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

Hong Kong recorded a trade deficit of 50369 HKD Million in September of 2014. Balance of Trade in Hong Kong averaged -5588.03 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
-50369.00 -31525.00 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 Friday, November 21, 2014.


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.

In September 2014, the value of total exports of goods increased by 4.5 percent over a year earlier to HKD 332.0 billion, after a year-on-year increase of 6.4 percent in August 2014. Within this total, the value of re-exports increased by 4.6 percent, whereas the value of domestic exports decreased by 5.5 percent. Concurrently, the value of imports of goods increased by 6.3 percent over a year earlier to HKD 382.4 billion in September 2014, after a year-on-year increase of 3.4 percent in August 2014. 

Sales to Asia as a whole grew by 4.5 percent. In this region, increases were registered in the values of total exports to most major destinations, in particular India (+29.1 percent), the Philippines (+18.4 percent), Vietnam (+16.2 percent), Malaysia (+15.3 percent) and Thailand (+14.2 percent). The value of total exports to China also rose by 3.6 percent. On the other hand, decreases were recorded in exports to Korea (-20.5 percent) and Japan (-2.6 percent).

Apart from destinations in Asia, increases were also registered in shipments to the USA (+1.3 percent). Concurrently, decreases were registered in the values of total exports to the United Kingdom (-6.4 percent) and Germany (-4.5 percent).

Meanwhile, sales of some principal commodity divisions increased, in particular electrical machinery, apparatus and appliances, and electrical parts thereof (+ 9.8 percent), telecommunications and sound recording and reproducing apparatus and equipment (+6.2 percent) and non-metallic mineral manufactures (+23.6 percent).

Imports from all major suppliers rose, in particular Malaysia (+21.8 percent), Taiwan (+15.4 percent), Thailand (+14.7 percent), Korea (+8.8 percent) and Singapore (+7.2 percent). The value of imports from China also rose by 2.0 percent. 

For the first nine months of 2014 exports rose 3.9 percent year-on-year while imports increased 4.1 percent. 

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
10/27/2014 8:54:45 AM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-25 09:30 AM
Balance of Trade  Jul 2014
HKD -42.13B HKD -43.11B HKD -42.7B
2014-09-25 09:30 AM
Balance of Trade  Aug 2014
HKD -31.53B HKD -42.13B HKD -43.3B HKD -39.9B
2014-10-27 08:30 AM
Balance of Trade  Sep 2014
HKD -50.37B HKD -31.53B HKD -39.2B
2014-11-25 08:30 AM
Balance of Trade  Oct 2014
HKD -50.37B HKD -36B
2014-12-29 08:30 AM
Balance of Trade  Nov 2014
HKD -38.5B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -50369.00 -31525.00 7228.00 -55290.00 HKD Million [+]
Exports 331986.00 327225.00 331986.00 172.00 HKD Million [+]
Imports 382355.00 358750.00 382355.00 230.00 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 100.20 100.30 108.50 99.00 Index Points [+]
Capital Flows -11997.00 29922.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1655736.00 2092072.00 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 9646.60 8377.00 9646.60 3319.70 HKD Billion [+]