Hong Kong Balance of Trade 1952-2014 | Data | Chart | Calendar | Forecast

Hong Kong recorded a trade deficit of 31525 HKD Million in August of 2014. Balance of Trade in Hong Kong averaged -5528.48 HKD Million from 1952 until 2014, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -55290 HKD Million in April of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

   
 
 

Hong Kong Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-31525.00 -42132.00 7228.00 -55290.00 1952 - 2014 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 Wednesday, October 1, 2014.


Hong Kong Trade Deficit Narrows in August


Hong Kong trade gap decreased to HKD 31.5 billion in August of 2014 from HKD 39.57 billion a year earlier, as merchandise exports continued to expand solidly, supported by further growth across most major markets.

In August 2014, the value of total exports of goods (comprising re-exports and domestic exports) increased by 6.4 percent over a year earlier to HKD 327.2 billion, after a year-on-year increase of 6.8 percent in July 2014. Within this total, the value of re-exports increased by 6.4 percent to HKD 321.9 billion in August 2014, while the value of domestic exports increased by 7.2 percent to HKD 5.3 billion. 

Year-on-year, total exports to Asia as a whole grew by 5.8 percent. In this region, increases were registered in the values of total exports to most major destinations, in particular India (+38.1 percent), Thailand (+32.7 percent), Malaysia (+23.8 percent), Taiwan (+13.7 percent) and Vietnam (+13.3 percent). The value of total exports to the mainland of China also rose by 3.9 percent. Apart from destinations in Asia, increases were also registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (+9.4 percent) and the USA (+5.7 percent). Concurrently, a decrease was registered in the value of total exports to Germany (-7.8 percent).

Meanwhile, increases were registered in the values of total exports of some principal commodity divisions, in particular electrical machinery, apparatus and appliances, and electrical parts thereof (+16.7 percent), office machines and automatic data processing machines (+ 8.5 percent) and telecommunications and sound recording and reproducing apparatus and equipment (+ 4.0 percent).

The value of imports of goods increased by 3.4 percent over a year earlier to HKD 358.8 billion in August 2014, after a year-on-year increase of 7.5 percent in July 2014. Increases were registered in the values of imports from some major suppliers, in particular Taiwan (+25.9 percent), Malaysia (+21.6 percent), Thailand (+14.5 percent), Singapore (+4.4 percent), Korea (+1.9 percent) and the Mainland (+1.8 percent). Concurrently, decreases were registered in the values of imports from Switzerland (-4.1 percent), Japan (-3.7 percent) and India (-2.3 percent).

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
9/25/2014 10:10:33 AM


Recent Releases

Hong Kong Trade Deficit Widens in July
Hong Kong trade deficit increased to HKD 42.1 billion in July of 2014 from a HKD 37.1 billion gap a year earlier. Although exports grew solidly further in July, following a double-digit surge in June, imports increased at a faster pace. Published on 2014-08-25

Hong Kong Trade Deficit Almost Unchanged in June
Hong Kong trade gap increased slightly to HKD 43.1 billion in June of 2014, from HKD 42.4 billion in the previous month. Compared with a year earlier, the trade deficit decreased by 13.2 percent, as exports for the major markets strengthened. Published on 2014-07-24


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-26 09:30 AM Hong Kong
Balance of Trade
May 2014 HKD -42.35B HKD -55.3B HKD -49.8B HKD -48.2B
2014-07-24 09:30 AM Hong Kong
Balance of Trade
Jun 2014 HKD -43.11B HKD -42.35B HKD -48.5B HKD -47.4B
2014-08-25 09:30 AM Hong Kong
Balance of Trade
Jul 2014 HKD -42.13B HKD -43.11B HKD -42.7B
2014-09-25 09:30 AM Hong Kong
Balance of Trade
Aug 2014 HKD -31.53B HKD -42.13B HKD -43.3B HKD -39.9B
2014-10-27 09:30 AM Hong Kong
Balance of Trade
Sep 2014 HKD -31.53B HKD -39.2B


Trade Last Previous Highest Lowest Unit
Balance of Trade -31525.00 -42132.00 7228.00 -55290.00 HKD Million [+]
Exports 327225.00 326160.00 327225.00 172.00 HKD Million [+]
Imports 358750.00 368293.00 370104.00 230.00 HKD Million [+]
Current Account -8940.00 -4429.00 92020.00 -8940.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 Percent [+]
Terms of Trade 100.30 100.50 108.50 99.00 Index Points [+]
Capital Flows 29922.00 -45288.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1939530.00 1793732.00 2035367.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9550062.00 9043390.00 9550062.00 2707907.00 HKD Million [+]
Foreign Direct Investment 9646.60 8377.00 9646.60 3319.70 HKD Billion [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia -318.00 Aug/14 42.40 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -1123.00 Aug/14 -979.88 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3361.00 Sep/14 3370.00 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -8040.00 Aug/14 -6460.00 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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