FX.co ★ Hong Kong Current Account Surplus Narrows Sharply in Q1

Hong Kong’s current account surplus narrowed to HKD 36.4 billion in the first quarter of 2026, marking the third consecutive quarterly decline and down sharply from HKD 124.0 billion in the same period a year earlier. The deterioration was largely due to a significant widening of the goods account deficit, which expanded to HKD 92.8 billion from HKD 3.4 billion a year before.

This weakness in the goods balance was partly offset by stronger net primary income inflows, which rose to HKD 81.8 billion from HKD 79.7 billion. Total primary income inflows and outflows amounted to HKD 529.6 billion and HKD 447.8 billion, respectively.

At the same time, the services account surplus slipped slightly to HKD 53.3 billion from HKD 54.7 billion, while the secondary income deficit narrowed modestly to HKD 5.8 billion from HKD 6.3 billion.