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

Hong Kong trade deficit decreased by 29.6 percent to HKD 45.7 billion in December of 2015 from a HKD 59.2 billion deficit a year earlier, as exports fell at a slower pace than imports. Considering full 2015, the trade gap decreased 19.2 percent to HKD 441.1 billion as sales declined 1.8 percent and imports shrank 4.1 percent. Balance of Trade in Hong Kong averaged -6265.04 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.

Hong Kong Balance of Trade
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-45706.00 -33093.00 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. Hong Kong Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-26 08:30 AM Oct H$-29.6B H$-36.4B H$-35.2B H$ -30.6B
2015-12-28 08:30 AM Nov H$-33.1B H$-29.6B H$ -30.5B
2016-01-26 08:30 AM Dec H$-45.70B H$-33.1B H$ -34.9B
2016-02-25 08:30 AM Jan H$-45.70B -37.2B
2016-03-29 08:30 AM Feb -38.5B
2016-04-26 08:30 AM Mar -40.7B

Hong Kong Trade Gap Narrows 30% in December


Hong Kong trade deficit decreased by 29.6 percent to HKD 45.7 billion in December of 2015 from a HKD 59.2 billion deficit a year earlier, as exports fell at a slower pace than imports. Considering full 2015, the trade gap decreased 19.2 percent to HKD 441.1 billion as sales declined 1.8 percent and imports shrank 4.1 percent.

Year-on-year, exports went down by 1.1 percent  to HKD 309.2 billion from HKD 312.7 billion. Exports to Asia went down by 0.1 percent, as sales to Malaysia (-9.9 percent), Korea (-9.1 percent), Taiwan (-8.7 percent), Thailand (-8.1 percent), Singapore (-5.3 percent) and Japan (-0.7 percent) fell the most and shipments to China decreased by 0.9 percent. On the other hand, exports rose to Indonesia (+15.8 percent) and India (+8.5 percent) while those to the United Kingdom (-3.8 percent), the USA (-0.7 percent) and Germany (-0.4 percent) dropped.

Imports declined by 4.6 percent to HKD 354.9 billion from HKD 372.0 billion in December last year, driven by lower purchases from Switzerland (-17.9 percent), Japan (-13.1 percent), the USA (-11.8 percent), India (-11.7 percent), Taiwan (-9.5 percent), South Korea (-7.2 percent) and China (-1.0 percent).

Considering full 2015, decreases were registered in sales to some major destinations, in particular Taiwan (-18.0 percent), Korea (-12.8 percent), Japan (-6.6 percent), Germany (-3.2 percent), Singapore (-2.3 percent) and China (-2.1 percent) while increases were recorded for Vietnam (+14.7 percent), India (+8.1 percent) and the United Kingdom (+0.8 percent). Among products sales fell for office machines and automatic data processing machines (-5.2 percent); articles of apparel and clothing accessories (-10.2 percent) and miscellaneous manufactured articles mainly jewellery, goldsmiths' and silversmiths' wares (-5.7 percent). However, an increase was registered in shipments of electrical machinery, apparatus and appliances, and electrical parts thereof (+3.5 percent).

 Imports from all major suppliers fell, in particular from Switzerland (-22.1 percent), India (-13.7 percent), Japan (-9.9 percent), Taiwan (-8.6 percent) and Malaysia (-7.9 percent) and China (-0.1 percent). Purchases decreased mostly for miscellaneous manufactured articles mainly jewellery, goldsmiths' and silversmiths' wares (-11.0 percent); petroleum products and related materials (-29.1 percent) and office machines and automatic data processing machines (-7.2 percent). However, a year-on-year increase was registered in imports of telecommunications and sound recording and reproducing apparatus and equipment (+7.4 percent).

Census and Statistics Department | Mojdeh Kazemi | mojdeh@tradingeconomics.com
1/26/2016 10:29:45 AM

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -45706.00 -33093.00 7228.00 -59250.00 HKD Million [+]
Exports 309179.00 315304.00 331986.00 172.00 HKD Million [+]
Imports 354885.00 348397.00 382355.00 230.00 HKD Million [+]
Current Account 48444.00 2000.00 92020.00 -20579.00 HKD Million [+]
Current Account to GDP 1.90 1.50 13.70 -6.30 percent [+]
Terms of Trade 101.00 101.00 108.50 99.00 Index Points [+]
Capital Flows -19769.00 -28538.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 2092228.00 1954300.00 2274375.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
Foreign Direct Investment 11602.90 10482.90 11602.90 3319.70 HKD Billion [+]
External Debt 10267199.00 10436694.00 10436694.00 2707907.00 HKD Million [+]




Last
Afghanistan -8209.00 Dec/14
Albania -35120.80 Dec/15
Algeria -1270.00 Sep/15
Angola 1424.72 Mar/15
Argentina 254.00 Oct/15
Armenia -194.00 Dec/15
Aruba -491.66 Sep/15
Australia -3535.00 Dec/15
Austria 457.10 Nov/15
Azerbaijan 1544479.00 Sep/15
Bahamas -515.40 Sep/15
Bahrain 3441.00 Dec/14
Bangladesh -74.86 Nov/15
Barbados -212322.22 Jun/15
Belarus -621.50 Nov/15
Belgium 1956.90 Nov/15
Belize -159.67 Dec/15
Benin -167.71 Jun/15
Bhutan -26021.60 Dec/15
Bolivia -72.90 Sep/15
Bosnia and Herzegovina -401.08 Dec/15
Botswana -1998.20 Nov/15
Brazil 923.00 Jan/16
Brunei 308.00 Nov/15
Bulgaria -479.70 Nov/15
Burkina Faso -49.00 Sep/14
Burundi -61284.10 Sep/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -584.90 Dec/15
Cape Verde -5001.90 Nov/15
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 685.00 Jan/16
China 600.93 Dec/15
Colombia -1.69 Nov/15
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -478.00 Dec/15
Croatia -3846.50 Dec/15
Cuba -7926.60 Dec/14
Cyprus -318952.00 Dec/15
Czech Republic 17000.00 Dec/15
Denmark 1927.30 Dec/15
Djibouti -119840.00 Dec/14
Dominican Republic -644.90 Sep/15
East Timor -95227.12 Nov/15
Ecuador -206000.00 Nov/15
Egypt -3397.00 Nov/15
El Salvador -431.10 Dec/15
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -160.52 Dec/15
Ethiopia -3413.10 Jun/15
Euro Area 23618.10 Nov/15
European Union 5862.70 Nov/15
Fiji -181343.00 Oct/15
Finland -340.00 Dec/15
France -3943.00 Dec/15
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -665.00 Dec/15
Germany 18800.00 Dec/15
Ghana -1226.00 Sep/15
Greece -1563.50 Dec/15
Guatemala -698.80 Oct/15
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -100.20 Jun/15
Haiti -160.26 Jul/15
Honduras -520.50 Sep/15
Hong Kong -45706.00 Dec/15
Hungary 201400.00 Dec/15
Iceland -1200.00 Jan/16
India -11664.00 Dec/15
Indonesia -230.00 Dec/15
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3378800.00 Nov/15
Israel -991.30 Dec/15
Italy 4409.43 Nov/15
Ivory Coast 757.00 Dec/13
Jamaica -832000.00 Jun/15
Japan 140.20 Dec/15
Jordan -756171.10 Nov/15
Kazakhstan 1198.40 Nov/15
Kenya -114283.00 Nov/15
Kosovo -230094.00 Dec/15
Kuwait 1836.10 Sep/15
Kyrgyzstan -237.90 Nov/15
Laos -488.34 Sep/15
Latvia -155.50 Dec/15
Lebanon -1604.94 Dec/15
Lesotho -2384.00 Sep/15
Liberia -88.50 Sep/15
Libya -17675.60 Dec/14
Liechtenstein 315120.00 Sep/15
Lithuania -210.50 Dec/15
Luxembourg -0.38 Nov/15
Macau -6083788.93 Dec/15
Macedonia -228611.00 Dec/15
Madagascar -204525.00 Sep/15
Malawi -57415.30 Mar/15
Malaysia 7990.00 Dec/15
Maldives -137.10 Nov/15
Mali -100.60 Mar/15
Malta -149486.00 Dec/15
Mauritania -268.39 Sep/15
Mauritius -7798.00 Nov/15
Mexico -927.00 Dec/15
Moldova -189.10 Dec/15
Monaco -86.40 Sep/15
Mongolia 18.00 Nov/15
Montenegro -124400.00 Dec/15
Morocco -9053.00 Sep/15
Mozambique -1274.70 Sep/15
Myanmar -942.70 Jan/16
Namibia -9830.66 Sep/15
Nepal -76499.00 Jun/15
Netherlands 4168.00 Nov/15
New Caledonia -11456.00 Dec/15
New Zealand -52.62 Dec/15
Nicaragua -223.60 Sep/15
Niger -441985.00 Sep/15
Nigeria 197187.70 Sep/15
North Korea -695.83 Dec/14
Norway 18114.00 Dec/15
Oman 284.70 Jul/15
Pakistan -215151.00 Dec/15
Palestine -335.30 Nov/15
Panama -912393.10 Nov/15
Papua New Guinea 4191.00 Sep/15
Paraguay -4863.84 Jan/16
Peru 210.00 Dec/16
Philippines -976870.00 Nov/15
Poland 756.00 Nov/15
Portugal -695.28 Nov/15
Puerto Rico 2916.00 Sep/16
Qatar 10923.00 Nov/15
Republic of the Congo 4092.35 Dec/10
Romania -1174.90 Dec/15
Russia 9114.00 Nov/15
Rwanda -149.04 Nov/15
Sao Tome and Principe -31.85 Sep/15
Saudi Arabia 78966.00 Jun/15
Senegal -170.26 Nov/15
Serbia -541.50 Dec/15
Seychelles -24.77 Nov/15
Sierra Leone -89.75 Mar/15
Singapore 5158.30 Dec/15
Slovakia -16.30 Dec/15
Slovenia -63.90 Dec/15
Somalia -1281.56 Dec/14
South Africa 8221.07 Dec/15
South Korea 5362.41 Jan/16
South Sudan -4987.00 Dec/13
Spain -1850000.00 Nov/15
Sri Lanka -629.70 Nov/15
Sudan -661598.00 Sep/15
Suriname -130.90 Sep/15
Swaziland 1098.48 Mar/15
Sweden 4700.00 Dec/15
Switzerland 2544.00 Dec/15
Syria 9394.50 Dec/10
Taiwan 135991.00 Dec/15
Tajikistan -214.60 Dec/15
Tanzania 207.70 Nov/15
Thailand 1490.00 Dec/15
Togo -68.29 Dec/14
Trinidad and Tobago 460.40 Jun/15
Tunisia -817.00 Dec/15
Turkey -6182.60 Dec/15
Turkmenistan 2431.94 Dec/14
Uganda -216.70 Dec/15
Ukraine -131.50 Nov/15
United Arab Emirates 480600.00 Dec/14
United Kingdom -2709.00 Dec/15
United States -43357.00 Dec/15
Uruguay -138249.00 Dec/15
Uzbekistan 168.00 Mar/15
Venezuela -782.00 Sep/15
Vietnam -200.00 Jan/16
Yemen -2914.30 Dec/13
Zambia 1226.10 Nov/15
Zimbabwe -290.99 Dec/14