The Hong Kong Census and Statistics Department released the latest figures on commodity trade today (27th), showing a trade deficit of HK$10.2 billion in April, compared to a deficit of HK$45 billion in March. In terms of trade data, exports rose by 11.9% year-on-year and 4.7% month-on-month, while imports increased by 3.7% year-on-year and 5.3% month-on-month.
In April, of the total export value of HK$378.7 billion, mainland China accounted for 59.0%, while the United States and India accounted for 7.3% and 2.3% respectively. During the same period, the total import value was HK$388.9 billion, with imports from the mainland accounting for 45.2%, and Taiwan and South Korea accounting for 9.7% and 6.4% respectively.
When categorized by commodity type, the top export items by value were electrical machinery, apparatus and appliances, and parts, accounting for 47.4% of the total share; followed by communication, recording, and audio equipment and apparatus at 11.8%, and office machines and automatic data processing equipment at 11.2%.
With the increase in exports and imports to and from various countries, these figures indicate the dynamics of Hong Kong’s international trade relationships and highlight the significant role played by different sectors in driving the economy forward. The fluctuations in trade balances and the composition of traded goods also reflect the ongoing changes in global market demands and supply chains, shaping the trajectory of Hong Kong’s trade landscape.