FX.co ★ Hong Kong Trade Deficit Widens in June

Hong Kong's trade deficit expanded to $58.9 billion in June 2025, up from $55.7 billion in June of the previous year. This shift comes as exports saw a year-on-year increase of 11.9%, reaching $417.8 billion. This growth was primarily fueled by a marked rise in the export of electrical machinery, apparatus, and appliances, which soared by 20.2%, alongside office machines and automatic data processing machines, which increased by 10.4%. Exports to Asian markets showed impressive growth at 17.2%, in contrast to a decline in shipments to non-Asian regions, notably the United States, which decreased by 12.1%, and the Netherlands, which saw a substantial reduction of 35.5%. Concurrently, imports rose by 11.1% amounting to $476.7 billion. This increase was largely attributed to a rise in purchasing electrical machinery and associated parts by 14.6%, and a 17.7% upsurge in telecommunications and audio-visual equipment. Significant growth in imports was observed from major suppliers, especially from Vietnam, which experienced a 50.6% increase, the United Kingdom at 44.7%, and the United States at 3.9%. For the first half of 2025, the cumulative trade deficit amounted to $183.6 billion, with exports advancing by 12.5% and imports increasing by 12.6% in comparison with the first half of the previous year.