Hong Kong Balance of Trade 1952-2014 | Data | Chart | Calendar | Forecast

Hong Kong recorded a trade deficit of 42133 HKD Million in July of 2014. Balance of Trade in Hong Kong averaged -5493.87 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.

   
 
 
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Hong Kong Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-42132.00 -43105.00 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. Content for - Hong Kong Balance of Trade - was last refreshed on Monday, September 1, 2014.


Hong Kong Trade Deficit Widens in July


Hong Kong trade deficit increased to HKD 42.1 billion in July of 2014 from a HKD 37.1 billion gap a year earlier. Although exports grew solidly further in July, following a double-digit surge in June, imports increased at a faster pace.

In July of 2014, the value of total exports of goods increased by 6.8 percent over a year earlier to HKD 326.2 billion, after a year-on-year increase of 11.4 percent in June. Within this total, the value of re-exports increased by 6.8 percent to HKD 321.0 billion in July 2014, while the value of domestic exports increased by 7.0 percent to HKD 5.1 billion. 

Year-on-year, exports to Asia as a whole grew by 8.1 percent. In this region, increases were registered in sales to India (+29.7 percent), Thailand (+22.7 percent), Korea (+22.4 percent), Vietnam (+20.4 percent) and Malaysia (+18.2 percent). The value of total exports to China also rose by 6.5 percent. Apart from destinations in Asia, increases were also registered shipments to Germany (+2.4 percent) and the United Kingdom (+0.3 percent). Concurrently, a decrease was registered in the value of total exports to the USA (-1.7 percent).

Increases were registered in exports of most principal commodity divisions, in particular electrical machinery, apparatus and appliances, and electrical parts thereof (13.7 percent), telecommunications and sound recording and reproducing apparatus and equipment (9.0 percent) and non-metallic mineral manufactures (15.9 percent).

The value of imports of goods increased by 7.5 percent over a year earlier to HKD 368.3 billion in July 2014, after a year-on-year increase of 7.6 percent in June. Increases were registered in purchases from Singapore (+19.3 percent), India (+19.2 percent), Taiwan (+16.8 percent), Korea (+16.6 percent) and Thailand (+14.5 percent). The value of imports from China also rose by 7.4 percent.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
8/25/2014 9:54:18 AM


Recent Releases

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. Published on 2014-07-24

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -42.13B HKD -43.11B HKD -42.7B
2014-09-25 09:30 AM Hong Kong
Balance of Trade
Aug 2014 HKD -42.13B HKD -39.9B


Trade Last Previous Highest Lowest Unit
Balance of Trade -42132.00 -43105.00 7228.00 -55290.00 HKD Million [+]
Exports 326160.00 309211.00 326160.00 172.00 HKD Million [+]
Imports 368293.00 352316.00 370104.00 230.00 HKD Million [+]
Current Account -4429.00 16439.00 92020.00 -6817.00 HKD Million [+]
Current Account to GDP 2.10 1.60 13.70 -6.30 Percent [+]
Terms of Trade 100.30 100.50 108.50 99.00 Index Points [+]
Capital Flows 29922.00 -45288.00 31399.00 -89673.00 HKD Million [+]
Tourist Arrivals 1939530.00 1793732.00 2035367.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1573.96 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.01 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16808.50 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16405.95 Jun/14 18172.20 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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