Hong Kong Balance Commerciale

Hong Kong's trade deficit widened sharply to $43.4 billion in November 2024 from $27.9 billion in the corresponding month of the previous year. Imports climbed by 5.7% year-on-year to $438.1 billion, mainly driven by higher purchases of office machines and automatic data processing machines (+67.8%) and non-ferrous metals (+40.2%). Meanwhile, exports increased at a softer 2.1% from a year earlier to $394.7 billion, primarily due to higher sales of office machines and automatic data processing machines (+28.1%) and power generating machinery and equipment (+17.4%). However, exports declined sharply for non-metallic mineral manufactures (-34%) and telecommunications and sound recording and reproducing apparatus and equipment (-11.3%). Considering the first eleven months of the year, the country’s trade deficit was $345.1 billion, with exports growing by 9.1% and imports rising by 6.7% compared to the same period a year earlier.