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

Hong Kong trade gap decreased to HKD 40.11 billion in May of 2015 from a HKD 42.35 billion deficit a year earlier, as exports and imports fell. Balance of Trade in Hong Kong averaged -6001.88 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.

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Hong Kong Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-40110.00 -39164.00 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. Content for - Hong Kong Balance of Trade - was last refreshed on Tuesday, June 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-28 09:30 AM Mar HKD -46.21B HKD -35.88B HKD -41.9B
2015-05-28 09:30 AM Apr HKD -39.2B HKD -46.21B HKD -45B HKD -38.8B
2015-06-25 09:30 AM May HKD -40.11B HKD -39.2B HKD -42.2B
2015-07-27 09:30 AM Jun HKD -40.11B HKD -41B
2015-08-25 09:30 AM Jul HKD -37.6B
2015-09-24 09:30 AM Aug HKD -34.7B


Hong Kong Trade Deficit Narrows in May


Hong Kong trade gap decreased to HKD 40.11 billion in May of 2015 from a HKD 42.35 billion deficit a year earlier, as exports and imports fell.

Exports went down by 4.6 percent to HKD 291.8 billion compared with May 2014, after a year-on-year increase of 2.2 percent in April 2015. Sales to Asia declined 5.7 percent, due to decreases in Taiwan (-23.9 percent), Japan (-13.6 percent), India (-7.7 percent), the mainland of China (-6.6 percent) and Korea (-6.4 percent). On the other hand, overall increases were recorded in Vietnam (+35.1 percent) and Malaysia (+9.1 percent). Apart from destinations in Asia, decreases were also registered in Germany (-5.7 percent). In contrast, increases were registered in the value of total exports in the United Kingdom (+7.6 percent) and the USA (+5.3 percent)

Exports of office machines and automatic data processing machines went down by 9.4 percent; non-metallic mineral manufactures decreased by 11.2 percent and miscellaneous manufactured articles by 8.1 percent; while electrical machinery, apparatus and appliances, and electrical parts thereof went up 2.1 percent.

Imports declined 4.7 percent to HKD 331.9 billion compared with May of the previous year, after a year-on-year decrease of 2.9 percent in April 2015, driven by less purchases from Switzerland (-31.8 percent), Malaysia (-17.4 percent), Japan (-13.6 percent), Taiwan (-11.5 percent), Korea (-10.5 percent), India (-10.1 percent), and the mainland of China (-2.4 percent). In contrast, increases were registered from USA (+12.4 percent) and Thailand (+4.5 percent).

Imports of office machines and automatic data processing machines decreased by 13.9 percent; electrical machinery, apparatus and appliances and electrical parts thereof by 3 percent; and non-metallic mineral manufactures by 15 percent. However, a year-on-year increase was registered in the value of telecommunications and sound recording and reproducing apparatus and equipment by 9.5 percent.

The visible trade deficit of HKD 40.1 billion was equivalent to 12.1 percent of the value of imports of goods.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/25/2015 12:19:12 PM


Recent Releases

Hong Kong Trade Deficit Narrows in April
Hong Kong trade gap decreased to HKD 39.16 billion in April of 2015 from a HKD 55.29 billion deficit a year earlier, as exports rose and imports fell.
Published on 2015-05-28

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.
Published on 2015-04-28

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 -40110.00 -39164.00 7228.00 -59250.00 HKD Million [+]
Exports 291830.00 291944.00 331986.00 172.00 HKD Million [+]
Imports 331940.00 331108.00 382355.00 230.00 HKD Million [+]
Current Account 380.00 16701.00 92020.00 -9493.00 HKD Million [+]
Current Account to GDP 1.90 1.50 13.70 -6.30 percent [+]
Terms of Trade 100.70 100.40 108.50 99.00 Index Points [+]
Capital Flows -27600.00 -45297.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1942546.00 2057999.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9973068.00 10007973.00 10007973.00 2707907.00 HKD Million [+]
Foreign Direct Investment 10482.90 10482.90 10482.90 3319.70 HKD Billion [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -3888.00 Apr/15 -1231.00 2254.00 -3888.00 AUD Million [+]
Brazil 2761.00 May/15 491.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 6320.00 May/15 8488.00 8488.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6750.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]