Hong Kong’s trade deficit widened to $71.2 billion in August 2026 from $25.4 billion a year earlier, marking the largest shortfall since March. Imports surged 60% year-on-year to a record $739.1 billion, driven by electrical machinery, apparatus and appliances, including electrical parts thereof, which rose 64.5%, and telecommunications and sound recording and reproducing apparatus and equipment, which increased 50.4%. Imports from Mainland China rose 54.1%, while those from South Korea jumped 265.8%. Exports increased 53% to $667.9 billion, accelerating from 50.7% in July. Growth was led by electrical machinery and related parts, office machines and automatic data processing machines, power-generating machinery and equipment, and non-ferrous metals. Exports to Asia rose 59.2%, led by Mainland China, Malaysia and Vietnam, while shipments to Mexico and the US climbed 68.8% and 64.2%, respectively. Hong Kong’s trade deficit totaled $371.2 billion in the first eight months of 2026.