Hong Kong Balance of Trade  1952-2017 | Data | Chart | Calendar | Forecast

Hong Kong's trade deficit rose by 2.9 percent to HKD 34.05 billion in November 2016 from HKD 33.09 billion the same month of the previous year. It was the lowest deficit since August as exports increased by 8.1 percent while imports rose by 7.6 percent. Considering the first eleven months of the year, the trade deficit was recorded at HKD 374.9 billion, with exports declining by 1.5 percent and imports decreasing at a faster pace 1.9 percent compared to the same period in 2015. Balance of Trade in Hong Kong averaged -6625.18 HKD Million from 1952 until 2016, reaching an all time high of 7228.00 HKD Million in January of 2009 and a record low of -59253.00 HKD Million in December of 2014.

Hong Kong Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-27 08:30 AM Sep H$ -39.7B H$ -32B H$-38.7B
2016-11-24 08:30 AM Oct H$ -37.2B H$ -39.7B H$-34.1B
2016-12-29 08:30 AM Nov H$ -34.05B H$ -37.2B
2017-01-26 08:30 AM Dec H$-34.05B H$-42.05B
2017-02-27 08:30 AM Jan
2017-03-27 08:30 AM Feb




Hong Kong Trade Deficit Widens in November


Hong Kong's trade deficit rose by 2.9 percent to HKD 34.05 billion in November 2016 from HKD 33.09 billion the same month of the previous year. It was the lowest deficit since August as exports increased by 8.1 percent while imports rose by 7.6 percent. Considering the first eleven months of the year, the trade deficit was recorded at HKD 374.9 billion, with exports declining by 1.5 percent and imports decreasing at a faster pace 1.9 percent compared to the same period in 2015.

Year-on-year, exports increased by 8.1 percent to HKD 340.9 billion in November of 2016, after decrease of 1.8 percent in October 2016. Exports to Asia as a whole grew by 12.8 percent, mainly to Taiwan (+45.3 percent), India (+41.7 percent), Singapore (+30 percent), Thailand (+22.1 percent), Indonesia (+14,2 percent), and China (+11.9 percent). Sales decreased were recorded to Vienam (-4 percent), United Kingdom (-10.6 percent), the USA (-7.6 percent), and Germany (-5.9 percent).
 
By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (+17.2 percent), and office machines and automatic data processing machines (+12.3 percent). A decrease in exports was registered for articles of apparel and clothing accessories (-17.5 percent). For the first eleven months of 2016 as a whole, exports fell 1.5 percent compared to the same period of 2015.
 
Year-on-year, imports increased by 7.6 percent to HKD 374.9 billion, after an increase of 0.5 percent in the preceding month. Rises were registered in the values of imports from some major suppliers, in particular Korea (+40.2 percent), Singapore (+26.1 percent), Philipnnies (+25.6 percent), Taiwan (+22.2 percent), Japan (+13.3 percent), the USA (+12.3 percent), and China (+2.4 percent). Concurrently, decreases were registered in the values of imports from India (-5.5 percent)
 
By commodity, imports went up for: electrical machinery, apparatus and appliances, and electrical parts thereof (+20.4 percent); miscellaneous manufactured articles (+10.3 percent), and professional scientific and controlling instrument (+20.9 percent). For the first eleven months of 2016 as a whole, imports fell 1.9 percent compared to the same period of 2015.
 
For the first eleven months of 2016 as whole, there was a trade deficit of HKD 374.9 billion. Exports went down by 1.5 percent compared to the same period in 2015, in particular to Vietnam (-7.6 percent), Japan (-5.6 percent), the USA (-4.9 percent), Korea (-2.6 percent), and China (-0.9 percent).

Statistics of Hong Kong l Chusnul Ch Manan | chusnul@tradingeconomics.com
12/29/2016 2:08:13 PM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -34053.00 -37223.00 7228.00 -59253.00 HKD Million [+]
Exports 340935.00 313726.00 340935.00 172.00 HKD Million [+]
Imports 374987.00 350949.00 382355.00 230.00 HKD Million [+]
Current Account 45561.00 14829.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 100.80 100.40 108.50 99.00 Index Points [+]
Capital Flows -75890.00 8918.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4646938.00 4953705.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10375352.00 9928749.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]



Hong Kong Balance of Trade Notes

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 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 - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-34053.00 -37223.00 7228.00 -59253.00 1952 - 2016 HKD Million Monthly



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Japan 153.00 Nov/16
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Liechtenstein 327117.00 Sep/16
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Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
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Malaysia 9030.00 Nov/16
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Mali -226.10 Sep/15
Malta -102800.00 Nov/16
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Mexico 200.00 Nov/16
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Mongolia 362.30 Dec/16
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Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
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Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -387.80 Nov/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
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Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
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