Hong Kong Balança Comercial

Hong Kong’s trade deficit widened sharply to USD 63.25 billion in December 2025, from USD 34.5 billion in the same month a year earlier, marking the largest trade gap since September 2023. Imports surged 30.6% year-on-year to an all-time high of USD 576.05 billion, mainly driven by higher purchases of electrical machinery, apparatus, and appliances, and electrical parts (27.9%), and telecommunications and sound recording and reproducing equipment (59.6%). Imports rose the most from China (33.9%), Taiwan (30.8%), and Singapore (17.2%). Meanwhile, exports increased 26.1% year-on-year to a record peak of USD 512.8 billion, supported by higher shipments of electrical machinery and parts (30.7%) and telecommunications and sound recording equipment (46.8%). Exports recorded the largest gains to China (24.9%), the US (47.5%), and Vietnam (29.4%). For the full year of 2025, Hong Kong’s trade deficit reached USD 446.6 billion, with exports rising 15.4% and imports increasing 15.5%.