1. Overview the trade of HONG KONG in goods current year until 202001
According to Dalian Infobank, in 202001, HONG KONG's exports and imports of goods amounted to 77227.0076 million, and were down 18.55% comparing with the same period of last year. Among these, exports were down 22.86% at 36672.2986 million, and imports were down 14.22% at 40554.7091 million. And the corresponding trade deficit was 3882.4105 million and down 1577.65%.
During the current year until 202001, HONG KONG's total exports and imports of goods were 77227.0076 million and were down 18.55% comparing to the same period of last year. Among these, exports were 36672.2986 million and down 22.86%; imports were 40554.7091 million and down 14.22%. The total trade deficit was 3882.4105 million and down 1577.65%.
If considering by country (region), CHINA, TAIWAN, UNITED STATES, JAPAN, SOUTH KOREA were HONG KONG's top five trading partners. During the current year until 202001, HONG KONG's imports and exports to five countries/territories were 36432.7933 million, 5284.2682 million, 3964.9970 million, 3285.8153 million, 3041.2311 million. These values correspond to 47.18%, 6.84%, 5.13%, 4.25%, 3.94% of HONG KONG's imports and exports, and, respectively, were down 23.37%, up 0.63%, down 29.95%, down 17.57%, up 1.93% comparing to the same period of last year.
Current year until 202001, HONG KONG and the top five trade partners CHINA, UNITED STATES, JAPAN, INDIA, SINGAPORE are the top five countries/territories that HONG KONG exports to in terms of the total export amount. During the current year until 202001, HONG KONG's exports to these five countries/territories were 19309.9265 million, 2442.6074 million, 1126.1627 million, 1102.6303 million, 926.4066 million. These values correspond to 52.66%, 6.66%, 3.07%, 3.01%, 2.53% of HONG KONG's exports and, respectively, were down 23.37%, down 32.38%, down 27.59%, down 15.74%, down 7.28% comparing with the same period of last year.
Current year until 202001, HONG KONG's exports to top five countries/territories CHINA, TAIWAN, SOUTH KOREA, JAPAN, UNITED STATES are the top five countries/territories that HONG KONG imports from in terms of the total export amount. During the current year until 202001, HONG KONG's imports from these five countries/territories were 17122.8669 million, 4458.1954 million, 2486.1413 million, 2159.6526 million, 1522.3896 million. These values correspond to 42.22%, 10.99%, 6.13%, 5.33%, 3.75% of HONG KONG's total imports and, respectively, were down 23.36%, up 5.87%, up 7.62%, down 11.16%, down 25.68% comparing with the same period of last year.
During the current year until 202001, the trade surplus of HONG KONG was mainly from CHINA, UNITED STATES, MACAO, INDIA, NETHERLANDS at 2187.0596 million, 920.2178 million, 503.8602 million, 434.1158 million, 433.8084 million, and down 23.43%, down 41.15%, down 32.76%, up 39.67%, down 24.79%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, MALAYSIA, JAPAN, SWITZERLAND at 3632.1226 million, 1931.0516 million, 1113.1006 million, 1033.4898 million, 770.0882 million, and up 14.54%, up 18.01%, down 15.66%, up 18.02%, up 876.95%.
Current year until 202001, HONG KONG's trade surplus or deficit with top five countries/territories During the current year until 202001, commodities with hs2 codes, 85, 84, 71, 90, 08, were HONG KONG's top five traded commodities. They correspond to the import and export values of 42457.7179 million, 9293.2300 million, 7956.5863 million, 2385.0784 million, 1377.1076 million, which were down 13.04%, down 20.86%, down 17.98%, down 21.58%, down 12.05% comparing with the same period of last year and account for 54.98%, 12.03%, 10.30%, 3.09%, 1.78% of HONG KONG's total imports and exports.
During the current year until 202001, 85, 84, 71, 90, 08 were HONG KONG's top five traded commodities, with total import and export values of 20756.6407 million, 4786.5074 million, 3730.5257 million, 1223.1014 million, 556.4167 million. These values correspond to 56.60%, 13.05%, 10.17%, 3.34%, 1.52% of HONG KONG's total exports and, respectively, were down 17.77%, down 22.81%, down 29.80%, down 22.70%, down 21.15% comparing to the same period of last year.
During the current year until 202001, 85, 84, 71, 90, 27 were HONG KONG's top five traded commodities, with total import values of 21701.0772 million, 4506.7226 million, 4226.0606 million, 1161.9770 million, 1113.9275 million. These values correspond to 53.51%, 11.11%, 10.42%, 2.87%, 2.75% of HONG KONG's total exports and, respectively, were down 7.99%, down 18.68%, down 3.66%, down 20.36%, up 2.59% comparing to the same period of last year.
2. Current year until 202001, HONG KONG binational trade profile
According to Dalian Infobank, during the current year until 202001, HONG KONG-China binational exports and imports of goods amounted to 36432.7933 million and were down 23.37% comparing with the same period of last year. Among these, exports from HONG KONG to China were 19309.9265 million and down 23.37%, imports from China to HONG KONG were 17122.8669 million and down 23.36%. The total binational trade surplus was 2187.0596 million and down 23.43%.
During the urrent year until 202001, commodities with hs2 code, 85, 84, 71, 90, 27, were binational trade's top five traded commodities. They correspond to import and export values of 23333.7543 million, 4515.5365 million, 1356.2180 million, 1322.5937 million, 649.8354 million and makes up 64.05%, 12.39%, 3.72%, 3.63%, 1.78% of the total binational imports and exports. These values were also down 16.21%, down 31.06%, down 51.00%, down 23.33%, down 4.97% comparing to the same period last year.
During the current year until 202001, 85, 84, 71, 90, 08 were the top five traded commodities exported to China from HONG KONG, with export values of 12773.2682 million, 2429.9099 million, 945.1274 million, 666.3918 million, 545.4730 million. These values account for 66.15%, 12.58%, 4.89%, 3.45%, 2.82% of HONG KONG's total exports and were down 16.73%, down 25.86%, down 55.97%, down 21.81%, down 13.91% comparing to the same period of last year.
During the current year until 202001, 85, 84, 90, 27, 71 were HONG KONG's top five traded commodities importing from China , with import values of 10560.4860 million, 2085.6267 million, 656.2018 million, 631.8436 million, 411.0906 million. These values account for 61.67%, 12.18%, 3.83%, 3.69%, 2.40% of HONG KONG's total imports and were down 15.58%, down 36.27%, down 24.81%, down 5.26%, down 33.86% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Hong Kong Census & Statistics Department