Hong Kong Balance of Trade

Hong Kong recorded a trade deficit of 43105 HKD Million in June of 2014. Balance of Trade in Hong Kong averaged -5495.16 HKD Million from 1952 until 2014, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -55290 HKD Million in April of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.


Hong Kong Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-43105.00 -42350.00 7228.00 -55290.00 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.

Hong Kong Trade Deficit Almost Unchanged in June

Hong Kong trade gap increased slightly to HKD 43.1 billion in June of 2014, from HKD 42.4 billion in the previous month. Compared with a year earlier, the trade deficit decreased by 13.2 percent, as exports for the major markets strengthened.

In June of 2014, exports posted an 11.4 percent year-on-year increase, reaching HKD 309.2 billion. Sales increased for electrical and electrical parts products (26.2 percent), machines (13.4 percent) and telecommunications and sound products (5.9 percent). Exports to Asia grew 12.5 percent in June of 2014, in particular to India (+34.1 percent, yoy), Thailand (+16.6 percent), China (+13.9 percent), Vietnam (+13.5 percent) and Malaysia (+11.6 percent). Also, higher exports were registered to the UK (+13.3 percent), the US (+5.7 percent) and Germany (+2.9 percent). Lower deliveries were made to Japan (-2.4 percent).

Imports were recorded at HKD 352.3 billion in June of 2014, increasing 7.6 percent from the previous year. Higher purchases were made for electrical and electrical parts products (19.9 percent), telecommunications and sound products (7.9 percent) and mineral manufactures (18.4 percent). Purchases rose from Taiwan (+25.9 percent), Thailand (+12.5 percent), Singapore (+10.8 percent), the US (+8.3 percent), Korea (+8.2 percent) and China (+7.8 percent).

Comparing the second quarter of 2014 with the preceding period, exports rose by 3.4 percent and imports increased by 1.3 percent.

The trade deficit amounted to HKD 263.2 billion, in the first half of 2014, as both exports and imports increased over the same period in 2013 (2.8 percent and 3.3 percent, respectively). 

Census and Statistics Department | Isabel Felino | isabel.felino@tradingeconomics.com
7/24/2014 10:44:26 AM

Recent Releases

Hong Kong Trade Deficit Narrows in May
Hong Kong trade gap decreased to HKD 42.4 billion in May of 2014 from HKD 44.3 billion a year earlier, as exports grew at a faster pace than imports, driven by higher demand from the Asian countries and the United States. Published on 2014-06-26

Hong Kong Trade Deficit Widens in April
Honk Kong trade gap increased 29.5 percent over a year earlier to HKD 55.3 billion in April of 2014, driven a fall in exports to China and lower demand from the advanced markets, due to the different timing of Easter holidays in 2013 and 2014. Published on 2014-05-27

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-28 09:30 AM Hong Kong
Balance of Trade
Mar 2014 HKD -50.40B HKD -53.67B HKD -42.9B HKD -52.1B
2014-05-27 09:30 AM Hong Kong
Balance of Trade
Apr 2014 HKD -55.3B HKD -50.40B HKD -46.5B HKD -35.5B
2014-06-26 09:30 AM Hong Kong
Balance of Trade
May 2014 HKD -42.35B HKD -55.3B HKD -49.8B HKD -48.2B
2014-07-24 09:30 AM Hong Kong
Balance of Trade
Jun 2014 HKD -43.11B HKD -42.35B HKD -48.5B HKD -47.4B
2014-08-25 09:30 AM Hong Kong
Balance of Trade
Jul 2014 HKD -43.11B HKD -42.7B

Trade Last Previous Highest Lowest Unit
Balance of Trade -43105.00 -42350.00 7228.00 -55290.00 HKD Million [+]
Exports 309211.00 305973.00 325522.00 172.00 HKD Million [+]
Imports 352316.00 348323.00 370104.00 230.00 HKD Million [+]
Current Account -6234.00 16439.00 92020.00 -6817.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 Percent [+]
Terms of Trade 100.50 100.00 108.50 99.00 Index Points [+]
Capital Flows 29922.00 -45288.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1793732.00 1768749.00 2035367.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]

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