FX.co ★ Hong Kong Current Account Surplus Widens in Q1

In the first quarter of 2025, Hong Kong's current account surplus expanded to HKD 125.2 billion, up from HKD 95.3 billion in the same period the previous year. This growth is attributed primarily to a significant increase in the primary income surplus and a robust trade in services. The primary income surplus experienced a notable rise, reaching HKD 79.7 billion from a previous HKD 61.3 billion. Concurrently, the services account surplus advanced to HKD 54.9 billion from HKD 44.7 billion. Meanwhile, the goods account deficit decreased to HKD 3.0 billion, down from HKD 6.2 billion. However, the secondary income deficit increased to HKD 6.4 billion, compared to HKD 4.5 billion in the prior year.