Hong Kong Balance of Trade  1952-2017 | Data | Chart | Calendar | Forecast

Hong Kong's trade deficit decreased by 4.6 percent to HKD 45.50 billion in December 2016 from HKD 45.71 billion the same month of the previous year as exports increased by 10.1 percent to HKD 340.34 billion while imports rose by 8.7 percent to HKD 385.82 billion. It was the largest deficit since June. Considering January to December of 2016, the trade deficit was recorded at HKD 420.1 billion, with exports declining by 0.5 percent and imports decreasing at a faster pace 0.9 percent compared to the same period in 2015 Balance of Trade in Hong Kong averaged -6625.18 HKD Million from 1952 until 2016, reaching an all time high of 7228.00 HKD Million in January of 2009 and a record low of -59253.00 HKD Million in December of 2014.

Hong Kong Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-24 08:30 AM Oct H$ -37.2B H$ -39.7B H$-34.1B
2016-12-29 08:30 AM Nov H$ -34.05B H$ -37.2B
2017-01-26 08:30 AM Dec H$-45.5 H$-34.05B H$-42.05B
2017-02-27 08:30 AM Jan H$-45.5B H$-12B
2017-03-27 08:30 AM Feb
2017-04-25 08:30 AM Mar




Hong Kong Trade Deficit Narrows in December


Hong Kong's trade deficit decreased by 4.6 percent to HKD 45.50 billion in December 2016 from HKD 45.71 billion the same month of the previous year as exports increased by 10.1 percent to HKD 340.34 billion while imports rose by 8.7 percent to HKD 385.82 billion. It was the largest deficit since June.

Year-on-year, exports increased by 10.1 percent to HKD 340.34 billion in December of 2016, after inccrease of 8.1 percent in November 2016. Exports to Asia as a whole grew by 13.8 percent, mainly to Taiwan (38.5 percent), India (9.6 percent), Singapore (18.4 percent), Thailand (12.9 percent), Vietnam (14.1 percent), Korea (22.6 percent), and China (14 percent). Lower sales were recorded to the United Kingdom (-2 percent), the USA (-9.4 percent), and Germany (-4.1 percent).
 
By commodity, exports went up for: electrical machinery, apparatus and appliances, and electrical parts thereof (19.9 percent), telecommunications and sound recording and reproducing apparatus and equipment (11.2 percent), and office machines and automatic data processing machines (6.8 percent). A decline in exports was registered for articles of apparel and clothing accessories (-17.8 percent). 
 
Year-on-year, imports rose by 8.7 percent to HKD 385.8 billion, after an increase of 7.6 percent in the preceding month. Rises were registered in imports from some major suppliers, in particular Korea (67.7 percent), India (27.8 percent), Singapore (25 percent), Philipinnes (24.9 percent), Taiwan (19 percent), Japan (11 percent),  and China (2.1 percent).
 
By commodity, imports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (17.8 percent); telecommunications and sound recording and reproducing apparatus and equipment (8.9 percent), and non-metalic mineral manufactures (8.8 percent). However, a decrease was registrered in the value of imports of articles of apparel and clothing accesories (-15.6 percent).
 
For January to December of 2016 as whole, there was a trade deficit of HKD 420.1 billion. Exports went down by 0.5 percent compared to the same period in 2015, in particular to Vietnam (-5.8 percent), Japan (-4.9 percent), the USA (-5.3 percent), and Germany (-5.1 percent). Imports fell 0.9 percent. 

Census and Statistics Department of Hong Kong lChusnul Ch Manan| chusnul@tradingeconomics.com
1/26/2017 11:54:02 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -45477.00 -34053.00 7228.00 -59253.00 HKD Million [+]
Exports 340340.00 340935.00 340935.00 172.00 HKD Million [+]
Imports 385817.00 374987.00 385817.00 230.00 HKD Million [+]
Current Account 45561.00 14829.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 100.50 100.80 108.50 99.00 Index Points [+]
Capital Flows -75890.00 8918.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 5336027.00 4646938.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10375352.00 9928749.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]



Hong Kong Balance of Trade Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-45477.00 -34053.00 7228.00 -59253.00 1952 - 2016 HKD Million Monthly



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Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
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Belgium 1837.10 Dec/16
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Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
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Bulgaria -408.10 Dec/16
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Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
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Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2392.00 Nov/16
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Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
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Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -79843.00 Nov/16
Kosovo -247031.00 Dec/16
Kuwait 1385.00 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 1150.00 Jan/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16