The Census and Statistics Department (C&SD) released today (July 27) the external merchandise trade statistics for June 2026. In June 2026, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year increases, at 53.4% and 45.4% respectively.

In June 2026, the value of total exports of goods increased by 53.4% over a year earlier to $641.1 billion, after a year-on-year increase by 40.8% in May 2026. Concurrently, the value of imports of goods increased by 45.4% over a year earlier to $693.0 billion in June 2026, after a year-on-year increase by 42.0% in May 2026. A visible trade deficit of $52.0 billion, equivalent to 7.5% of the value of imports of goods, was recorded in June 2026.

For the first half of 2026 as a whole, the value of total exports of goods increased by 39.1% over the same period in 2025. Concurrently, the value of imports of goods increased by 40.6%. A visible trade deficit of $294.6 billion, equivalent to 7.9% of the value of imports of goods, was recorded in the first half of 2026.

Comparing the second quarter of 2026 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods increased by 13.8%. Meanwhile, the value of imports of goods increased by 9.0%.

Analysis by country/territory

Comparing June 2026 with June 2025, total exports to Asia as a whole grew by 54.4%. In this region, increases were registered in the values of total exports to most major destinations, in particular Singapore (+83.0%), Taiwan (+79.9%), Chinese Mainland (the Mainland) (+59.2%), Vietnam (+55.9%) and Thailand (+52.3%).

Apart from destinations in Asia, increases were registered in the values of total exports to most major destinations in other regions, in particular the USA (+114.3%) and Mexico (+94.2%).

Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Korea (+176.7%), Vietnam (+106.8%), India (+95.4%), Malaysia (+62.4%) and the Mainland (+41.0%).

Comparing the first half of 2026 with the same period in 2025, increases were registered in the values of total exports to most major destinations, in particular Singapore (+90.1%), Taiwan (+68.8%), the USA (+57.8%), Thailand (+53.9%), the United Arab Emirates (+53.8%) and the Mainland (+42.4%).

Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Korea (+117.8%), India (+104.6%), Vietnam (+91.8%), the United Kingdom (+85.0%) and the Mainland (+44.4%).

Analysis by major commodity

Comparing June 2026 with June 2025, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $121.8 billion or +57.2%), “office machines and automatic data processing machines” (by $45.9 billion or +93.2%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $32.8 billion or +69.9%).

Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $120.7 billion or +54.2%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $37.4 billion or +67.3%) and “office machines and automatic data processing machines” (by $24.6 billion or +53.6%).

Comparing the first half of 2026 with the same period in 2025, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $560.9 billion or +47.7%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $156.7 billion or +58.2%) and “office machines and automatic data processing machines” (by $122.6 billion or +33.7%).

Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $557.6 billion or +47.0%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $204.0 billion or +71.5%) and “non-ferrous metals” (by $93.0 billion or +197.8%).

Commentary

A Government spokesman said that merchandise exports continued to surge in June. The value of merchandise exports grew by 53.4% over a year earlier, as global demand for AI-related electronic products stayed strong. Exports to most major markets continued to increase markedly.

Looking ahead, the robust demand for AI-related electronic products globally should render continued support to Hong Kong’s merchandise trade performance. Yet, the recent re-escalation of geopolitical tensions in the Middle East deserves attention. The Government will continue to closely monitor the situation for any implications on export performance.