Hong Kong’s imports jumped 38.1% year-on-year to USD 535 billion in January 2026, accelerating from a 30.6% rise in December. This was the fastest annual increase since March 2010, largely fueled by higher purchases of electrical machinery, apparatus and appliances, along with electrical parts, which surged 44.8%. Imports of telecommunications equipment and sound recording and reproducing devices also soared, rising 80%. By country and region of origin, the strongest import growth came from Vietnam (129.8%), India (125.1%), Korea (75%), Mainland China (46.6%), and Singapore (42.8%).