11月份香港整体出口和进口货值分别同比上升18.8%和18.1%

Core Viewpoint - Hong Kong's overall export and import values showed year-on-year increases in November 2025, with exports rising by 18.8% and imports by 18.1% compared to November 2024 [1] Group 1: Trade Statistics - In November 2025, the total export value reached HKD 468.9 billion, marking an 18.8% increase from the same month in 2024 [1] - The total import value for November 2025 was HKD 517.4 billion, reflecting an 18.1% increase year-on-year [1] - The trade deficit for November 2025 was HKD 48.5 billion, equivalent to 9.4% of the import value [1] - For the first 11 months of 2025, total export value increased by 14.3% compared to the same period in 2024, while total import value rose by 14.1% [1] - The trade deficit for the first 11 months of 2025 was HKD 382.8 billion, representing 7.5% of the import value [1] - Seasonally adjusted figures indicated a 1.4% increase in total export value and a 2.8% increase in total import value for the three months ending November 2025 compared to the previous three months [1] Group 2: Regional Analysis - In November 2025, exports to Asia increased by 17.1%, with significant rises to Malaysia (72.0%), Vietnam (54.9%), Taiwan (45.3%), Thailand (39.6%), and mainland China (16.4%) [2] - Exports to the US and the Netherlands also saw substantial increases of 44.4% and 36.4%, respectively [2] - Import values from major suppliers rose, particularly from Vietnam (102.3%), mainland China (25.0%), Malaysia (21.1%), the UK (19.7%), and the US (17.8%) [2] - For the first 11 months of 2025, exports to Malaysia increased by 55.1%, Vietnam by 52.9%, Taiwan by 40.5%, mainland China by 15.8%, and Japan by 13.7% [2] Group 3: Product Category Analysis - In November 2025, the export value of "electrical machinery, instruments, and appliances" rose by HKD 31.5 billion (15.9%), and "communication, recording, and sound equipment" increased by HKD 16.4 billion (36.8%) [4] - Import values for these categories also increased, with "electrical machinery, instruments, and appliances" rising by HKD 34.1 billion (16.9%) and "communication, recording, and sound equipment" by HKD 16.8 billion (34.3%) [4] - For the first 11 months of 2025, exports of "electrical machinery, instruments, and appliances" increased by HKD 315.5 billion (15.9%), and "office machines and automatic data processing machines" rose by HKD 129 billion (26.6%) [4] - Import values for these categories also saw significant increases, with "electrical machinery, instruments, and appliances" up by HKD 334.7 billion (16.8%) and "office machines and automatic data processing machines" up by HKD 112.9 billion (27.7%) [4] Group 4: Commentary and Outlook - A government spokesperson noted the strong performance of export values, which rose by 18.8% in November, with growth in most markets [5] - The outlook suggests that moderate global economic growth and strong demand for electronic products will support Hong Kong's trade growth in the short term [6] - The government aims to strengthen trade relations with various markets while remaining vigilant about external uncertainties [6]