Financial News: Hong Kong Trade Gap Widens In March

Hong Kong Trade Gap Widens In March

04/28/2026 - 05:00:00 (RTTNews)

(RTTNews) - Hong Kong's trade deficit increased notably in March from a year ago as imports grew faster than exports, data from the Census and Statistics Department showed on Tuesday.

The trade shortfall rose to HK$89.1 billion in March from HK$45.4 billion in the same month last year. In February, the trade balance showed a deficit of HK$64.1 billion.

Exports climbed 35.8 percent year-on-year in March, and imports surged by 41.2 percent. The overall growth in exports was driven by global demand for AI-related electronic products.

A visible trade deficit of HK$89.1 billion, equivalent to 12.6 percent of the value of imports of goods, was recorded in March 2026, the agency said.

Exports to Mainland China were 39.5 percent higher compared to last year. Total outflows to Asia as a whole expanded 37.8 percent. Within this, exports to Singapore grew the most by 125.0 percent, followed by Malaysia with a 62.3 percent rise.

Apart from destinations in Asia, shipments to the USA and the Netherlands increased by 80.8 percent and 37.1 percent, respectively.

Meanwhile, imports from the United Kingdom jumped by 118.5 percent, and those from Korea grew by 111.2 percent. The country imported 88.1 percent more from India.

"Looking ahead, the heightened geopolitical tensions in the Middle East have led to an upsurge in international energy prices, posing downside risk to the near-term global economic outlook, with potential disruptions to global trade flows and supply chains," a government spokesman said.

"Nonetheless, global demand for AI-related electronic products remains robust and should provide staunch support to the performance of Hong Kong's merchandise exports."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Pending Home Sales Jump More Than Expected In April (41 min(s), 04 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Tuesday showing pending home ...Full Story»

Portugal Producer Prices Rise Most Since March 2023 (03 hr(s), 32 min(s), 04 sec(s) ago)
(RTTNews) - Portugal's producer prices logged a renewed increase in April, reaching the fastes ...Full Story»

UK Labor Productivity Rebounds 0.9% In Q1 (03 hr(s), 58 min(s), 04 sec(s) ago)
(RTTNews) - Labor productivity in the United Kingdom increased in the first quarter after falling ...Full Story»

Hong Kong Jobless Rate Remains Stable At 3.7% (05 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate held steady in the three months ending in April, lab ...Full Story»

Spain Trade Gap Narrows In March (06 hr(s), 27 min(s), 04 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased in March from a year ago, as exports grew ...Full Story»

Malaysian Inflation Rises To 1.9% In April (07 hr(s), 12 min(s), 04 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation rose further in April to the highest level in ...Full Story»

UK Unemployment Rate Rises To 5.0% (07 hr(s), 45 min(s), 04 sec(s) ago)
(RTTNews) - The UK unemployment rate increased slightly in the three months to March, the Office f ...Full Story»

Japan Industrial Production Falls Less Than Estimated (08 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - Japan's industrial output decreased slightly less than initially estimated at the ...Full Story»