Hong Kong’s trade deficit widened to $34.1 billion in July 2025 from $21.9 billion in the same month last year. Exports rose 14.3% year-on-year to $446.3 billion, driven by strong growth in sales of electrical machinery and equipment (22.8%), and telecommunications and audio equipment (32.0%). Exports to Asia as a whole surged 19.3%, while shipments to non-Asian markets declined, particularly to the US (-7.6%) and the Netherlands (-42.1%). Meanwhile, imports increased 16.5% to $480.4 billion, mainly due to higher purchases of electrical machinery and related parts (21.9%), and telecommunications and audio-visual equipment (49.8%). Imports from most major suppliers recorded strong growth, led by Vietnam (+129.3%), Thailand (+33.1%), Singapore (+28.7%), and the UK (+24.8%). For the first seven months of 2025, the cumulative trade deficit reached $218.6 billion, with exports up 12.7% and imports up 13.2% compared to the same period last year. source: Census and Statistics Department, Hong Kong

Hong Kong recorded a trade deficit of 34120 HKD Million in July of 2025. Balance of Trade in Hong Kong averaged -10004.57 HKD Million from 1952 until 2025, reaching an all time high of 7228.00 HKD Million in January of 2009 and a record low of -68533.00 HKD Million in June of 2022. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Hong Kong recorded a trade deficit of 34120 HKD Million in July of 2025. Balance of Trade in Hong Kong is expected to be -17000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Balance of Trade is projected to trend around -37000.00 HKD Million in 2026 and -31000.00 HKD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-28 08:30 AM
Balance of Trade
Jun H$-58.9B H$-27.3B H$ -29B
2025-08-26 08:30 AM
Balance of Trade
Jul H$-34.1B H$-58.9B H$-26.0B
2025-09-25 08:30 AM
Balance of Trade
Aug H$-34.1B H$-38.0B


Related Last Previous Unit Reference
Balance of Trade -34120.00 -58925.00 HKD Million Jul 2025
Capital Flows 160300.00 133806.00 HKD Million Mar 2025
Current Account 125237.00 95899.00 HKD Million Mar 2025
Current Account to GDP 11.50 7.70 percent of GDP Dec 2024
Exports 446297.00 417818.00 HKD Million Jul 2025
Exports YoY 14.30 11.90 percent Jul 2025
External Debt 14948772.00 14830021.00 HKD Million Mar 2025
Foreign Direct Investment 19732.32 19078.92 HKD Billion Mar 2025
Imports 480417.00 476744.00 HKD Million Jul 2025
Imports YoY 16.50 11.10 percent Jul 2025
Terms of Trade 100.60 101.00 points Jun 2025
Tourist Arrivals 3480979.00 4078938.00 Jun 2025

Hong Kong Balance of Trade
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 electrical machinery, apparatus and appliances; telecommunications and sound equipment and automatic data processing machines. The country imports mainly machinery and transport equipment; miscellaneous manufactured articles; manufactured goods and food and live animals. Main trading partner is China (40 percent of total exports and 47 percent of total imports). Others include: Japan, Singapore, Taiwan and the United States.
Actual Previous Highest Lowest Dates Unit Frequency
-34120.00 -58925.00 7228.00 -68533.00 1952 - 2025 HKD Million Monthly

News Stream
Hong Kong Trade Deficit Widens in July
Hong Kong’s trade deficit widened to $34.1 billion in July 2025 from $21.9 billion in the same month last year. Exports rose 14.3% year-on-year to $446.3 billion, driven by strong growth in sales of electrical machinery and equipment (22.8%), and telecommunications and audio equipment (32.0%). Exports to Asia as a whole surged 19.3%, while shipments to non-Asian markets declined, particularly to the US (-7.6%) and the Netherlands (-42.1%). Meanwhile, imports increased 16.5% to $480.4 billion, mainly due to higher purchases of electrical machinery and related parts (21.9%), and telecommunications and audio-visual equipment (49.8%). Imports from most major suppliers recorded strong growth, led by Vietnam (+129.3%), Thailand (+33.1%), Singapore (+28.7%), and the UK (+24.8%). For the first seven months of 2025, the cumulative trade deficit reached $218.6 billion, with exports up 12.7% and imports up 13.2% compared to the same period last year.
2025-08-26
Hong Kong Trade Deficit Widens in June
Hong Kong’s trade deficit widened to $58.9 billion in June 2025 from $55.7 billion in the same month last year. Exports rose 11.9% year-on-year to $417.8 billion, driven by strong growth in sales of electrical machinery, apparatus and appliances, and electrical parts thereof (20.2%), as well as office machines and automatic data processing machines (10.4%). Exports to Asia as a whole surged 17.2%, while shipments to non-Asian markets declined, particularly to the US (-12.1%) and the Netherlands (-35.5%). Meanwhile, imports increased 11.1% to $476.7 billion, mainly due to higher purchases of electrical machinery and related parts (14.6%), and telecommunications and audio-visual equipment (17.7%). Imports from most major suppliers recorded strong growth, led by Vietnam (+50.6%), the United Kingdom (+44.7%), and the US (+3.9%). For the first half of 2025, the cumulative trade deficit reached $183.6 billion, with exports up 12.5% and imports up 12.6% compared to the same period last year.
2025-07-28
Hong Kong Trade Deficit Widens in May
Hong Kong’s trade deficit widened to $27.3 billion in May 2025 from $12.1 billion in the same month of the previous year. Exports rose 15.5% year-on-year to $434.1 billion, driven by strong growth in sales of electrical machinery, apparatus and appliances, and electrical parts thereof (15.5%), as well as office machines and automatic data processing machines (44.9%). Exports to Asia as a whole surged 21.8%, while shipments to regions outside Asia declined, particularly to the US (-18.4%) and the United Kingdom (-52.0%). Meanwhile, imports jumped 18.9% to $461.4 billion, mainly due to higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (23.7%), and office machines and automatic data processing machines (69.4%). For the first five months of 2025, the cumulative trade deficit reached $124.7 billion, with exports rising 12.6% and imports climbing 12.9% compared to the same period last year.
2025-06-26