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Import and Export Balances
Import and Export Balances
1 Trade Deficit (Net Exports) NX=Exports (X)-Imports (M) in Relation to Un-Employment and
Inflation for Last 20-Years Performance
Hong Kong has an export oriented economy with 99 percent of shipments coming from re-exports.
Major exports are electrical machinery, apparatus and appliances which accounts for 36 percent of
total shipments. Other exports include: telecommunications and sound equipment (20 percent);
office and automatic data processing machines (10 percent); miscellaneous manufactured articles (5
percent) and non-metallic mineral manufactures (5 percent). Main export partners are China (40
percent), the United States (8 percent), Vietnam (6 percent), Singapore (5 percent), Taiwan and
Macau.
Inflation Rate in Hong Kong averaged 4.15 percent from 1981 until 2021,
reaching an all time high of 16 percent in October of 1981 and a record low of
-6.10 percent in August of 1999. This page provides the latest reported value for
- Hong Kong Inflation Rate - plus previous releases, historical high and low,
short-term forecast and long-term prediction, economic calendar, survey
consensus and news. Hong Kong Inflation Rate - data, historical chart, forecasts
and calendar of releases - was last updated on October of 2021.
The trade deficit in Hong Kong widened to HKD 42.4 billion in September of 2021
from HKD 12.7 billion a year earlier. Imports surged 23.5% and hit an all-time
high of HKD 484.2 billion, driven mostly by electrical machinery and related parts
(25.4%). Large purchases were seen from China (29%), Taiwan (24.5%),
Singapore (20%), South Korea (37.5%), and Japan (12.3%). At the same time,
exports rose at a slower 16.5% to a record high of HKD 441.8 billion, mainly
boosted by sales of Electrical machinery (16.5%); Office machines and automatic
data processing machines (45.6%); gold and silver articles (34%) and non-
metallic mineral manufactures (30.7%). Major increases were recorded in sales
from China (11.2%), USA (11.2%), Taiwan (53.6%), India (27.6%) and Japan
100
80 Exports
Moving average (Exports)
Imports
60
Unemployment
Exponential (Unemployment)
40 Inflation
20
0 01 03 05 07 09 11 13 15 17 19
-202 20 20 20 20 20 20 20 20 20
Hong Kong:
XM Deficit/Surplus & Relative Performance Towards Unemployment /Inflation Relation 20-Years Analysis
120
100
80 Export
Moving average (Export)
Import
60
Unemployment
Exponential (Unemployment)
40 Inflation
20
0 01 03 05 07 09 11 13 15 17 19
-202 20 20 20 20 20 20 20 20 20