Hong Kong Trade Deficit Swings to Deficit

EthereumCraftsman · 2026-02-27T08:50:18+00:00

In January 2026, Hong Kong experienced a trade deficit of $14.1 billion, a shift from a $2.1 billion surplus the previous year. Imports rose 38.1%, driven by electrical machinery and telecommunications, while exports increased by 33.8%, mainly to Mainland China and the US.

EthereumCraftsman

2026-02-27 08:50:18

Abstract generation in progress

Hong Kong recorded a trade deficit of $14.1 billion in January 2026, swinging from a surplus of $2.1 billion in the same month a year earlier. Imports surged 38.1% year-on-year to $534.7 billion, primarily driven by higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (44.8%), as well as telecommunications and sound recording and reproducing apparatus and equipment (80%). Imports rose the most from Mainland China (46.6%), Taiwan (3.3%), and Singapore (42.8%). Meanwhile, exports soared 33.8% year-on-year to $520.6 billion, largely driven by increased sales of electrical machinery, apparatus and appliances, and electrical parts thereof (39.4%), along with telecommunications and sound recording and reproducing apparatus and equipment (51.9%). Exports recorded the largest gains to Mainland China (40.6%), the US (23.3%), Taiwan (88.8%), and Vietnam (31.0%).

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