FX.co ★ Hong Kong Import Growth Cools Sharply in February, Easing From January Surge

Hong Kong’s import growth decelerated markedly in February 2026, following a strong surge at the start of the year. According to the latest data updated on 26 March 2026, imports rose 29.9% in February on a month-over-month basis, down from a robust 38.1% expansion recorded in January 2026.

The figures, based on a month-over-month comparison, show that while inbound trade remained solid, the pace of growth moderated after January’s sharp jump. In this framework, the “actual” February reading of 29.9% is measured against January, whereas the “previous” 38.1% reflects January’s change compared with December. The slowdown may indicate a normalization in trade flows after a strong start to the year, with February’s still-elevated growth rate suggesting ongoing resilience in import demand.