Hong Kong: In December 2025, the overall value of exports and imports increased by 26.1% and 30.6% respectively compared to the same period last year.

According to the statistics released by the Hong Kong government's Census and Statistics Department today (January 27), the external merchandise trade statistics for December 2025 show that both the value of Hong Kong's overall exports and imports recorded year-on-year increases, with a 26.1% increase in exports and a 30.6% increase in imports compared to the same period in 2024. Following an 18.8% year-on-year increase in November 2025, the overall export value of goods in December 2025 was HK$512.8 billion, an increase of 26.1% compared to the same month in 2024. At the same time, following an 18.1% year-on-year increase in November 2025, the import value of goods in December 2025 was HK$576 billion, an increase of 30.6% compared to the same month in 2024. The trade deficit recorded in December 2025 was HK$63.3 billion, equivalent to 11.0% of the value of imported goods. Overall, the value of Hong Kong's overall export of goods increased by 15.4% in 2025 compared to 2024. Meanwhile, the value of imported goods increased by 15.5%. A trade deficit of HK$44.66 billion was recorded in 2025, equivalent to 7.9% of the value of imported goods. Seasonally adjusted figures show that in the fourth quarter of 2025, the overall export value of goods increased by 5.2% compared to the previous quarter. Meanwhile, the import value of goods increased by 6.7%. Analysis by Country/Region In December 2025 compared to the same month in 2024, the overall export value of goods to Asia increased by 26.6%. Within this region, the export value to some major destinations recorded increases, especially Malaysia (up 138.6%), Thailand (up 76.6%), Taiwan (up 72.7%), Singapore (up 30.4%), Vietnam (up 29.4%), and Mainland China (up 24.9%). Outside of Asia, the export value to some major destinations also increased, especially Switzerland (up 48.8%) and the United States (up 47.5%). During the same period, the import value from most major supply sources increased, especially Vietnam (up 164.1%), the UK (up 41.6%), Mainland China (up 33.9%), Taiwan (up 30.8%), Japan (up 18.0%), and Singapore (up 17.2%). In 2025 as a whole compared to 2024, the overall export value to most major destinations increased, especially to Malaysia (up 61.6%), Vietnam (up 50.5%), Taiwan (up 43.6%), Mainland China (up 16.7%), and Japan (up 13.5%). During the same period, the import value from most major supply sources increased, especially from Vietnam (up 97.1%), the UK (up 43.7%), Taiwan (up 20.0%), Malaysia (up 18.3%), Mainland China (up 16.2%), and Singapore (up 11.7%). Analysis by Major Commodity Categories In December 2025 compared to the same month in 2024, the overall export value of most major commodity categories recorded increases, especially in "electrical machinery, equipment, and parts" (an increase of HK$60.8 billion, up 30.7%) and "communication, recording, and sound equipment and instruments" (an increase of HK$21.2 billion, up 46.8%). During the same period, the import value of most major commodity categories recorded increases, especially in "electrical machinery, equipment, and parts" (an increase of HK$58.1 billion, up 27.9%) and "communication, recording, and sound equipment and instruments" (an increase of HK$29.5 billion, up 59.6%). In 2025 as a whole compared to 2024, the overall export value of most major commodity categories recorded increases, especially in "electrical machinery, equipment, and parts" (an increase of HK$376.2 billion, up 17.2%) and "office machines and automatic data processing equipment" (an increase of HK$135 billion, up 24.9%). During the same period, the import value of most major commodity categories recorded increases, especially in "electrical machinery, equipment, and parts" (an increase of HK$392.6 billion, up 17.9%), "communication, recording, and sound equipment and instruments" (an increase of HK$135.8 billion, up 24.6%), and "office machines and automatic data processing equipment" (an increase of HK$130.8 billion, up 29.3%). A government spokesperson stated that the value of exports of goods accelerated significantly towards the end of 2025, with a sharp increase of 26.1% year-on-year in December. For the full year of 2025, the value of exports of goods increased significantly by 15.4% to a historical high of HK$5.24 trillion. Exports to Mainland China continued to rise significantly, while exports to ASEAN economies showed strong growth. Exports to the United States recorded considerable growth, while exports to the EU declined slightly. By commodity category, exports of most major commodities increased significantly, especially in electrical equipment, machinery, and mechanical appliances. The spokesperson stated that looking ahead, the global economy continues to expand moderately, and the closer economic and trade ties between Hong Kong and emerging markets, along with strong global demand for AI-related electronic products, will support Hong Kong's trade performance. The government will continue to remain vigilant against various uncertainties.