Hong Kong Balance of Trade

Last Release

Dec 31, 2024

Actual

-34,497

Units In

HKD Million

-43,383

Frequency

Monthly

Next Release

Feb 25, 2025

Time to Release

27 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
7,228 Jan 2009	-68,533 Jun 2022	-9,839.99 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 narrowed to $34.5 billion in December 2024 from $59.9 billion in the corresponding month of the previous year. Exports increased by 5.2% year-on-year to $406.7 billion, bolstered by higher sales of office, machines and automatic data processing machines (52.1%), power generating machinery and equipment (+10.1%), and electrical machinery, apparatus and appliances, and electrical parts thereof (8.3%). Meanwhile, imports fell by 1.1% year-on-year to $441.2 billion, mainly weighed down by lower purchases of professional, scientific and controlling instruments and apparatus (-23.6%), non-metallic mineral manufactures (-22.7%), and petroleum, petroleum products and related materials (-14.9%). Considering the whole year of 2024, the country’s trade deficit was $379.7 billion, with exports growing by 8.7% and imports rising by 6% compared to the previous year.