The Census and Statistics Department (C&SD) released today (July 28) the external merchandise trade statistics for June 2025. In June 2025, the values of Hong Kong's total exports and imports of goods both recorded year-on-year increases, at 11.9% and 11.1% respectively.
 
     In June 2025, the value of total exports of goods increased by 11.9% over a year earlier to $417.8 billion, after a year-on-year increase by 15.5% in May 2025. Concurrently, the value of imports of goods increased by 11.1% over a year earlier to $476.7 billion in June 2025, after a year-on-year increase by 18.9% in May 2025. A visible trade deficit of $58.9 billion, equivalent to 12.4% of the value of imports of goods, was recorded in June 2025.
 
     For the first half of 2025 as a whole, the value of total exports of goods increased by 12.5% over the same period in 2024.  Concurrently, the value of imports of goods increased by 12.6%. A visible trade deficit of $183.6 billion, equivalent to 7.0% of the value of imports of goods, was recorded in the first half of 2025.
 
     Comparing the second quarter of 2025 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods increased by 2.8%. Meanwhile, the value of imports of goods increased by 3.9%.
 
Analysis by country/territory
 
     Comparing June 2025 with June 2024, total exports to Asia as a whole grew by 17.2%. In this region, increases were registered in the values of total exports to most major destinations, in particular Malaysia (+52.6%), the Philippines (+48.3%), Vietnam (+37.6%), the mainland of China (the Mainland) (+18.3%) and India (+12.5%).  On the other hand, a decrease was recorded in the value of total exports to Korea (-10.9%).
 
     Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the Netherlands (-35.5%) and the USA (-12.1%).
 
     Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+50.6%), the United Kingdom (+44.7%), the Mainland (+17.3%) and Thailand (+15.9%). On the other hand, a decrease was recorded in the value of imports from Korea (-27.1%).
 
     For the first half of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+54.4%), Malaysia (+34.6%), Taiwan (+33.0%), the Mainland (+18.0%) and Japan (+17.5%). On the other hand, a decrease was recorded in the value of total exports to the United Arab Emirates (-23.6%).
 
     Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+70.7%), the United Kingdom (+53.8%), Taiwan (+39.8%), Malaysia (+28.3%) and the Mainland (+10.8%). On the other hand, a decrease was recorded in the value of imports from Korea (-21.0%).
 
Analysis by major commodity
 
     Comparing June 2025 with June 2024, increases were registered in the values of total exports of some principal commodity divisions, in particular "electrical machinery, apparatus and appliances, and electrical parts thereof" (by $35.8 billion or +20.2%) and "office machines and automatic data processing machines" (by $4.7 billion or +10.4%). 
 
     Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular "electrical machinery, apparatus and appliances, and electrical parts thereof" (by $28.4 billion or +14.6%) and "telecommunications and sound recording and reproducing apparatus and equipment" (by $8.3 billion or +17.7%).
 
     For the first half of 2025 as a whole, increases were registered in the values of total exports of some principal commodity divisions, in particular "electrical machinery, apparatus and appliances, and electrical parts thereof" (by $139.2 billion or +13.4%) and "office machines and automatic data processing machines" (by $129.7 billion or +55.4%).
 
     Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular "electrical machinery, apparatus and appliances, and electrical parts thereof" (by $151.2 billion or +14.6%) and "office machines and automatic data processing machines" (by $120.0 billion or +65.2%).
 
Commentary
 
     A Government spokesman said that merchandise exports performance remained resilient in June. The value of merchandise exports grew noticeably further by 11.9% over a year earlier. Exports to the Mainland and most other Asian markets continued to expand visibly, while those to the United States and the European Union fell.
 
     Looking ahead, the sustained steady growth in various Asian economies in particular the Mainland economy, as well as Hong Kong's enhanced economic and trade ties with different markets, should continue to support merchandise trade performance.  Nonetheless, the outlook of global trade policy is still uncertain. The Government will continue to monitor the situation closely and stay vigilant.
 
Further information
 
     Table 1 presents the analysis of external merchandise trade statistics for June 2025. Table 2 presents the original monthly trade statistics from January 2022 to June 2025, and Table 3 gives the seasonally adjusted series for the same period.
 
     The values of total exports of goods to 10 main destinations for June 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
 
     Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for June 2025.
 
     All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for June 2025 will be released in mid-August 2025.
 
     The June 2025 issue of "Hong Kong External Merchandise Trade" contains detailed analysis on the performance of Hong Kong’s external merchandise trade in June 2025 and will be available in early August 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230).
 
     Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).

Ends/Monday, July 28, 2025
Issued at HKT 16:30

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