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

Hong Kong trade deficit narrowed 21 percent to HKD 31 million in April of 2016, compared to HKD 39.1 million gap a year earlier and below market consensus of HKD 38.6 million. Exports and imports fell at a slower-than-expected 2.3 percent and 4.5 percent respectively, as trade with EU and some Asian markets showed more discernible improvements. Balance of Trade in Hong Kong averaged -6399.27 HKD Million from 1952 until 2016, reaching an all time high of 7228 HKD Million in January of 2009 and a record low of -59250 HKD Million in December of 2014. Balance of Trade in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-31027.00 -47028.00 7228.00 -59250.00 1952 - 2016 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 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-29 08:30 AM Feb H$-33.15B H$-17.48B H$-30.7B H$ -27.6B
2016-04-26 08:30 AM Mar H$-47.03B H$-33.15B H$-13B
2016-05-26 08:30 AM Apr H$-31B H$-47.03B H$-38.6B H$-46.7B
2016-06-27 08:30 AM May H$-31B H$-34.2B
2016-07-26 08:30 AM Jun -39.4B
2016-08-25 08:30 AM Jul -34B

Hong Kong Trade Gap Below Expectations in April


Hong Kong trade deficit narrowed 21 percent to HKD 31 million in April of 2016, compared to HKD 39.1 million gap a year earlier and below market consensus of HKD 38.6 million. Exports and imports fell at a slower-than-expected 2.3 percent and 4.5 percent respectively, as trade with EU and some Asian markets showed more discernible improvements.

Exports fell 2.3 percent from a year earlier to HKD 285.3 billion, after 7.0 percent drop in the previous month, due to lower sales of office machines and automatic data processing machines (-12 percent), telecommunications and sound recording and reproducing apparatus and equipment (-4.8 percent) and miscellaneous manufactured articles (-8.1 percent) while electrical machinery, apparatus and appliances, and electrical parts thereof increased (+4.2 percent). Sales to Thailand (-7 percent), Malaysia (-21.6 percent), China (-4.8 percent), Philippines (-2.7 percent), Japan (-6.4 percent), the United Kingdom (-2 percent) and the USA (-1.3 percent) decreased while increases were recorded for South Korea (+4.3 percent), India (+22.8 percent), Singapore (+4.3 percent) and Germany (+10 percent).

Imports declined 4.5 percent to HKD 316.3 billion as decreases were recorded in purchases of telecommunications and sound recording and reproducing apparatus and equipment (-6.2 percent), office machines and automatic data processing machines (-12.3 percent) and textile yarn, fabrics, made-up articles and related products (-13.2 percent) while went up for electrical machinery, apparatus and appliances, and electrical parts thereof (+4.5 percent). Imports fell for major suppliers, namely Thailand (-8 percent), Japan (-6 percent), South Korea (-14.8 percent), China (-5.9 percent) and the United States (-4.4 percent)  In contrast, imports were higher from Singapore (+2.4 percent), Malaysia (+1.9 percent) and India (+27.2 percent).

Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/26/2016 10:25:51 AM

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -31027.00 -47028.00 7228.00 -59250.00 HKD Million [+]
Exports 285274.00 275360.00 331986.00 172.00 HKD Million [+]
Imports 316301.00 322388.00 382355.00 230.00 HKD Million [+]
Current Account 17553.00 25818.00 92020.00 -29490.00 HKD Million [+]
Current Account to GDP 3.10 1.30 13.70 -6.30 percent [+]
Terms of Trade 100.70 100.30 108.50 99.00 Index Points [+]
Capital Flows 10251.00 -55646.00 22424.00 -89673.00 HKD Million [+]
Tourist Arrivals 1969983.00 2055743.00 2274375.00 211328.00 [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
External Debt 9806748.00 10104981.00 10436694.00 2707907.00 HKD Million [+]
Foreign Direct Investment 12844.17 11602.90 12844.17 1955.85 HKD Billion [+]




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Brazil 6437.00 May/16
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Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
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Gabon 3711.95 Dec/13
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Germany 25607.00 Apr/16
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India -6272.90 May/16
Indonesia 375.60 May/16
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Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4817945.50 Apr/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
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Mexico -2079.60 Apr/16
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Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
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Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 292.00 Apr/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
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Russia 6750.00 Apr/16
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Saudi Arabia 22467.00 Dec/15
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Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 430.54 Apr/16
South Korea 7100.00 May/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
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Sweden 4400.00 Apr/16
Switzerland 3785.97 May/16
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Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -4207.02 Apr/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
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