Hong Kong exports rise 11.9% in June with Asia demand surge

Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.

Hong Kong’s merchandise trade surged in June 2025, with total exports rising 11.9% year-on-year to $417.8b and imports climbing 11.1% to $476.7b, according to the Census and Statistics Department (C&SD).

Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.

The figures reflect a continued recovery in trade momentum, building on May’s even stronger gains, when exports and imports grew by 15.5% and 18.9%, respectively.

For the first half of 2025, exports rose 12.5% and imports increased 12.6% over the same period in 2024. The cumulative trade deficit stood at $183.6b, or 7.0% of total imports.

On a seasonally adjusted quarter-on-quarter basis, exports were up 2.8% in Q2 compared to Q1, whilst imports rose 3.9%.

Exports to Asia rose 17.2% in June, with standout growth seen in shipments to Malaysia (+52.6%), the Philippines (+48.3%), Vietnam (+37.6%), mainland China (+18.3%), and India (+12.5%). However, exports to the USA and Netherlands declined by 12.1% and 35.5%, respectively.

On the import side, Hong Kong saw double-digit gains from Vietnam (+50.6%), the UK (+44.7%), mainland China (+17.3%), and Thailand (+15.9%). Imports from Korea plunged 27.1%.

Exports of electrical machinery and parts surged by $35.8b or 20.2% YoY  in June, whilst office and data processing machines increased by $4.7b or 10.4%.

Imports of similar goods mirrored that trend, with electrical machinery imports up $28.4b (+14.6%) and telecommunications equipment rising $8.3b (+17.7%).

For the first half of 2025, office and data processing machine exports soared 55.4% to $129.7b, and imports surged 65.2% to $120.0b.