Hong Kong’s trade deficit widened to $27.3 billion in May 2025 from $12.1 billion in the same month of the previous year. Exports rose 15.5% year-on-year to $434.1 billion, driven by strong growth in sales of electrical machinery, apparatus and appliances, and electrical parts thereof (15.5%), as well as office machines and automatic data processing machines (44.9%). Exports to Asia as a whole surged 21.8%, while shipments to regions outside Asia declined, particularly to the US (-18.4%) and the United Kingdom (-52.0%).
Meanwhile, imports jumped 18.9% to $461.4 billion, mainly due to higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (23.7%), and office machines and automatic data processing machines (69.4%). For the first five months of 2025, the cumulative trade deficit reached $124.7 billion, with exports rising 12.6% and imports climbing 12.9% compared to the same period last year.
