10月香港整体出口和进口货值同比分别上升17.5%和18.3%

Core Insights - Hong Kong's overall export and import values recorded year-on-year increases in October 2025, with exports rising by 17.5% and imports by 18.3% [1] - The trade deficit for October 2025 was HKD 39.9 billion, equivalent to 8.0% of the import value [1] - For the first ten months of 2025, exports increased by 13.8% and imports by 13.6% compared to the same period in 2024, resulting in a trade deficit of HKD 334 billion, or 7.3% of imports [1] By Country/Region Analysis - In October 2025, exports to Asia increased by 15.6%, with significant growth to Malaysia (up 139.4%), Vietnam (up 56.0%), Taiwan (up 50.2%), India (up 31.8%), and mainland China (up 9.8%) [2] - Exports to other regions also saw increases, particularly to the Netherlands (up 56.8%) and the United States (up 40.5%) [2] - For the first ten months of 2025, exports to major destinations rose, especially to Malaysia (up 53.7%), Vietnam (up 52.8%), Taiwan (up 40.0%), mainland China (up 15.8%), and Japan (up 14.1%) [2] By Major Product Category Analysis - In October 2025, most major product categories saw export value increases, particularly electrical machinery, instruments, and parts (up HKD 30.3 billion, or 16.1%) and communication, recording, and sound equipment (up HKD 17.6 billion, or 35.7%) [4] - Import values also increased for major categories, especially electrical machinery, instruments, and parts (up HKD 40.6 billion, or 21.5%) and communication, recording, and sound equipment (up HKD 23.2 billion, or 45.5%) [4] - For the first ten months of 2025, significant export increases were noted in electrical machinery, instruments, and parts (up HKD 284 billion, or 15.9%) and office machines and automatic data processing equipment (up HKD 122.3 billion, or 28.0%) [4] Future Outlook - The global economy is expected to maintain moderate growth, with reduced uncertainty in external trade policies and sustained demand for electronic products likely benefiting Hong Kong's trade in the short term [5] - The government is committed to strengthening economic ties with various markets, which will continue to support trade growth [5] - Ongoing trade barriers remain a concern, and the government will remain vigilant [5]