Staff Reporter
Hong Kong’s total goods exports saw an increase of 15.4% year-on-year, reaching HK$327.9 billion in February 2025, according to the Census & Statistics Department (C&SD).
Imports also experienced an 11.8% year-on-year rise during the same month. For the first two months of 2025 combined, total exports grew by 6.5% compared to the same period last year, while imports rose by 5.7%.
In terms of trade balance, Hong Kong recorded a trade deficit of HK$34.6 billion, amounting to 4.6% of the value of imports during the first two months.
Regionally, exports to Asia increased by 25%, with notable gains from Vietnam (+114.2%), Taiwan (+73%), the Philippines (+32.3%), and mainland China (+29.5%) in February.
Conversely, exports to the Netherlands (-44.7%) and the USA (-18.5%) declined, while exports to the United Kingdom rose by 61%.
On the import side, values surged from Vietnam (+89.9%), Taiwan (+29.2%), Singapore (+18.3%), and mainland China (+10.9%). However, imports from the UAE (-38.2%) and India (-25.6%) decreased.
Looking forward, a government spokesperson noted that the tariff measures implemented by the United States and ongoing uncertainties surrounding protectionist policies are expected to challenge Hong Kong’s merchandise trade. Nonetheless, the continued growth of the global economy, particularly in mainland China, is anticipated to support Hong Kong’s export performance.
