Hong Kong Balanza Comercial

Hong Kong’s trade deficit widened to $58.9 billion in June 2025 from $55.7 billion in the same month last year. Exports rose 11.9% year-on-year to $417.8 billion, driven by strong growth in sales of electrical machinery, apparatus and appliances, and electrical parts thereof (20.2%), as well as office machines and automatic data processing machines (10.4%). Exports to Asia as a whole surged 17.2%, while shipments to non-Asian markets declined, particularly to the US (-12.1%) and the Netherlands (-35.5%). Meanwhile, imports increased 11.1% to $476.7 billion, mainly due to higher purchases of electrical machinery and related parts (14.6%), and telecommunications and audio-visual equipment (17.7%). Imports from most major suppliers recorded strong growth, led by Vietnam (+50.6%), the United Kingdom (+44.7%), and the US (+3.9%). For the first half of 2025, the cumulative trade deficit reached $183.6 billion, with exports up 12.5% and imports up 12.6% compared to the same period last year.