Hong Kong Balance of Trade  1952-2016 | Data | Chart | Calendar | Forecast

Hong Kong reported a HKD 45.6 billion trade deficit in June of 2016, 0.41 percent lower than a HKD 45.7 billion gap a year earlier. Exports shrank 1 percent, falling for the fourteenth straight month while imports declined 0.9 percent, the least since February of 2015. Both exports and imports have been falling due to sluggish global demand. Balance of Trade in Hong Kong averaged -6475.52 HKD Million from 1952 until 2016, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59253 HKD Million in December of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-45595.00 -26228.00 7228.00 -59253.00 1952 - 2016 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 the latest reported value for - Hong Kong Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-26 08:30 AM Apr H$-31B H$-47.03B H$-38.6B H$-46.7B
2016-06-27 08:30 AM May H$-26.2B H$-31B H$-34.2B
2016-07-26 08:30 AM Jun H$ -45.6B H$-26.2B H$ -32.6B
2016-08-25 08:30 AM Jul H$ -45.6B -34B
2016-09-27 08:30 AM Aug -34B
2016-10-27 08:30 AM Sep -39.3B

Hong Kong Trade Deficit Narrows Slightly in June


Hong Kong reported a HKD 45.6 billion trade deficit in June of 2016, 0.41 percent lower than a HKD 45.7 billion gap a year earlier. Exports shrank 1 percent, falling for the fourteenth straight month while imports declined 0.9 percent, the least since February of 2015. Both exports and imports have been falling due to sluggish global demand.

Exports declined to HKD 296.5 billion after edging down 0.1 percent in May. Sales to Asia as a whole grew 0.5 percent, mainly to Taiwan (+10.1 percent), India (+9.2 percent), China (+1.8 percent) and South Korea (+0.9 percent). On the other hand, decreases were recorded for Singapore (-9.4 percent), Thailand (-9.1 percent), Japan (-8.2 percent) and Malaysia (-8.2 percent). Outside Asia, shipments to the United Kingdom (-10.3 percent) and the US (-7.3 percent) fell while those to Germany (+1 percent) increased. By product, sales declined for office machines and automatic data processing machines (-10.6 percent); miscellaneous manufactured articles (mainly jewellery, goldsmiths' and silversmiths' wares) (-15.4 percent) and articles of apparel and clothing accessories (-16.4 percent). 

Imports went down to HKD 342.1 billion. It is the smallest decline in seventeen straight months of falls. Imports from some major suppliers declined: Switzerland (-18.6 percent), the US (-17.9 percent) and Malaysia (-9.2 percent) but increases were registered from South Korea (+17.2 percent), Singapore (+11.7 percent), India (+4.5 percent) and Thailand (+3.4 percent). Imports from China edged up 0.2 percent. 

For the first half of 2016, exports of goods dropped 3.9 percent over the same period in 2015 and imports of goods slumped 5.6 percent. A visible trade deficit of HKD 199.6 billion, equivalent to 10.8 percent of the value of imports was recorded. 

Considering the second quarter only, exports increased 6.9 percent from the previous period. Within this total, the value of re-exports rose 7.1 percent while domestic exports went down 3.6 percent. Meanwhile, imports of goods increased by 4.5 percent.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
7/26/2016 12:33:24 PM

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -45595.00 -26228.00 7228.00 -59253.00 HKD Million [+]
Exports 296519.00 291500.00 331986.00 172.00 HKD Million [+]
Imports 342114.00 317728.00 382355.00 230.00 HKD Million [+]
Current Account 17553.00 25818.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 100.70 100.70 108.50 99.00 Index Points [+]
Capital Flows 10251.00 -55646.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 2028068.00 1969983.00 2274375.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9806748.00 10104981.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]




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Japan 692.84 Jun/16
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Kazakhstan 681.90 May/16
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Kuwait 402.00 Mar/16
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Liechtenstein 371580.00 Mar/16
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Macau -4571042.93 May/16
Macedonia -209476.00 May/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
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Mali -100.60 Mar/15
Malta -256269.00 May/16
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Netherlands 4339.00 May/16
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New Zealand 127.00 Jun/16
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Norway 6971.00 Jun/16
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