In October, the overall value of Hong Kong's exports and imports increased by 17.5% and 18.3% respectively compared to the same period last year.

On November 25th, the Census and Statistics Department of the Hong Kong Special Administrative Region Government released external merchandise trade statistics for October 2025, showing that both exports and imports in Hong Kong saw year-on-year increases of 17.5% and 18.3% respectively. Following a 16.1% year-on-year increase in September 2025, the total export value of merchandise in October 2025 was 461.8 billion Hong Kong dollars, up by 17.5% compared to the same month in 2024. Similarly, following a 13.6% year-on-year increase in September 2025, the total import value of merchandise in October 2025 was 501.7 billion Hong Kong dollars, up by 18.3% compared to the same month in 2024. The trade deficit in tangible goods for October 2025 was 39.9 billion Hong Kong dollars, equivalent to 8.0% of the total import value. For the first ten months of 2025, the total export value of merchandise increased by 13.8% compared to the same period in 2024, while the import value increased by 13.6%. A trade deficit of 334 billion Hong Kong dollars was recorded for the first ten months of 2025, equivalent to 7.3% of the total import value. Seasonally adjusted figures show that for the three months ending in October 2025, the total export value of merchandise decreased by 1.6% compared to the previous three months, while the total import value decreased by 1.9%. Analysis by country/region: In October 2025 compared to October 2024, the total export value to Asia increased by 15.6%. Among the major destinations in this region, significant increases in total exports were recorded, particularly to Malaysia (up 139.4%), Vietnam (up 56.0%), Taiwan (up 50.2%), India (up 31.8%), and Mainland China (up 9.8%). Apart from Asian destinations, most major destinations in other regions saw an increase in total export value, especially to the Netherlands (up 56.8%) and the United States (up 40.5%). During the same period, there were increases in the total import value from most major supplying countries, particularly from Vietnam (up 189.1%), the United Kingdom (up 55.7%), Malaysia (up 25.1%), Singapore (up 20.8%), and Mainland China (up 18.4%). Conversely, there was a decrease in import value from the United States (down 10.4%). In the first ten months of 2025 compared to the same period in 2024, there were increases in the total export value to most major destinations, especially to Malaysia (up 53.7%), Vietnam (up 52.8%), Taiwan (up 40.0%), Mainland China (up 15.8%), and Japan (up 14.1%). Similarly, there were increases in the total import value from most major supplying countries, particularly from Vietnam (up 89.5%), the United Kingdom (up 47.1%), Taiwan (up 20.9%), Malaysia (up 19.7%), and Mainland China (up 13.3%). Conversely, there was a decrease in import value from South Korea (down 16.0%). Analysis by major commodity category: In October 2025 compared to October 2024, most major commodity categories saw an increase in total export value, especially for electrical machinery, equipment, and parts (an increase of 30.3 billion Hong Kong dollars, up 16.1%), and telecommunications, recording, and sound equipment and apparatus (an increase of 17.6 billion Hong Kong dollars, up 35.7%). During the same period, some major commodity categories saw an increase in total import value, especially for electrical machinery, equipment, and parts (an increase of 40.6 billion Hong Kong dollars, up 21.5%), and telecommunications, recording, and sound equipment and apparatus (an increase of 23.2 billion Hong Kong dollars, up 45.5%). In the first ten months of 2025 compared to the same period in 2024, most major commodity categories showed an increase in total export value, especially for electrical machinery, equipment, and parts (an increase of 284 billion Hong Kong dollars, up 15.9%), and office machines and automatic data processing equipment (an increase of 122.3 billion Hong Kong dollars, up 28.0%). During the same period, most major commodity categories saw an increase in total import value, especially for electrical machinery, equipment, and parts (an increase of 300.4 billion Hong Kong dollars, up 16.8%), and office machines and automatic data processing equipment (an increase of 109.4 billion Hong Kong dollars, up 30.1%). A government spokesperson stated that in October, the export value of goods saw a significant increase, rising by 17.5% year-on-year. Exports to most major markets were robust. When analyzing commodity categories, most major goods saw an increase in exports, particularly in the strong growth of exports of electrical machinery, equipment, and parts. Looking towards the future, with the global economy maintaining moderate growth, coupled with reduced uncertainty in recent external trade policies and sustained demand for electronic products, it is expected that Hong Kong's merchandise trade growth will be favorable in the short term. The government has been working to strengthen Hong Kong's economic and trade links with different markets to continue providing support. However, the ongoing impact of trade barriers remains a concern, and the government will remain vigilant.