9月25日，香港政府统计处发表的对外商品贸易统计数字显示，2025年八月份香港整体出口和进口货值 均录得同比升幅，分别上升14.5%和11.5%。继2025年七月份录得14.3%的同比升幅后，2025年八月份商 品整体出口货值为4366亿港元，较2024年同月上升14.5%。同时，继2025年七月份录得16.5%的同比升 幅后，2025年八月份商品进口货值为4620亿港元，较2024年同月上升11.5%。2025年八月份录得有形贸 易逆差254亿港元，相等于商品进口货值的5.5%。 2025年首八个月的商品整体出口和进口货值均较2024年同期上升13.0%。2025年首八个月录得有形贸易 逆差2433亿港元，相等于商品进口货值的6.8%。 经季节性调整的数字显示，截至2025年八月止的三个月与对上三个月比较，商品整体出口货值下跌 2.9%。同时，商品进口货值下跌2.0%。 2025年首八个月与2024年同期比较，输往大部分主要目的地的整体出口货值录得升幅，尤其是越南(升 52.7%)、马来西亚(升45.3%)、中国台湾省(升39.8%)、中国内地(升16.4%)和日本(升15.0%)。另一方面， 输往阿拉伯联 ...

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]

Core Insights - Hong Kong's overall export and import values both recorded year-on-year increases in June 2025, with exports rising by 11.9% and imports by 11.1% [1] - The trade deficit for June 2025 was HKD 58.9 billion, equivalent to 12.4% of the import value [1] - For the first half of 2025, overall export value increased by 12.5% compared to the same period in 2024, while import value rose by 12.6% [1] By Country/Region Analysis - In June 2025, exports to Asia increased by 17.2%, with significant rises to Malaysia (52.6%), the Philippines (48.3%), Vietnam (37.6%), mainland China (18.3%), and India (12.5%) [2] - Conversely, exports to South Korea decreased by 10.9%, and exports to the Netherlands and the United States also saw declines of 35.5% and 12.1%, respectively [2] - For the first half of 2025, exports to Vietnam surged by 54.4%, Malaysia by 34.6%, and Taiwan by 33.0% [2] By Major Product Category Analysis - In June 2025, significant increases in export values were noted for "electrical machinery, instruments, and apparatus" (up HKD 35.8 billion, 20.2%) and "office machines and automatic data processing equipment" (up HKD 4.7 billion, 10.4%) [4] - Import values for the same categories also rose, particularly for "electrical machinery, instruments, and apparatus" (up HKD 28.4 billion, 14.6%) and "communication, recording, and sound equipment" (up HKD 8.3 billion, 17.7%) [4] - For the first half of 2025, exports of "electrical machinery, instruments, and apparatus" increased by HKD 139.2 billion (13.4%), while "office machines and automatic data processing equipment" saw a remarkable rise of HKD 129.7 billion (55.4%) [4] Comments - The Hong Kong government spokesperson noted that the export performance in June remained robust, with a significant year-on-year growth of 11.9% [5] - Exports to mainland China and most other Asian markets continued to expand significantly, while exports to the US and EU declined [5] Future Outlook - The steady growth of the mainland economy and the increasingly close economic ties between Hong Kong and various markets are expected to support trade performance [6] - However, the global trade policy outlook remains uncertain, prompting the Hong Kong government to monitor the situation closely [6]

Core Insights - Hong Kong's overall export value in May 2025 reached HKD 434.1 billion, reflecting a year-on-year increase of 15.5% [1] - The overall import value for the same month was HKD 461.4 billion, showing an 18.9% year-on-year rise [1] - The tangible trade deficit for May 2025 was HKD 27.3 billion, equivalent to 5.9% of the import value [1] - For the first five months of 2025, the overall export value increased by 12.6%, while the import value rose by 12.9% [1] By Country/Region Analysis - In May 2025, exports to Asia increased by 21.8%, with significant rises to Japan (96.2%), Malaysia (55.3%), Taiwan (54.8%), Vietnam (41.2%), India (35.1%), and Mainland China (17.6%) [2] - Conversely, exports to South Korea decreased by 25.6% [2] - Exports to the UK and the US saw declines of 52.0% and 18.4%, respectively [2] - Imports from Vietnam surged by 67.3%, while imports from South Korea fell by 19.6% [3] By Major Product Category Analysis - In May 2025, the export value of "electrical machinery, instruments, and apparatus" increased by HKD 27.4 billion (15.5%), and "office machines and automatic data processing machines" rose by HKD 18.9 billion (44.9%) [4] - The import value for "electrical machinery, instruments, and apparatus" increased by HKD 40.4 billion (23.7%), and "office machines and automatic data processing machines" surged by HKD 21.7 billion (69.4%) [4] - For the first five months of 2025, "office machines and automatic data processing machines" exports rose by HKD 125.1 billion (66.1%), while "electrical machinery, instruments, and apparatus" exports increased by HKD 103.3 billion (12.0%) [4]

Core Insights - Hong Kong's overall export and import values recorded year-on-year increases in April 2025, with exports rising by 14.7% and imports by 15.8% compared to April 2024 [1] - The trade deficit for April 2025 was HKD 16 billion, equivalent to 3.6% of the import value [1] - For the first four months of 2025, overall export value increased by 11.9% and import value by 11.4% compared to the same period in 2024, resulting in a trade deficit of HKD 96.9 billion, or 5.7% of import value [1] By Country/Region Analysis - In April 2025, exports to Asia increased by 20.8%, with significant rises to Malaysia (61.5%), Vietnam (48.3%), Taiwan (24.1%), mainland China (23.0%), and India (22.5%) [2] - Conversely, exports to South Korea decreased by 26.7% [2] - Imports from major suppliers also saw increases, particularly from Vietnam (107.3%), the UK (59.5%), Taiwan (50.6%), and mainland China (14.8%), while imports from South Korea fell by 21.3% [2][3] By Major Product Category Analysis - In April 2025, significant increases in export values were noted for "electrical machinery, instruments, and apparatus" (increase of HKD 33.5 billion, 18.7%) and "office machines and automatic data processing equipment" (increase of HKD 19.5 billion, 46.0%) [4] - Import values for these categories also rose, with "electrical machinery, instruments, and apparatus" increasing by HKD 29.9 billion (16.8%) and "office machines and automatic data processing equipment" by HKD 19.5 billion (67.1%) [4] - For the first four months of 2025, exports of "office machines and automatic data processing equipment" surged by HKD 106.2 billion (72.1%) and "electrical machinery, instruments, and apparatus" by HKD 76.4 billion (11.2%) [4] Future Outlook - The easing of recent international trade tensions and the steady growth of the mainland economy, along with Hong Kong's efforts to strengthen trade ties with various markets, are expected to support trade performance [5]