Hong Kong's trade deficit narrows as exports reach two-year high

Hong Kong's trade deficit narrowed to $53.2 billion in September 2024, down from $64.6 billion in the same month last year.

Hong Kong's trade deficit narrows as exports reach two-year high

Exports rose by 4.7% year-on-year, reaching a two-year high of $398.1 billion, driven mainly by increased sales of office machines and automatic data processing machines (up 52.8%), power-generating machinery and equipment (up 19.4%), and non-ferrous metals (up 4.2%). In contrast, imports experienced a milder increase of 1.4% year-on-year, totaling over $451.3 billion, also a two-year high. This growth was fueled by higher purchases of office machines and automatic data processing machines (up 65.4%), power-generating machinery and equipment (up 27.8%), and professional, scientific, and controlling instruments and apparatus (up 17.5%).

Trade deficit reaches $270 billion in first nine months as exports rise 10.7%

For the first nine months of the year, the trade deficit amounted to $270 billion, with exports rising by 10.7% and imports increasing by 7.1% compared to last year.