FX.co ★ Hong Kong Trade Deficit Narrows in September

In September 2025, Hong Kong's trade deficit decreased to $50.2 billion, compared to $53.2 billion in the same month the previous year. Export figures rose by 16.1% year-over-year to $462.2 billion. This growth was largely propelled by substantial increments in non-ferrous metals (75.4%), power-generating machinery and equipment (48.7%), and electrical machinery, apparatus, and appliances, along with their electrical parts (22.8%). The most significant export increases were to Vietnam (50.9%), India (19.5%), and Mainland China (16.7%). On the import front, there was a milder growth of 13.6%, amounting to $512.5 billion. This rise was mainly attributed to higher imports of miscellaneous manufactured articles (33.6%) and photographic apparatus, equipment and supplies, optical goods, watches, and clocks (25.6%). The largest increases in imports were from Vietnam (68.7%), Singapore (33.2%), and Mainland China (19.4%). Over the first nine months of the year, the cumulative trade deficit stood at $293.9 billion, with a 13.4% increase in exports and a 13.1% rise in imports.