Hong Kong’s trade deficit widened sharply to $64.2 billion in February 2026, up from $36.3 billion in the same month a year earlier. Imports jumped 29.9% year-on-year to $472.9 billion, driven mainly by higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (up 30.5%), non-ferrous metals (up 474.8%), and telecommunications as well as sound recording and reproducing apparatus and equipment (up 67.6%). The strongest import growth came from the United Kingdom (up 230.6%), India (up 130.8%), and Korea (up 113.6%).
Exports also rose markedly, climbing 24.7% year-on-year to $408.8 billion. The increase was largely attributable to higher shipments of electrical machinery, apparatus and appliances, and electrical parts thereof (up 41.5%), telecommunications and sound recording and reproducing apparatus and equipment (up 41.5%), and non-ferrous metals (up 289.4%). Export growth was most pronounced to Malaysia (up 121.9%), Singapore (up 69.8%), Thailand (up 36.9%), Taiwan (up 33.4%), and Mainland China (up 21.9%).
