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

Hong Kong recorded a trade deficit of 49842 HKD Million in October of 2014. Balance of Trade in Hong Kong averaged -5646.73 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.

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Hong Kong Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-49842.00 -50369.00 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 Tuesday, December 23, 2014.


Hong Kong Trade Deficit Widens in October


Hong Kong trade gap increased to HKD 49.8 billion in October of 2014 from HKD 38.05 billion a year earlier, as imports rose faster than exports.

In October 2014, the value of total exports of goods (comprising re-exports and domestic exports) increased by 2.7 percent over a year earlier to HKD 331.7 billion, after a 4.5 percent rise in September 2014. At the same time, the value of imports of goods increased by 5.6 percent over a year earlier to HKD 381.6 billion in October 2014, after a 6.3 percent rise in September 2014.

Year-on-year, total exports to Asia grew by 1.7 percent, driven by sales to Vietnam (43.8 percent), Malaysia (42.1 percent), the Philippines (17.2 percent), Thailand (13.7 percent), India (12.0 percent) and China (0.1 percent). On the other hand, exports to South Korea and Taiwan (-2.8 percent) decreased by 10.8 percent and 2.8 percent respectively. Apart from destinations in Asia, shipments rose to the United States (3.7 percent) and fell to Germany (-12.3 percent) and the United Kingdom (-1.7 percent).

By commodity, increases were registered in shipments of telecommunications and sound recording and reproducing apparatus and equipment (6.6 percent); electrical machinery, apparatus and appliances and electrical parts (4.5 percent); and office and automatic data processing machines (7.5 percent).

Imports from most major suppliers increased, in particular from India (29.6 percent), Taiwan (24.2 percent), South Korea (21.9 percent), Thailand (21.5 percent) and Singapore (8.4 percent). Purchases from China also rose by 4.4 percent. At the same time, a decrease was registered in imports from Malaysia (14.0 percent).

By commodity, imports of electrical machinery, apparatus and appliances, and electrical parts rose 11.6 percent; telecommunications and sound recording and reproducing apparatus and equipment went up 12.9 percent; and office and automatic data processing machines increased by 7 percent.

In the first ten months of 2014, exports of goods rose by 3.8 percent over the same period in 2013. Concurrently, the value of imports of goods increased by 4.3 percent. 

Census and Statistics Department | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/25/2014 1:24:25 PM


Recent Releases

Hong Kong Trade Deficit Widens 20% in September
Hong Kong trade gap increased to HKD 50.4 billion in September of 2014 from HKD 42 billion a year earlier. It is the highest shortfall in five months as exports grew at a slower pace and imports surged. Published on 2014-10-27

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. Published on 2014-09-25


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-25 09:30 AM
Balance of Trade  Aug
HKD -31.53B HKD -42.13B HKD -43.3B HKD -39.9B
2014-10-27 08:30 AM
Balance of Trade  Sep
HKD -50.37B HKD -31.53B HKD -39.2B
2014-11-25 08:30 AM
Balance of Trade  Oct
HKD -49.8B HKD -50.37B HKD -36B
2014-12-29 08:30 AM
Balance of Trade  Nov
HKD -49.8B HKD -38.5B
2015-01-27 08:30 AM
Balance of Trade  Dec
2015-02-25 08:30 AM
Balance of Trade  Jan


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -49842.00 -50369.00 7228.00 -55290.00 HKD Million [+]
Exports 331727.00 331986.00 331986.00 172.00 HKD Million [+]
Imports 381569.00 382355.00 382355.00 230.00 HKD Million [+]
Current Account 43299.00 -8080.00 92020.00 -8940.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 percent [+]
Terms of Trade 100.20 100.30 108.50 99.00 Index Points [+]
Capital Flows -11997.00 29922.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1930500.00 1655736.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9942699.00 9550062.00 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 -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]