Hong Kong Balanza Comercial

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.