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

Hong Kong's trade deficit rose by 25.5 percent to HKD 37.2 billion in October 2016 from HKD 29.7 billion the same month of the previous year, as exports fell by 1.8 percent while imports rose by 0.5 percent. Considering the first ten months of the year, the trade deficit was recorded at $341 billion, with exports declining by 2.5 percent and imports decreasing at a faster 2.9 percent over 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)
2016-09-27 08:30 AM Aug H$ -32B H$ -33.3B H$ -34B
2016-10-27 08:30 AM Sep H$ -39.7B H$ -32B H$-38.7B
2016-11-24 08:30 AM Oct H$ -37.2B H$ -39.7B H$-34.1B
2016-12-29 08:30 AM Nov H$ -37.2B -35.6B
2017-01-26 08:30 AM Dec
2017-02-25 08:30 AM Jan




Hong Kong Trade Deficit Widens in October as Exports Fall


Hong Kong's trade deficit rose by 25.5 percent to HKD 37.2 billion in October 2016 from HKD 29.7 billion the same month of the previous year, as exports fell by 1.8 percent while imports rose by 0.5 percent. Considering the first ten months of the year, the trade deficit was recorded at $341 billion, with exports declining by 2.5 percent and imports decreasing at a faster 2.9 percent over the same period in 2015.

Exports of goods decreased by 1.8 percent over a year earlier to HKD 313.7 billion, after an increase of 3.6 percent in September 2016. Exports to Asia as a whole went down by 0.9 percent, mainly to Thailand (-12.7 percent), Japan (-11 percent), Vietnam (-7 percent), India (-3.8 percent) and Korea (-3.4 percent). On the other hand, sales rose to Taiwan (+18.2 percent) and Singapore (+3.9 percent). Total exports to China remained virtually unchanged. Apart from destinations in Asia, decreases were also registered to Germany (-15.3 percent) and the United Kingdom (-13.5 percent). Concurrently, an increase was registered in the value of total exports to the US (+0.3 percent).

By commodity, exports declined for: Telecommunications and sound recording and reproducing apparatus and equipment (-11 percent); non-metallic mineral manufactures (-16.1 percent); and miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (-12 percent). However, an increase was registered in electrical machinery, apparatus and appliances, and electrical parts thereof (+12.5 percent).

Imports of goods increased by 0.5 percent to HKD 350.9 billion, after a year-on-year increase of 4.1 percent the previous month. Increases were registered in the values of imports from some major suppliers, in particular Korea (+39.7 percent), India (+38.2 percent), the US (+11.7 percent), the Philippines (+10.4 percent) and Singapore (+9.9 percent). Concurrently, decreases were registered in the values of imports from China (-8 percent) and Japan (-6.7 percent).

By commodity, imports went up for: Electrical machinery, apparatus and appliances, and electrical parts thereof (+9.8 percent); and non-metallic mineral manufactures (+17.2 percent). However, decreases were registered in the values of imports of telecommunications and sound recording and reproducing apparatus and equipment (-9.3 percent); and miscellaneous manufactured articles, mainly jewellery, goldsmiths' and silversmiths' wares (-13.1 percent).

For the first ten months of 2016 as a whole, there was a trade deficit of HKD 341 billion. Exports dropped by 2.5 percent over the same period in 2015, in particular to Vietnam (-8 percent), Japan (-6.1 percent), Germany (-5.1 percent), the US (-4.9 percent), Korea (-3.6 percent) and China (-2.3 percent); and imports decreased by 2.9 percent, as purchases decreased to Japan (-8.5 percent), the US (-4.9 percent), Malaysia (-4.7 percent) and the Mainland (-4.6 percent).

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/24/2016 10:21:17 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -37223.00 -39705.00 7228.00 -59253.00 HKD Million [+]
Exports 313726.00 328019.00 331986.00 172.00 HKD Million [+]
Imports 350949.00 367724.00 382355.00 230.00 HKD Million [+]
Current Account 14937.00 16160.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 100.20 99.90 108.50 99.00 Index Points [+]
Capital Flows 8918.00 10251.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 2144636.00 1856397.00 2274375.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9928749.00 9806748.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-37223.00 -39705.00 7228.00 -59253.00 1952 - 2016 HKD Million Monthly



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Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
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Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -156.20 Oct/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -177613.00 Oct/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9756.67 Oct/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -273000.00 Oct/16
Mauritania -79.64 Mar/16
Mauritius -6179.00 Sep/16
Mexico -900.00 Oct/16
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Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -310239.00 Nov/17
Peru 274.70 Oct/16
Philippines -2163034.12 Oct/16
Poland -200.00 Sep/16
Portugal -870.35 Oct/16
Puerto Rico 747.70 Aug/16
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Republic of the Congo 4092.35 Dec/10
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Russia 7383.00 Sep/16
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Switzerland 2678.34 Oct/16
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Thailand 250.00 Oct/16
Togo -74.03 Jun/16
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Turkey -4160.00 Oct/16
Turkmenistan 2181.97 Dec/15
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Ukraine -295.00 Sep/16
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Uzbekistan 455.00 Dec/15
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Vietnam -400.00 Nov/16
Yemen -2914.30 Dec/13
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Zimbabwe -241.27 Aug/16