FX.co ★ Hong Kong Trade Gap Largest in 6 Months

In March 2025, Hong Kong experienced an increase in its trade deficit, reaching $45.4 billion compared to $45 billion in March of the previous year. This represents the largest trade gap since September 2024. Exports rose significantly, by 18.5% year-on-year, totaling $455.5 billion. This increase was propelled by a sharp rise in sales of office machines and automatic data processing machines (up by 133.5%), power-generating machinery and equipment (up by 27.5%), and various manufactured items (up by 23.2%). On the import side, there was a 16.6% year-on-year increase, bringing the total to $500.9 billion. The main contributors to this growth were office machines and automatic data processing machines (up by 130.8%), non-ferrous metals (up by 53.9%), and power-generating machinery and equipment (up by 31.1%). For the first quarter of the year, the total trade deficit stood at $80.7 billion, with exports rising by 10.9% and imports increasing by 9.8% compared to the same period the previous year.