Hong Kong's trade deficit expanded to $39.9 billion in October 2025, compared to $31.0 billion in the same period the previous year. Exports surged by 17.5% year-on-year, reaching $461.8 billion, largely driven by robust sales in electrical machinery, apparatus, appliances, and related electrical parts, which increased by 16.1%, and telecommunications, sound recording, and reproducing equipment, which soared by 35.7%. Exports experienced significant growth, particularly to the United States (+40.5%), Malaysia (+139.4%), Vietnam (+56.0%), and the Netherlands (+56.8%).
In parallel, imports rose by 18.3%, amounting to $501.7 billion, primarily due to higher imports of electrical machinery, apparatus, appliances, and related electrical parts that climbed by 21.5%, as well as telecommunications, sound recording, and reproducing equipment, which jumped by 45.5%. Notably, imports increased substantially from Vietnam (+189.1%), the United Kingdom (+55.7%), and Malaysia (+25.1%). For the cumulative ten months of the year, the trade deficit reached $334.0 billion, with exports ascending by 13.8% and imports advancing by 13.6%.
