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

Hong Kong's trade deficit decreased by 10.1 percent to HKD 42.3 billion in March 2017 from HKD 47.0 billion in the same month of the previous year, as exports went up 16.9 percent and imports rose at a slower 13 percent. Considering the first three months of 2017, the trade deficit widened to HKD 110.9 billion from HKD 97.7 billion in the same period of the previous year. Balance of Trade in Hong Kong averaged -6826.05 HKD Million from 1952 until 2017, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59253 HKD Million in December of 2014.

Hong Kong Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-27 08:30 AM Jan H$-12.3B H$-45.5B H$-12B
2017-03-27 08:30 AM Feb H$-56.3B H$-12.3B H$-30B
2017-04-25 08:30 AM Mar H$-42.3B H$-56.3B H$-47B
2017-05-25 08:30 AM Apr H$-42.3B
2017-06-26 08:30 AM May
2017-07-27 08:30 AM Jun




Hong Kong Trade Deficit Narrows In March


Hong Kong's trade deficit decreased by 10.1 percent to HKD 42.3 billion in March 2017 from HKD 47.0 billion in the same month of the previous year, as exports went up 16.9 percent and imports rose at a slower 13 percent.

Year-on-year, exports increased by 16.9 percent to HKD 321.9 billion in March 2017, after an increase of 18.2 percent in the previous month. Exports to Asia as a whole went up by 19 percent, mainly to India (77.3 percent); Taiwan (37.1 percent); Vietnam (17.6 percent); the Phillippines (17.4 percent);  China (16 percent), and Japan (13.9 percent).
 
Apart from destinations in Asia, increases were also registered in the values of total exports to some major destinations in other region in particular Germany (17.7 percent); the US (8.9 percent), and the UK (3.2 percent).

By commodity, exports increased for: electrical machinery, apparatus and appliances, and electrical parts thereof (23.5 percent); telecommunications and sound recording and reproducing apparatus and equipment (15.4 percent), and non-metallic mineral manufactures (26.4 percent). 
 
Imports rose by 13 percent to HKD 364.2 billion in March 2017, after an increase of 25.4 percent in the preceding month. Increases were recorded from South Korea (53.9 percent); India (38.0 percent); the Philippines (32.8 percent); Taiwan (23.3 percent); China (12.1 percent); and Thailand (10.2 percent).
 
By commodity, imports surged for: electrical machinery apparatus and appliances, and electrical parts thereof (22.5 percent); telecommunications and sound recording and reproducing apparatus and equipment (10.0 percent); and miscellaneous manufactured articles mainly jewellery, goldsmiths an silversmiths' wares (16 percent).
 
Considering the first three months of 2017, the trade deficit widened to HKD 110.9 billion from HKD 97.7 billion in the same period of the previous year. Exports went up 10.3 percent and imports grew 10.7 percent.

"Merchandise exports sustained strong growth in March, amid an improving global economy. Exports to the major advanced economies improved visibly, and those to the Mainland and many other Asian economies stayed robust. Looking ahead, the gradually strengthening global economic conditions should continue to render support to Hong Kong's export performance in the near term. However, the outlook is still subject to uncertainties, including those related to the US interest rate normalisation, Brexit and other political developments in Europe, possible rise of protectionist sentiment and heightened geopolitical tensions in various regions", a government spokesman noted.

Census ans Statistics Department of Hong Kong l Chusnul Ch Manan | chusnul@tradingeconomics.com
4/25/2017 10:41:16 AM



Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -42268.00 -56271.00 7228.00 -59253.00 HKD Million [+]
Exports 321895.00 241707.00 340935.00 172.00 HKD Million [+]
Imports 364163.00 297978.00 385817.00 230.00 HKD Million [+]
Current Account 34834.00 45738.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.50 3.30 13.70 -6.30 percent [+]
Terms of Trade 100.00 101.10 108.50 99.00 Index Points [+]
Capital Flows -66102.00 -75890.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 4181417.00 5475176.00 6009577.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 10313247.00 10375352.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-42268.00 -56271.00 7228.00 -59253.00 1952 - 2017 HKD Million Monthly



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Australia 3574.00 Feb/17
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Brazil 7145.00 Mar/17
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Chad 1166.10 Dec/11
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China 239.20 Mar/17
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Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
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Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
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Euro Area 17800.00 Feb/17
European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
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Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -42268.00 Mar/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -702.90 Feb/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -4279600.00 Feb/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico 684.00 Feb/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -365.80 Feb/17
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Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
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South Africa 5216.14 Feb/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden 0.00 Feb/17
Switzerland 3105.00 Feb/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
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Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -3690.00 Feb/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
United Kingdom -3663.00 Feb/17
United States -43557.00 Feb/17
Uruguay -63419.00 Feb/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -1100.00 Mar/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -197.50 Dec/16