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

Hong Kong recorded a trade deficit of 59250 HKD Million in December of 2014. Balance of Trade in Hong Kong averaged -5779.16 HKD Million from 1952 until 2014, 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
-59250.00 -52163.00 7228.00 -59250.00 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 Saturday, January 31, 2015.


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.

Sales amounted to HKD 312.8 billion. Exports to Asia as a whole went down by 1.5 percent. In this region, decreases were registered to South Korea (-20.4 percent), India (-11.4 percent), Vietnam (-3.3 percent), Japan (-2.9 percent) and China (-1.7 percent). On the other hand, increases were recorded for the Philippines (+27.3 percent), Malaysia (+24.4 percent) and Thailand (+9.8 percent).

Apart from destinations in Asia, shipments to the United States rose 7.6 percent while exports to Germany and the United Kingdom fell 2.7 percent and 2.4 percent respectively. 

Imports were recorded at HKD 372 billion. Purchases from some major suppliers, in particular Malaysia (+20.5 percent), Taiwan (+8.2 percent), China (+5.4 percent), India (+5.2 percent) and Korea (+2.9 percent) increased. Concurrently, decreases were registered in the values of imports from the USA (-16.5 percent), Japan (-5.3 percent) and Switzerland (-3.3 percent).

For 2014 as a whole, exports of goods rose by 3.2 percent over 2013. Within this total, the value of re-exports increased by 3.2 percent, while the value of domestic exports grew 1.7 percent. Concurrently, the value of imports of goods increased by 3.9 percent, resulting in a trade deficit of HKD 546.3 billion.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
1/27/2015 11:24:30 AM


Recent Releases

Hong Kong Trade Deficit at 7-Month High
Hong Kong trade gap widened to HKD 52.16 billion in November of 2014 from a HKD 44.58 billion shortfall a year earlier, as exports posted the lowest gain in seven months. Published on 2014-12-29

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. Published on 2014-11-25


Calendar GMT Event Actual Previous Consensus Forecast (i)
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 -52.16B HKD -49.8B HKD -38.5B
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 -59.3B HKD -46.7B
2015-03-26 08:30 AM
Balance of Trade  Feb
HKD -55.1B
2015-04-28 09:30 AM
Balance of Trade  Mar
HKD -59.9B


Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -59250.00 -52163.00 7228.00 -59250.00 HKD Million [+]
Exports 312760.00 326783.00 331986.00 172.00 HKD Million [+]
Imports 372010.00 378946.00 382355.00 230.00 HKD Million [+]
Current Account 43299.00 -8080.00 92020.00 -8080.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 percent [+]
Terms of Trade 101.60 101.30 108.50 99.00 Index Points [+]
Capital Flows -69064.00 -11997.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1976417.00 1782455.00 2092072.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9801561.00 9801561.00 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 -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 5110.00 Nov/14 4849.00 5110.00 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8505.55 Dec/14 -8306.48 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]