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

Hong Kong recorded a trade deficit of 45783 HKD Million in June of 2015. Balance of Trade in Hong Kong averaged -6054.08 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
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Actual Previous Highest Lowest Dates Unit Frequency
-45783.00 -40110.00 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 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. Content for - Hong Kong Balance of Trade - was last refreshed on Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-28 09:30 AM Apr HKD -39.2B HKD -46.21B HKD -45B HKD -38.8B
2015-06-25 09:30 AM May HKD -40.11B HKD -39.2B HKD -42.2B
2015-07-27 09:30 AM Jun HKD -45.78B HKD -40.11B HKD -41B
2015-08-25 09:30 AM Jul HKD -45.78B HKD -37.6B
2015-09-24 09:30 AM Aug HKD -34.7B
2015-10-27 08:30 AM Sep HKD -36.3B


Hong Kong Trade Deficit Widens in June


Hong Kong trade gap increased to HKD 45.78 billion in June of 2015 from a HKD 43.1 billion deficit a year earlier, as exports and imports fell.

Exports went down by 3.1 percent to HKD 299.5 billion compared with June 2014, after a year-on-year decrease of 4.6 percent in May 2015. Sales to Asia declined 4.1 percent, due to decreases in Korea (-23.8 percent), Taiwan (-18.2 percent), Malaysia (-10.7 percent), Thailand (-7.5 percent), Japan (-6.2 percent), the mainland of China (-4.3 percent). On the other hand, overall increases were recorded in Vietnam (+19.3 percent) and Philippines (+13.1 percent). Apart from destinations in Asia, decrease was also registered in United Kingdom (-6.7 percent). In contrast, increase was registered in the value of total exports in the USA (+0.6 percent).

Exports of articles of apparel and clothing accessories went down by 12.4 percent; office machines and automatic data processing machines by 6.2 percent; electrical machinery, apparatus and appliances, and electrical parts thereof decreased by 2.5 percent; while telecommunications and sound recording and reproducing apparatus and equipment went up by 4.5 percent.

Imports declined 2 percent to HKD 345.3 billion compared with June of the previous year, after a year-on-year decrease of 4.7 percent in May 2015, driven by less purchases from Switzerland (-21.7 percent), Taiwan (-12.4 percent), Singapore (-10.7 percent), Thailand (-5.9 percent), Japan (- 8.3 percent), Korea (- 2.5 percent).  In contrast, increases were registered from Malaysia (+6.5 percent), USA (+4.4 percent), and the mainland of China (+2.4 percent).

Imports of electrical machinery, apparatus and appliances, and electrical parts thereof decreased by -1.7 percent; office machines and automatic data processing machines by 4.8 percent; non-metallic mineral manufactures by 9.9 percent. However, a year-on-year increase was registered in the value of telecommunications and sound recording and reproducing apparatus and equipment by 11.2 percent.

The visible trade deficit of HKD 45.8 billion was equivalent to 13.3 percent of the value of imports of goods.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/27/2015 10:15:46 AM


Recent Releases

Hong Kong Trade Deficit Narrows in May
Hong Kong trade gap decreased to HKD 40.11 billion in May of 2015 from a HKD 42.35 billion deficit a year earlier, as exports and imports fell.
Published on 2015-06-25

Hong Kong Trade Deficit Narrows in April
Hong Kong trade gap decreased to HKD 39.16 billion in April of 2015 from a HKD 55.29 billion deficit a year earlier, as exports rose and imports fell.
Published on 2015-05-28

Hong Kong Trade Deficit Narrows in March
Hong Kong trade gap decreased to HKD 46.21 billion in March of 2015 from a HKD 53.67 billion deficit a year earlier, as both exports and imports fell.
Published on 2015-04-28

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.
Published on 2015-03-26


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -45783.00 -40110.00 7228.00 -59250.00 HKD Million [+]
Exports 299518.00 291830.00 331986.00 172.00 HKD Million [+]
Imports 345302.00 331940.00 382355.00 230.00 HKD Million [+]
Current Account 380.00 16701.00 92020.00 -20579.00 HKD Million [+]
Current Account to GDP 1.90 1.50 13.70 -6.30 percent [+]
Terms of Trade 100.90 100.70 108.50 99.00 Index Points [+]
Capital Flows -27600.00 -45297.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1885384.00 1942546.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9973068.00 10007973.00 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 -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]