FX.co ★ Hong Kong Current Account Surplus Narrows in Q4

Hong Kong’s current account surplus narrowed to HKD 93.9 billion in the fourth quarter of 2025, down from HKD 110.9 billion in the same period a year earlier. The goods account recorded a deficit of HKD 32.5 billion in Q4 2025, reversing from a surplus of HKD 5.9 billion in Q4 2024. By contrast, the services account surplus widened further, increasing to HKD 37.9 billion from HKD 32.7 billion. The primary income surplus also rose markedly, reaching HKD 93.3 billion in Q4 2025 compared with HKD 78.3 billion a year earlier, while the secondary income deficit narrowed to HKD 4.8 billion from HKD 6.0 billion.