7月香港整体出口和进口货值同比分别上升14.3%和16.5%

Core Viewpoint - Hong Kong's overall export and import values showed year-on-year increases in July 2025, with exports rising by 14.3% and imports by 16.5% compared to July 2024 [1] Trade Performance - In July 2025, the total export value reached HKD 446.3 billion, up 14.3% from the same month in 2024, while the total import value was HKD 480.4 billion, reflecting a 16.5% increase [1] - The tangible trade deficit for July 2025 was HKD 34.1 billion, equivalent to 7.1% of the import value [1] - For the first seven months of 2025, total export value increased by 12.7% and total import value rose by 13.2% compared to the same period in 2024, resulting in a tangible trade deficit of HKD 218.6 billion, or 7.0% of the import value [1] Regional Analysis - In July 2025, exports to Asia increased by 19.3%, with significant rises to Taiwan (91.9%), Malaysia (80.7%), Singapore (42.5%), Vietnam (42.1%), the Philippines (16.5%), and mainland China (16.1%) [2] - Imports from major supply regions also saw increases, particularly from Vietnam (129.3%), Thailand (33.1%), Singapore (28.7%), the UK (24.8%), Japan (22.3%), and mainland China (16.3%) [2][3] - For the first seven months of 2025, exports to Vietnam rose by 52.4%, Malaysia by 41.4%, Taiwan by 40.7%, mainland China by 17.7%, and Japan by 14.8% [2] Product Category Analysis - In July 2025, significant increases in export values were noted for electric machinery, instruments, and parts (up HKD 41.9 billion, 22.8%) and communication, recording, and sound equipment (up HKD 14.9 billion, 32.0%) [4] - Import values also rose for electric machinery, instruments, and parts (up HKD 39.6 billion, 21.9%) and communication, recording, and sound equipment (up HKD 22.2 billion, 49.8%) [4] - For the first seven months of 2025, electric machinery, instruments, and parts saw an increase of HKD 180.6 billion (14.8%), while office machines and automatic data processing equipment rose by HKD 127.4 billion (44.4%) in export values [4] Future Outlook - The steady growth of the mainland economy and closer economic ties with various markets are expected to support Hong Kong's trade performance [5] - However, high tariffs and uncertainties in U.S. trade policies may impact international trade flows in the short term [5]