Hong Kong Balance of Trade 1952-2015 | Data | Chart | Calendar | Forecast

Hong Kong recorded a trade deficit of 46206 HKD Million in March of 2015. Balance of Trade in Hong Kong averaged -5913.25 HKD Million from 1952 until 2015, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59250 HKD Million in December of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

      Forecast
Hong Kong Balance of Trade
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-46206.00 -35884.00 7228.00 -59250.00 1952 - 2015 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. Content for - Hong Kong Balance of Trade - was last refreshed on Friday, May 22, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-26 08:30 AM Jan HKD -37.02B HKD -59.3B HKD -31.8B HKD -46.7B
2015-03-26 08:30 AM Feb HKD -35.88B HKD -37.02B HKD -54.6B HKD -55.1B
2015-04-28 09:30 AM Mar HKD -46.21B HKD -35.88B HKD -41.9B
2015-05-28 09:30 AM Apr HKD -46.21B HKD -38.8B
2015-06-25 09:30 AM May HKD -56.4B
2015-07-27 09:30 AM Jun HKD -57.2B


Hong Kong Trade Deficit Narrows in March


Hong Kong trade gap decreased to HKD 46.21 billion in March of 2015 from a HKD 53.67 billion deficit a year earlier, as both exports and imports fell.

Exports went down by 1.8 percent to HKD 296.11 billion compared with March of 2014, after a year-on-year increase of 7.2 percent in February 2015. Sales to Asia grew by 1.1 percent, due to increases in Malaysia (+20.1 percent), Thailand (+12.1 percent), India (+9.8 percent), Vietnam (+7.8 percent) and China (the Mainland) (+3.0 percent). On the other hand, overall decreases were recorded in Taiwan (-22.2 percent), Japan (-20.1 percent), Germany (-20.6 percent), United Kingdom (-13.8 percent), USA (-11.8 percent) and Singapore (-6.7 percent).

Exports of articles of apparel and clothing accessories shrank by 31.6 percent; miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) declined by 10.6 percent; and photographic apparatus, equipment and supplies, optical goods, watches and clocks fell by 14.3 percent; while electrical machinery, apparatus and appliances, and electrical parts thereof rose 6.8 percent.

Imports declined 2.7 percent to HKD 342.32 billion compared with March of the previous year, after a year-on-year decrease of 0.9 percent in February 2015, driven by less purchases from Thailand (-16.8 percent), India (-14.4 percent), Japan (-10.1 percent), Switzerland (-5.5 percent), Malaysia (-3.2 percent) and China (the Mainland) (-2.5 percent). In contrast, increases were registered from the USA (+12.3 percent) and Korea (+8.2 percent).

Imports of non-metallic mineral manufactures fell by 14.1 percent; miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) decreased 7.4 percent; and electrical machinery, apparatus and appliances, and electrical parts thereof by 1.5 percent. However, there was an increase of telecommunications and sound recording and reproducing apparatus and equipment purchases by 7.9 percent.

The visible trade deficit of $46.2 billion is equivalent to 13.5 percent of the value of imports of goods.

According to a Government spokesman, Hong Kong's near-term export performance will still be constrained by the slow global economic recovery and the headwinds arising from the diverging monetary policy among major central banks. Besides, the Greek debt problem and geopolitical tensions in various regions are also worrying. The Government will monitor the situation closely.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/28/2015 10:35:54 AM


Recent Releases

Hong Kong Trade Deficit Narrows in February
Hong Kong trade gap decreased to HKD 35.88 billion in February of 2015 from a HKD 53.67 billion shortfall a year earlier, boosted by a rise in exports. Published on 2015-03-26

Hong Kong Trade Deficit Widens in January
Hong Kong trade gap increased to HKD 37 billion in the first month of 2015 from a 19.9 billion shortfall a year earlier, due to a surge in imports from Japan, Taiwan, South Korea, Thailand, Singapore and China. Yet, the Chinese New Year fell in mid-February this year but in late January last year. Published on 2015-02-26


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -46206.00 -35884.00 7228.00 -59250.00 HKD Million [+]
Exports 296110.00 228380.00 331986.00 172.00 HKD Million [+]
Imports 342320.00 264220.00 382355.00 230.00 HKD Million [+]
Current Account 16701.00 43299.00 92020.00 -8080.00 HKD Million [+]
Current Account to GDP 1.90 1.50 13.70 -6.30 percent [+]
Terms of Trade 100.40 99.90 108.50 99.00 Index Points [+]
Capital Flows -45297.00 -69064.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 2057999.00 1931380.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10007973.00 9801561.00 10007973.00 2707907.00 HKD Million [+]
Foreign Direct Investment 10482.90 9646.60 10482.90 3319.70 HKD Billion [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23400.00 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 479.80 Mar/15 558.30 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]