thailand (-0.5 percent).

Year-on-year, exports increased for the following commodities: electrical machinery, apparatus and appliances, and electrical parts thereof (13.6 percent), non-metallic mineral manufactures (13.6 percent) and office machines and automatic data processing machines (4.9 percent). However, a decrease was registered in sales of textile yarn, fabrics, made-up articles and related products (-12.0 percent).

Imports amounted to HKD 348.3 billion, increasing 3.7 percent from May of 2013. Higher purchases were recorded for electrical machinery, apparatus and appliances, an electrical parts thereof (16.0 percent), non-metallic mineral manufactures (8.7 percent) and miscellaneous manufactured articles (mainly jewelry, goldsmiths' and silversmiths' wares) (4.5 percent).Hong Kong Trade Deficit Narrows in May.

Census and Statistics Department, Hong Kong | Isabel Felino | isabel.felino@tradingeconomics.com
6/26/2014 10:22:21 AM


Recent Releases

Hong Kong Trade Deficit Widens in April
Honk Kong trade gap increased 29.5 percent over a year earlier to HKD 55.3 billion in April of 2014, driven a fall in exports to China and lower demand from the advanced markets, due to the different timing of Easter holidays in 2013 and 2014. Published on 2014-05-27

Hong Kong Trade Deficit Narrows Slightly in March
The trade deficit decreased to HKD 50.40 billion in March of 2014 from HKD 53.67 billion in the previous month. Compared with a year earlier, the trade gap increased by 2.6 percent, as exports grew below expectations. Published on 2014-04-28


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-03-25 08:30 AM Hong Kong
Balance of Trade
Feb 2014 HKD -53.67B HKD -19.98B HKD -39.0B HKD -43.6B
2014-04-28 09:30 AM Hong Kong
Balance of Trade
Mar 2014 HKD -50.40B HKD -53.67B HKD -42.9B HKD -52.1B
2014-05-27 09:30 AM Hong Kong
Balance of Trade
Apr 2014 HKD -55.3B HKD -50.40B HKD -46.5B HKD -35.5B
2014-06-26 09:30 AM Hong Kong
Balance of Trade
May 2014 HKD -42.35B HKD -55.3B HKD -49.8B HKD -48.2B
2014-07-24 09:30 AM Hong Kong
Balance of Trade
Jun 2014 HKD -42.35B HKD -48.5B HKD -47.4B


Trade Last Previous Highest Lowest Unit
Balance of Trade -42350.00 -55290.00 7228.00 -55290.00 HKD Million [+]
Exports 305973.00 285682.00 325522.00 172.00 HKD Million [+]
Imports 348323.00 340972.00 370104.00 230.00 HKD Million [+]
Current Account -6234.00 16439.00 92020.00 -6817.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 Percent [+]
Terms of Trade 100.50 100.00 108.50 99.00 Index Points [+]
Capital Flows 29922.00 -45288.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1793732.00 1768749.00 2035367.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]





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