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Monitor Report of HONG KONG trade and HONG KONG-China binational trade in 202103

 1.  Overview the trade of HONG KONG in goods current year until 202103

According to Dalian Infobank, in 202103HONG KONG's exports and imports of goods amounted to 113256.0533 million, and were up 21.39% comparing with the same period of last year. Among these, exports were up 21.93% at 54726.4937 million, and imports were up 20.89% at 58529.5595 million. And the corresponding trade deficit was 3803.0658 million and up 7.69%.

During the current year until 202103, HONG KONG's total exports and imports of goods were 304189.8677 million and were up 27.39% comparing to the same period of last year. Among these, exports were 148066.1767 million and up 30.91%; imports were 156123.6910 million and up 24.22%. The total trade deficit was 8057.5143 million and down 35.96%.

If considering by country (region), CHINA, TAIWAN, UNITED STATES, SOUTH KOREA, JAPAN were HONG KONG's top five trading partners. During the current year until 202103, HONG KONG's imports and exports to five countries/territories were 151293.4614 million, 25213.3090 million, 13644.1020 million, 13307.8039 million, 12673.2796 million. These values correspond to 49.74%, 8.29%, 4.49%, 4.37%, 4.17% of HONG KONG's imports and exports, and, respectively, were up 35.26%, up 44.63%, up 9.06%, up 25.48%, up 15.64% comparing to the same period of last year.

Current year until 202103, HONG KONG and the top five trade partners CHINA, UNITED STATES, TAIWAN, INDIA, JAPAN are the top five countries/territories that HONG KONG exports to in terms of the total export amount. During the current year until 202103, HONG KONG's exports to these five countries/territories were 86964.5392 million, 8039.7711 million, 4175.2864 million, 3872.1109 million, 3496.5147 million. These values correspond to 58.73%, 5.43%, 2.82%, 2.62%, 2.36% of HONG KONG's exports and, respectively, were up 39.29%, up 12.22%, up 44.92%, up 20.95%, up 8.44% comparing with the same period of last year.

Current year until 202103, 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 202103, HONG KONG's imports from these five countries/territories were 64328.9221 million, 21038.0227 million, 10837.9108 million, 9176.7649 million, 5714.2372 million. These values correspond to 41.20%, 13.48%, 6.94%, 5.88%, 3.66% of HONG KONG's total imports and, respectively, were up 30.17%, up 44.58%, up 21.01%, up 18.64%, up 13.03% comparing with the same period of last year.

During the current year until 202103, the trade surplus of HONG KONG was mainly from CHINA, UNITED STATES, MACAO, NETHERLANDS, UNITED KINGDOM at 22635.6171 million, 2435.4402 million, 1996.7222 million, 1815.3627 million, 1191.5456 million, and up 73.92%, up 33.97%, up 65.26%, up 54.14%, down 228.67%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, JAPAN, MALAYSIA, PHILIPPINES at 16862.7363 million, 8368.0178 million, 5680.2502 million, 4613.9962 million, 1281.4814 million, and up 44.49%, up 14.51%, up 25.93%, up 14.26%, up 8.44%.

Current year until 202103, HONG KONG's trade surplus or deficit with top five countries/territories During the current year until 202103,  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 178986.7838 million, 35923.1730 million, 30223.6121 million, 9174.0830 million, 4001.2913 million, which were up 35.19%, up 15.98%, up 25.67%, up 19.36%, up 23.12% comparing with the same period of last year and account for 58.84%, 11.81%, 9.94%, 3.02%, 1.32% of HONG KONG's total imports and exports.

During the current year until 202103, 85, 84, 71, 90, 39 were HONG KONG's top five traded commodities, with total import and export values of 88844.2316 million, 19619.3181 million, 14972.0965 million, 4604.2366 million, 2099.3257 million. These values correspond to 60.00%, 13.25%, 10.11%, 3.11%, 1.42% of HONG KONG's total exports and, respectively, were up 38.38%, up 22.06%, up 28.55%, up 20.42%, up 22.60% comparing to the same period of last year.

During the current year until 202103, 85, 84, 71, 90, 27 were HONG KONG's top five traded commodities, with total import values of 90142.5522 million, 16303.8550 million, 15251.5156 million, 4569.8464 million, 2321.9710 million. These values correspond to 57.74%, 10.44%, 9.77%, 2.93%, 1.49% of HONG KONG's total exports and, respectively, were up 32.20%, up 9.42%, up 22.96%, up 18.31%, down 21.72% comparing to the same period of last year.


2. Current year until 202103, HONG KONG binational trade profile

According to Dalian Infobank, during the current year until 202103, HONG KONG-China binational exports and imports of goods amounted to 151293.4614 million and were up 35.26% comparing with the same period of last year. Among these, exports from HONG KONG to China were 86964.5392 million and up 39.29%, imports from China to HONG KONG were 64328.9221 million and up 30.17%. The total binational trade surplus was 22635.6171 million and up 73.92%.

During the urrent year until 202103, commodities with hs2 code, 85, 84, 71, 90, 39, were binational trade's top five traded commodities. They correspond to import and export values of 101056.6391 million, 18406.6511 million, 7322.0602 million, 4896.2670 million, 2210.6151 million and makes up 66.80%, 12.17%, 4.84%, 3.24%, 1.46% of the total binational imports and exports. These values were also up 40.42%, up 22.67%, up 90.57%, up 16.97%, up 22.07% comparing to the same period last year.

During the current year until 202103, 85, 84, 71, 90, 39 were the top five traded commodities exported to China from HONG KONG, with export values of 60451.7112 million, 9998.7447 million, 4432.0555 million, 2585.8090 million, 1519.6834 million. These values account for 69.51%, 11.50%, 5.10%, 2.97%, 1.75% of HONG KONG's total exports and were up 46.04%, up 20.43%, up 59.04%, up 15.73%, up 25.67% comparing to the same period of last year.

During the current year until 202103, 85, 84, 71, 90, 27 were HONG KONG's top five traded commodities importing from China , with import values of 40604.9279 million, 8407.9065 million, 2890.0047 million, 2310.4580 million, 1194.6871 million. These values account for 63.12%, 13.07%, 4.49%, 3.59%, 1.86% of HONG KONG's total imports and were up 32.81%, up 25.45%, up 173.79%, up 18.40%, down 24.74% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Hong Kong Census & Statistics Department