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

Hong Kong recorded a trade deficit of 37020 HKD Million in January of 2015. Balance of Trade in Hong Kong averaged -5820.43 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


Actual Previous Highest Lowest Dates Unit Frequency
-37020.00 -59250.00 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 Saturday, February 28, 2015.


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.

Exports rose 2.8 percent year-on-year to HKD 311.87 billion, following a 0.6 percent increase in the previous month. 

Sales to Asia as a whole grew by 7.1 percent, mainly driven by sales to Vietnam (+35.1 percent), the Philippines (+20.7 percent), Singapore (+17.1 percent), Thailand (+15.1 percent) and China (+9.2 percent). On the other hand, decreases were recorded sales to South Korea (-15.0 percent), Japan (-13.9 percent) and India (-6.4 percent).

Apart from destinations in Asia, increases were registered in shipments to the United Kingdom (+3.8 percent) while sales to Germany shrank 11.2 percent and those to the USA dropped 6.4 percent.

By commodity, increases were registered for electrical machinery, apparatus and appliances, and electrical parts thereof (up 12.9 percent) and telecommunications and sound recording and reproducing apparatus and equipment (+4.2 percent). However, decreases were recorded for apparel and clothing accessories (-21.9 percent) and non-metallic mineral manufactures (-11.6 percent).

Imports surged 7.9 percent year-on-year to HKD 349.9 billion, driven by purchases from Japan (+23.1 percent), Taiwan (+18.3 percent), South Korea (+13.5 percent), Thailand (+11.2 percent), Singapore (+9.7 percent) and China (+5.5 percent).

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
2/26/2015 9:37:22 AM


Recent Releases

Hong Kong Trade Deficit at Record High
Hong Kong recorded a HKD 59.3 billion gap in December of 2014, the highest on record and compared with a HKD 54.3 billion deficit a year earlier. Exports rose a meager 0.6 percent hurt by lower demand from the Asian countries while imports increased 1.9 percent. Published on 2015-01-27

Hong Kong Trade Deficit at 7-Month High
Hong Kong trade gap widened to HKD 52.16 billion in November of 2014 from a HKD 44.58 billion shortfall a year earlier, as exports posted the lowest gain in seven months. Published on 2014-12-29


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-29 08:30 AM
Balance of Trade  Nov
HKD -52.16B HKD -49.8B HKD -38.5B
2015-01-27 08:30 AM
Balance of Trade  Dec
HKD -59.3B HKD -52.16B HKD -52.6B
2015-02-26 08:30 AM
Balance of Trade  Jan
HKD -37.02B HKD -59.3B HKD -31.8B HKD -46.7B
2015-03-26 08:30 AM
Balance of Trade  Feb
HKD -37.02B HKD -55.1B
2015-04-28 09:30 AM
Balance of Trade  Mar
HKD -59.9B
2015-05-28 09:30 AM
Balance of Trade  Apr
HKD -58.8B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -37020.00 -59250.00 7228.00 -59250.00 HKD Million [+]
Exports 311870.00 312760.00 331986.00 172.00 HKD Million [+]
Imports 349890.00 372010.00 382355.00 230.00 HKD Million [+]
Current Account 43299.00 -8080.00 92020.00 -8080.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 percent [+]
Terms of Trade 101.60 101.60 108.50 99.00 Index Points [+]
Capital Flows -69064.00 -11997.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1758571.00 1976417.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9801561.00 9942699.00 9942699.00 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 -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]