Hong Kong: The overall export value of goods in May increased by 15.5% year-on-year, while the overall import value of goods increased by 18.9% year-on-year.

The statistics released by the Hong Kong government today (June 26) show that following a 14.7% year-on-year increase recorded in April 2025, the overall export value of goods in Hong Kong in May 2025 was HK$434.1 billion, an increase of 15.5% year-on-year. At the same time, following a 15.8% year-on-year increase recorded in April 2025, the import value of goods in Hong Kong in May 2025 was HK$461.4 billion, an increase of 18.9% year-on-year. In May 2025, there was a visible trade deficit of HK$27.3 billion, equivalent to 5.9% of the value of goods imported. For the first five months of 2025, the overall export value of goods in Hong Kong increased by 12.6% year-on-year. Similarly, the import value of goods increased by 12.9% year-on-year. A visible trade deficit of HK$124.7 billion was recorded for the first five months of 2025, equivalent to 5.8% of the value of goods imported. Seasonally adjusted figures show that for the three months ending in May 2025 compared to the previous three months, the overall export value of goods increased by 10.0%, while the import value of goods increased by 11.9%. By country/region analysis In May 2025 compared to the same month in 2024, the overall export value of goods to Asia increased by 21.8%. Within this region, most major destinations saw an increase in export value, particularly in Japan (up 96.2%), Malaysia (up 55.3%), Taiwan (up 54.8%), Vietnam (up 41.2%), India (up 35.1%), and Mainland China (up 17.6%). On the other hand, the export value to South Korea saw a decrease of 25.6%. Apart from destinations in Asia, some major destinations in other regions saw a decrease in the overall export value, especially in the UK (down 52.0%) and the US (down 18.4%). During the same period, the import value from most major supplying regions saw an increase, especially from Vietnam (up 67.3%), UK (up 49.2%), Taiwan (up 33.5%), Malaysia (up 27.7%), and Mainland China (up 18.5%). For the first five months of 2025 compared to the same period in 2024, the overall export value of goods to some major destinations saw an increase, especially to Vietnam (up 58.5%), Taiwan (up 39.7%), Japan (up 20.4%), and Mainland China (up 17.9%). On the other hand, the export value to the United Arab Emirates saw a decrease of 24.0%. During the same period, the import value from most major supplying regions saw an increase, especially from Vietnam (up 76.4%), UK (up 55.8%), Taiwan (up 48.9%), Malaysia (up 34.2%), and Mainland China (up 9.4%). Conversely, the import value from South Korea saw a decrease of 19.6%. By major product category analysis In May 2025 compared to the same month in 2024, most major product categories saw an increase in the overall export value, especially in "electrical machinery, equipment, and parts" (an increase of HK$27.4 billion, up 15.5%) and "office machines and automatic data processing equipment" (an increase of HK$18.9 billion, up 44.9%). During the same period, most major product categories saw an increase in the import value, especially in "electrical machinery, equipment, and parts" (an increase of HK$40.4 billion, up 23.7%) and "office machines and automatic data processing equipment" (an increase of HK$21.7 billion, up 69.4%). In the first five months of 2025 compared to the same period in 2024, most major product categories saw an increase in the overall export value, especially in "office machines and automatic data processing equipment" (an increase of HK$125.1 billion, up 66.1%) and "electrical machinery, equipment, and parts" (an increase of HK$103.3 billion, up 12.0%). During the same period, some major product categories saw an increase in the import value, especially in "electrical machinery, equipment, and parts" (an increase of HK$122.8 billion, up 14.6%) and "office machines and automatic data processing equipment" (an increase of HK$115.9 billion, up 81.5%).