Hong Kong Balance of Trade
Hong Kong has been running trade deficits due to the fact that imports have outpaced exports in economic development, since the late 1990s. Electrical machinery, apparatus, and appliances, as well as telecommunications and sound equipment, as well as automatic data processing devices, account for the vast majority of Hong Kong's exports. It imports primarily machinery and transport equipment, miscellaneous manufactured articles, manufactured goods, food, and live animals. China is the country's most significant trading partner (40% of total exports and 47% of total imports). Japan, Singapore, Taiwan, and the United States are among the countries that have joined the partnership.
A higher than expected figure should be seen as positive (bullish) for the HKD while a lower than expected figure should be seen as negative (bearish) for the HKD.
News (HKD)
Hong Kong Private Sector PMI Slips In April - S&P Global
The private sector in Hong Kong continued to expand in April, although at a slower pace, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.6.
RTTNews | 2 days ago
Hong Kong Private Sector Swings To Expansion - S&P Global
The private sector in Hong Kong moved into expansion in March, the latest survey from S&P Global revealed on Friday with a PMI score of 50.9.
RTTNews | 33 days ago
Hong Kong Private Sector Slumps In February - S&P Global
The private sector in Hong Kong continued to contract in February, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a PMI score of 49.7.
RTTNews | 64 days ago
