Hong Kong Balance of Trade

Last Release

Nov 30, 2024

Actual

-43,383

Units In

HKD Million

-31,006

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

26 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
7,228 Jan 2009	-68,533 Jun 2022	-9,811.81 HKD Million	1952-2024	N/A

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 electrical machinery, apparatus and appliances; telecommunications and sound equipment and automatic data processing machines. The country imports mainly machinery and transport equipment; miscellaneous manufactured articles; manufactured goods and food and live animals. Main trading partner is China (40 percent of total exports and 47 percent of total imports). Others include: Japan, Singapore, Taiwan and the United States.

Latest Updates

Hong Kong's trade deficit widened sharply to $43.4 billion in November 2024 from $27.9 billion in the corresponding month of the previous year. Imports climbed by 5.7% year-on-year to $438.1 billion, mainly driven by higher purchases of office machines and automatic data processing machines (+67.8%) and non-ferrous metals (+40.2%). Meanwhile, exports increased at a softer 2.1% from a year earlier to $394.7 billion, primarily due to higher sales of office machines and automatic data processing machines (+28.1%) and power generating machinery and equipment (+17.4%). However, exports declined sharply for non-metallic mineral manufactures (-34%) and telecommunications and sound recording and reproducing apparatus and equipment (-11.3%). Considering the first eleven months of the year, the country’s trade deficit was $345.1 billion, with exports growing by 9.1% and imports rising by 6.7% compared to the same period a year earlier.