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

Hong Kong recorded a trade deficit of 35884 HKD Million in February of 2015. Balance of Trade in Hong Kong averaged -5899.64 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


Actual Previous Highest Lowest Dates Unit Frequency
-35884.00 -37020.00 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 Wednesday, April 1, 2015.


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.

Comparing with the same month of the previous year, exports increased by 7.2 percent to HKD 228.3 billion. Sales to Asia went down by 3.3 percent mainly due to decreases in Taiwan (-11.5 percent) and the mainland of China  (-10.1 percent). On the other hand, strong increases were recorded in the values of total exports to the USA (+55.2 percent), Philippines (+52.7 percent), Thailand (+49.6 percent) United Kingdom (+47.3 percent), Germany (+37.3 percent) and Japan (+27.1 percent). 

Exports of articles of apparel and clothing accessories went up by 49.2 percent to HKD 3.6 billion; miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) increased by 29.6 percent to  HKD 3.2 billion and telecommunications and sound recording and reproducing apparatus and equipment rose by 21.4 percent to HKD 8.5 billion; 

Imports decreased by 0.9 percent over a year earlier to HKD 264.2 billion in February of 2015, driven by less purchases from Switzerland (-27.1 percent), Taiwan (-15.9 percent), Japan (-14.1 percent), Singapore (-12.3 percent) and Malaysia (-11.7 percent). Concurrently, increases were registered in the values of imports from the Mainland (+12.6 percent) and Korea (+3.9 percent). 

Imports of miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) fell by 19.1 percent to HKD 3.3 billion; petroleum, petroleum products and related materials dropped by 30.9 to HKD 2.6 billion and office machines and automatic data processing machines decreased by 9.8 percent to HKD 2.4 billion. However, an increase of 26.6 percent was registered in the value of imports of telecommunications and sound recording and reproducing apparatus and equipment.

A Government spokesman noted that taking the first two months of 2015 together to remove the distortion caused by the difference in timing of the Chinese New Year holidays, merchandise exports grew moderately against a relatively low base of comparison a year earlier. Exports to the US and some Asian economies saw more visible growth. Nevertheless, given the still-challenging global economic outlook, more observations will be needed to ascertain if the moderate growth trend will continue in the period ahead.

Census and Statistics Department | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/26/2015 9:27:38 AM


Recent Releases

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 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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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 -35.88B HKD -37.02B HKD -54.6B HKD -55.1B
2015-04-28 09:30 AM
Balance of Trade  Mar
HKD -35.88B HKD -59.9B
2015-05-28 09:30 AM
Balance of Trade  Apr
HKD -58.8B
2015-06-25 09:30 AM
Balance of Trade  May
HKD -56.4B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -35884.00 -37020.00 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 17049.00 43299.00 92020.00 -8080.00 HKD Million [+]
Current Account to GDP 1.90 1.50 13.70 -6.30 percent [+]
Terms of Trade 101.20 101.10 108.50 99.00 Index Points [+]
Capital Flows -45297.00 -69064.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1801530.00 1758571.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10007973.00 9801561.00 10007973.00 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 -980.00 Jan/15 -503.00 2219.00 -3897.00 AUD Million [+]
Brazil -2841.76 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -2451.00 Jan/15 -1218.00 8524.80 -2902.90 CAD Million [+]
China 606.19 Feb/15 600.30 606.19 -319.71 USD Hundred Million [+]
Euro Area 7943.60 Jan/15 24009.80 24009.80 -16638.00 EUR Million [+]
France -3726.00 Jan/15 -3296.00 2674.00 -7086.00 EUR Million [+]
Germany 15900.00 Jan/15 18900.00 23400.00 -535.91 EUR Million [+]
India -6847.00 Feb/15 -8322.00 258.90 -20210.90 USD Million [+]
Indonesia 738.30 Feb/15 743.50 4641.92 -2329.13 USD Million [+]
Italy 219.00 Jan/15 5741.00 6923.00 -6389.30 EUR Million [+]
Japan -425.00 Feb/15 -1177.50 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 5138.00 Jan/15 4891.20 5138.00 -907.60 EUR Million [+]
Russia 15047.00 Jan/15 12927.00 20356.00 -185.00 USD Million [+]
South Korea 7706.30 Feb/15 5362.32 7706.31 -4043.45 USD Million [+]
Spain -2596200.00 Jan/15 -1821800.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2472.61 Feb/15 3409.00 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -616.00 Jan/15 -2142.00 2946.00 -5397.00 GBP Million [+]
United States -41752.00 Jan/15 -45601.00 1946.00 -67823.00 USD Million [+]