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Monitor Report of HONG KONG trade and HONG KONG-China binational trade in 202104

 1.  Overview the trade of HONG KONG in goods current year until 202104

According to Dalian Infobank, in 202104HONG KONG's exports and imports of goods amounted to 110096.7500 million, and were up 22.20% comparing with the same period of last year. Among these, exports were up 19.63% at 53240.2374 million, and imports were up 24.71% at 56856.5126 million. And the corresponding trade deficit was 3616.2752 million and up 233.44%.

During the current year until 202104, HONG KONG's total exports and imports of goods were 414286.6177 million and were up 25.97% comparing to the same period of last year. Among these, exports were 201306.4141 million and up 27.72%; imports were 212980.2036 million and up 24.35%. The total trade deficit was 11673.7895 million and down 14.58%.

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 202104, HONG KONG's imports and exports to five countries/territories were 207123.3409 million, 34817.2602 million, 18532.2102 million, 18085.0087 million, 16889.8600 million. These values correspond to 50.00%, 8.40%, 4.47%, 4.37%, 4.08% of HONG KONG's imports and exports, and, respectively, were up 33.08%, up 41.79%, down 8.93%, up 23.50%, up 11.60% comparing to the same period of last year.

Current year until 202104, 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 202104, HONG KONG's exports to these five countries/territories were 120142.5354 million, 10938.7014 million, 5635.9736 million, 4946.1524 million, 4572.3530 million. These values correspond to 59.68%, 5.43%, 2.80%, 2.46%, 2.27% of HONG KONG's exports and, respectively, were up 37.08%, down 14.40%, up 41.25%, up 36.95%, up 1.68% comparing with the same period of last year.

Current year until 202104, 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 202104, HONG KONG's imports from these five countries/territories were 86980.8055 million, 29181.2866 million, 14859.2312 million, 12317.5070 million, 7621.0669 million. These values correspond to 40.84%, 13.70%, 6.98%, 5.78%, 3.58% of HONG KONG's total imports and, respectively, were up 27.93%, up 41.90%, up 19.88%, up 15.80%, up 14.38% comparing with the same period of last year.

During the current year until 202104, the trade surplus of HONG KONG was mainly from CHINA, UNITED STATES, MACAO, NETHERLANDS, UNITED KINGDOM at 33161.7299 million, 3345.1926 million, 2722.7699 million, 2444.3368 million, 1571.1168 million, and up 68.73%, down 35.80%, up 83.82%, up 25.09%, down 209.53%. And the trade deficits were mainly from TAIWAN, SOUTH KOREA, JAPAN, MALAYSIA, SWITZERLAND at 23545.3131 million, 11633.4537 million, 7745.1541 million, 6121.8441 million, 2100.3628 million, and up 42.05%, up 14.66%, up 26.14%, up 15.00%, up 125.12%.

Current year until 202104, HONG KONG's trade surplus or deficit with top five countries/territories During the current year until 202104,  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 241029.3488 million, 48890.2938 million, 44663.7496 million, 12291.2267 million, 5456.4382 million, which were up 33.16%, up 10.46%, up 28.66%, up 14.28%, up 17.81% comparing with the same period of last year and account for 58.18%, 11.80%, 10.78%, 2.97%, 1.32% of HONG KONG's total imports and exports.

During the current year until 202104, 85, 84, 71, 90, 39 were HONG KONG's top five traded commodities, with total import and export values of 119039.6373 million, 26704.6131 million, 22371.5176 million, 6192.8270 million, 2878.6886 million. These values correspond to 59.13%, 13.27%, 11.11%, 3.08%, 1.43% of HONG KONG's total exports and, respectively, were up 35.11%, up 14.79%, up 27.93%, up 14.90%, up 18.75% comparing to the same period of last year.

During the current year until 202104, 85, 71, 84, 90, 27 were HONG KONG's top five traded commodities, with total import values of 121989.7115 million, 22292.2321 million, 22185.6806 million, 6098.3998 million, 2945.7232 million. These values correspond to 57.28%, 10.47%, 10.42%, 2.86%, 1.38% of HONG KONG's total exports and, respectively, were up 31.31%, up 29.40%, up 5.67%, up 13.66%, down 15.64% comparing to the same period of last year.


2. Current year until 202104, HONG KONG binational trade profile

According to Dalian Infobank, during the current year until 202104, HONG KONG-China binational exports and imports of goods amounted to 207123.3409 million and were up 33.08% comparing with the same period of last year. Among these, exports from HONG KONG to China were 120142.5354 million and up 37.08%, imports from China to HONG KONG were 86980.8055 million and up 27.93%. The total binational trade surplus was 33161.7299 million and up 68.73%.

During the urrent year until 202104, 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 136206.1364 million, 25315.3219 million, 12411.5986 million, 6585.2418 million, 3026.3741 million and makes up 65.76%, 12.22%, 5.99%, 3.18%, 1.46% of the total binational imports and exports. These values were also up 36.94%, up 15.45%, up 148.06%, up 9.49%, up 18.19% comparing to the same period last year.

During the current year until 202104, 85, 84, 71, 90, 39 were the top five traded commodities exported to China from HONG KONG, with export values of 81265.5539 million, 14032.6577 million, 8624.7258 million, 3479.8439 million, 2079.1448 million. These values account for 67.64%, 11.68%, 7.18%, 2.90%, 1.73% of HONG KONG's total exports and were up 40.29%, up 15.70%, up 143.03%, up 8.08%, up 21.93% comparing to the same period of last year.

During the current year until 202104, 85, 84, 71, 90, 27 were HONG KONG's top five traded commodities importing from China , with import values of 54940.5825 million, 11282.6642 million, 3786.8728 million, 3105.3979 million, 1610.4722 million. These values account for 63.16%, 12.97%, 4.35%, 3.57%, 1.85% of HONG KONG's total imports and were up 32.27%, up 15.15%, up 160.31%, up 11.12%, down 14.56% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Hong Kong Census & Statistics Department