1. Overview the trade of HONG KONG in goods current year until 202007
According to Dalian Infobank, in 202007, HONG KONG's exports and imports of goods amounted to 94596.1437 million, and were up 1.57% comparing with the same period of last year. Among these, exports were up 4.58% at 46417.3700 million, and imports were down 1.16% at 48178.7736 million. And the corresponding trade deficit was 1761.4036 million and down 59.58%.
During the current year until 202007, HONG KONG's total exports and imports of goods were 604051.6853 million and were down 4.22% comparing to the same period of last year. Among these, exports were 293432.1405 million and down 2.48%; imports were 310619.5449 million and down 5.80%. The total trade deficit was 17187.4044 million and down 40.41%.
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 202007, HONG KONG's imports and exports to five countries/territories were 287646.2980 million, 45833.5346 million, 36999.4586 million, 27101.4102 million, 25274.1489 million. These values correspond to 47.62%, 7.59%, 6.13%, 4.49%, 4.18% of HONG KONG's imports and exports, and, respectively, were down 6.35%, up 21.07%, down 0.65%, down 4.74%, up 8.50% comparing to the same period of last year.
Current year until 202007, HONG KONG and the top five trade partners CHINA, UNITED STATES, JAPAN, UNITED KINGDOM, TAIWAN are the top five countries/territories that HONG KONG exports to in terms of the total export amount. During the current year until 202007, HONG KONG's exports to these five countries/territories were 160776.5776 million, 24277.3881 million, 8110.8203 million, 7424.3628 million, 7319.3218 million. These values correspond to 54.79%, 8.27%, 2.76%, 2.53%, 2.49% of HONG KONG's exports and, respectively, were down 0.58%, up 6.07%, down 10.96%, up 66.67%, up 11.57% comparing with the same period of last year.
Current year until 202007, HONG KONG's exports to top five countries/territories CHINA, TAIWAN, SOUTH KOREA, JAPAN, MALAYSIA are the top five countries/territories that HONG KONG imports from in terms of the total export amount. During the current year until 202007, HONG KONG's imports from these five countries/territories were 126869.7204 million, 38514.2128 million, 21412.5503 million, 18990.5899 million, 12868.8593 million. These values correspond to 40.84%, 12.40%, 6.89%, 6.11%, 4.14% of HONG KONG's total imports and, respectively, were down 12.75%, up 23.06%, up 13.62%, down 1.81%, up 5.94% comparing with the same period of last year.
During the current year until 202007, the trade surplus of HONG KONG was mainly from CHINA, UNITED STATES, NETHERLANDS, SWITZERLAND, MACAO at 33906.8572 million, 11555.3177 million, 3685.6912 million, 2599.8927 million, 2397.8035 million, and up 107.96%, up 35.42%, down 9.02%, down 219.61%, down 35.77%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, JAPAN, MALAYSIA, THAILAND at 31194.8910 million, 17550.9517 million, 10879.7696 million, 10519.1749 million, 3278.1545 million, and up 26.11%, up 21.91%, up 6.35%, up 9.96%, up 114.94%.
Current year until 202007, HONG KONG's trade surplus or deficit with top five countries/territories During the current year until 202007, commodities with hs2 codes, 85, 84, 71, 90, 39, were HONG KONG's top five traded commodities. They correspond to the import and export values of 334921.9597 million, 79548.9786 million, 65992.4369 million, 19871.6140 million, 8279.6310 million, which were up 0.28%, up 3.33%, down 0.31%, down 3.21%, down 18.07% comparing with the same period of last year and account for 55.45%, 13.17%, 10.92%, 3.29%, 1.37% of HONG KONG's total imports and exports.
During the current year until 202007, 85, 84, 71, 90, 39 were HONG KONG's top five traded commodities, with total import and export values of 163872.8768 million, 42086.5407 million, 35503.0431 million, 10103.7149 million, 4388.8839 million. These values correspond to 55.85%, 14.34%, 12.10%, 3.44%, 1.50% of HONG KONG's total exports and, respectively, were down 0.21%, up 7.84%, up 7.50%, down 2.45%, down 16.78% comparing to the same period of last year.
During the current year until 202007, 85, 84, 71, 90, 27 were HONG KONG's top five traded commodities, with total import values of 171049.0829 million, 37462.4379 million, 30489.3938 million, 9767.8991 million, 5716.0256 million. These values correspond to 55.07%, 12.06%, 9.82%, 3.14%, 1.84% of HONG KONG's total exports and, respectively, were up 0.76%, down 1.32%, down 8.10%, down 3.99%, down 31.79% comparing to the same period of last year.
2. Current year until 202007, HONG KONG binational trade profile
According to Dalian Infobank, during the current year until 202007, HONG KONG-China binational exports and imports of goods amounted to 287646.2980 million and were down 6.35% comparing with the same period of last year. Among these, exports from HONG KONG to China were 160776.5776 million and down 0.58%, imports from China to HONG KONG were 126869.7204 million and down 12.75%. The total binational trade surplus was 33906.8572 million and up 107.96%.
During the urrent year until 202007, commodities with hs2 code, 85, 84, 90, 71, 39, were binational trade's top five traded commodities. They correspond to import and export values of 185793.1522 million, 40371.7270 million, 11230.0916 million, 8352.5075 million, 4617.8270 million and makes up 64.59%, 14.04%, 3.90%, 2.90%, 1.61% of the total binational imports and exports. These values were also down 0.46%, down 1.08%, down 3.35%, down 49.71%, down 17.78% comparing to the same period last year.
During the current year until 202007, 85, 84, 90, 71, 39 were the top five traded commodities exported to China from HONG KONG, with export values of 107980.2668 million, 22102.2470 million, 6010.6362 million, 5384.0678 million, 3104.5579 million. These values account for 67.16%, 13.75%, 3.74%, 3.35%, 1.93% of HONG KONG's total exports and were up 6.74%, up 7.06%, up 3.30%, down 55.70%, down 17.81% comparing to the same period of last year.
During the current year until 202007, 85, 84, 90, 71, 27 were HONG KONG's top five traded commodities importing from China , with import values of 77812.8855 million, 18269.4801 million, 5219.4553 million, 2968.4397 million, 2934.1702 million. These values account for 61.33%, 14.40%, 4.11%, 2.34%, 2.31% of HONG KONG's total imports and were down 8.97%, down 9.42%, down 10.02%, down 33.37%, down 34.45% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Hong Kong Census & Statistics Department