Hong Kong Balance of Trade  1952-2016 | Data | Chart | Calendar | Forecast

Hong Kong trade deficit increased by 17.1 percent to HKD 33.3 billion in July 2016 from HKD 28.4 billion a year earlier. Exports dropped for the 15th straight month by 5.1 percent while imports declined at a slower 3.3 percent. For the first seven months of the year, the trade deficit amounted to HKD 232.9 billion compared to HKD 270.7 billion in the same period of 2015, as exports of goods dropped 4.1 percent and imports slumped 5.2 percent. Balance of Trade in Hong Kong averaged -6510.15 HKD Million from 1952 until 2016, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59253 HKD Million in December of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-33307.00 -45595.00 7228.00 -59253.00 1952 - 2016 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 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-27 08:30 AM May H$-26.2B H$-31B H$-34.2B
2016-07-26 08:30 AM Jun H$ -45.6B H$-26.2B H$ -32.6B
2016-08-25 08:30 AM Jul H$ -33.3B H$ -45.6B H$-34B
2016-09-27 08:30 AM Aug H$ -33.3B H$ -34B
2016-10-27 08:30 AM Sep -39.2B
2016-11-24 08:30 AM Oct -34.3B

Hong Kong Trade Gap Widens 17.1% YoY in July


Hong Kong trade deficit increased by 17.1 percent to HKD 33.3 billion in July 2016 from HKD 28.4 billion a year earlier. Exports dropped for the 15th straight month by 5.1 percent while imports declined at a slower 3.3 percent. For the first seven months of the year, the trade deficit amounted to HKD 232.9 billion compared to HKD 270.7 billion in the same period of 2015, as exports of goods dropped 4.1 percent and imports slumped 5.2 percent.

Exports declined by 5.1 percent over a year earlier to HKD 304.5 billion, after a decrease of 1 percent in June 2016. Sales to Asia as a whole went down by 5.4 percent, in particular Vietnam (-10.7 percent), India (-9.3 percent), the Philippines (-8.5 percent), China (-6.4 percent) and Malaysia (-1.8 percent). On the other hand, increases were recorded in the values of total exports to Taiwan (+18.1 percent), Singapore (+8.7 percent) and Korea (+4.5 percent). Apart from destinations in Asia, decreases were registered mainly for the United Kingdom (-19.4 percent), Germany (-5.8 percent) and the USA (-1.7 percent).

By commodity, decreases were recorded for: Office machines and automatic data processing machines (-14.7 percent); articles of apparel and clothing accessories (-15.3 percent); and miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (-7.2 percent). However, an increase was registered in the value of total exports of electrical machinery, apparatus and appliances, and electrical parts thereof (+2.2 percent).

Imports decreased by 3.3 percent over a year earlier to HKD 337.8 billion, after a decrease of 0.9 percent in June 2016. Imports from some major suppliers declined: Switzerland (-19.3 percent), Malaysia (-16.1 percent), China (-6.2 percent), Japan (-5.4 percent), the USA (-4.5 percent) and Korea (-0.7 percent). Concurrently, increases were registered in the values of imports from Taiwan (+10.5 percent) and Singapore (+10 percent).

By commodity, decreases were registered in particular for: Miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (-17.8 percent); office machines and automatic data processing machines (-11.8 percent) and articles of apparel and clothing accessories (-17 percent). However, an increase was registered in the value of imports of electrical machinery, apparatus and appliances, and electrical parts thereof (+10 percent).

For the first seven months of the year, the trade deficit amounted to HKD 232.9 billion compared to HKD 270.7 billion in the same period of 2015, as exports of goods dropped 4.1 percent and imports slumped 5.2 percent.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/25/2016 10:59:49 AM

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -33307.00 -45595.00 7228.00 -59253.00 HKD Million [+]
Exports 304465.00 296519.00 331986.00 172.00 HKD Million [+]
Imports 337773.00 342114.00 382355.00 230.00 HKD Million [+]
Current Account 16160.00 25818.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 101.20 100.70 108.50 99.00 Index Points [+]
Capital Flows 10251.00 -55646.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 2174107.00 2028068.00 2274375.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9806748.00 10104981.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]




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Afghanistan -7159.00 Dec/15
Albania -28379.00 Jun/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 270.00 Jul/16
Armenia -81.00 Jul/16
Aruba -426.10 Mar/16
Australia -3195.00 Jun/16
Austria -25.00 May/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -89.35 May/16
Barbados -254822.00 Dec/15
Belarus -71.50 Jun/16
Belgium 1512.30 Jun/16
Belize -131.21 Jun/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -136.10 Mar/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana 4100.60 May/16
Brazil 4578.00 Jul/16
Brunei 166.50 Jun/16
Bulgaria -75.50 Jun/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3632.40 Jun/16
Cape Verde -5167.30 Jun/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -90.13 Jul/16
China 523.08 Jul/16
Colombia -0.97 Jun/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -451.50 Jul/16
Croatia -4704.00 Jun/16
Cuba -9578.00 Dec/15
Cyprus -318121.00 Jun/16
Czech Republic 50618.00 Jun/16
Denmark 7481.80 Jun/16
Djibouti -119840.00 Dec/14
Dominican Republic -631.90 Mar/16
East Timor -38853.09 May/16
Ecuador 235011.00 Jun/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -149.08 Jun/16
Ethiopia -3557.70 Dec/15
Euro Area 29248.20 Jun/16
European Union 7650.10 Jun/16
Fiji -84048.00 Feb/16
Finland 325.00 Jun/16
France -3440.00 Jun/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -494.19 Jul/16
Germany 24869.00 Jun/16
Ghana -773.70 Mar/16
Greece -1463.00 Jun/16
Guatemala -539.70 Jun/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -4.40 Mar/16
Haiti -208.97 Apr/16
Honduras -361.50 May/16
Hong Kong -33307.00 Jul/16
Hungary 355000.00 Jun/16
Iceland -9600.00 Jul/16
India -7761.40 Jul/16
Indonesia 598.30 Jul/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4502100.00 Jun/16
Israel -1600.20 Jul/16
Italy 4662.00 Jun/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 513.51 Jul/16
Jordan -702809.00 May/16
Kazakhstan 1055.00 Jun/16
Kenya -79107.00 Jun/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -222.60 May/16
Laos -594.89 Dec/15
Latvia -169.00 Jun/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -233.30 Jun/16
Luxembourg -0.44 Jun/16
Macau -4888852.71 Jun/16
Macedonia -183852.00 Jun/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 5517.62 Jun/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -241648.00 Jun/16
Mauritania -24.89 Dec/15
Mauritius -6215.00 Jun/16
Mexico -523.64 Jun/16
Moldova -167.30 Jun/16
Monaco 7.80 Mar/16
Mongolia 15.20 Jul/16
Montenegro -175013.00 Jul/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4902.00 Jun/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -195.00 May/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 13951.12 Jul/16
Oman -45.20 Dec/15
Pakistan -217594.00 Jul/16
Palestine -408.60 May/16
Panama -939006.70 Jun/16
Papua New Guinea 3957.00 Dec/15
Paraguay 99931.00 Jul/16
Peru -277.50 Jun/16
Philippines -2098494.00 Jun/16
Poland 404.00 Jun/16
Portugal -923.50 Jun/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -695.80 Jun/16
Russia 8114.00 Jun/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 16295.00 Mar/16
Senegal -151.57 Jun/16
Serbia -464.50 Jun/16
Seychelles -45.27 Jun/16
Sierra Leone -33.70 Dec/15
Singapore 6519.51 Jul/16
Slovakia 515.00 Jun/16
Slovenia 174.81 Jun/16
Somalia -1473.48 Dec/15
South Africa 12530.50 Jun/16
South Korea 7793.00 Jul/16
South Sudan -104.70 Dec/15
Spain -1357000.00 Jun/16
Sri Lanka -811.00 Jun/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 2930.41 Jul/16
Syria 9394.50 Dec/10
Taiwan 3608.26 Jul/16
Tajikistan -168.70 Jun/16
Tanzania -223.30 Apr/16
Thailand 1240.00 Jul/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -822.00 Jul/16
Turkey -6559.00 Jun/16
Turkmenistan 2228.22 Dec/14
Uganda -199.50 Jun/16
Ukraine 11.40 Jun/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5084.00 Jun/16
United States -44510.00 Jun/16
Uruguay 285352.00 Jun/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 564.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -1905.90 Jun/16
Zimbabwe -322.86 Mar/16