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Hong Kong Imports YoY
Hong Kong imports primarily machinery and transport equipment (which account for 66% of overall imports), miscellaneous manufactured products (which account for 14%), manufactured goods (9%), and food and animals (4%). China (47% of total imports), Taiwan (8%), and Singapore (7%) are the top three import partners. Japan, South Korea, and the United States are among the other trading partners of Hong Kong.
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 Budget Focuses On Spending Cuts, Promoting AI
Hong Kong Financial Secretary Paul Chan unveiled the budget on Wednesday that largely focused on government spending cuts with minimal impact on people's livelihood and underscored the importance of artificial intelligence to enhance competitive edge. The government estimated a consolidated deficit of HK$87.2 billion for 2024-25, which was smaller than the HK$100 billion previous projection.
RTTNews | 60 days ago
Hong Kong PMI Ebbs In January - S&P Global
The private sector in Hong Kong continued to expand in January, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a PMI score of 51.0.
RTTNews | 81 days ago
Hong Kong Private Sector Ebbs In December - S&P Global
The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1.
RTTNews | 111 days ago
