Hong Kong’s current account surplus narrowed to HKD 36.4 billion in the first quarter of 2026, narrowing for the third consecutive quarter, down from HKD 124.0 billion in the same period a year earlier. The deterioration was primarily driven by a substantial widening of the goods account deficit to HKD 92.8 billion, compared with HKD 3.4 billion a year earlier. This was partly offset by higher net primary income inflows, which increased to HKD 81.8 billion from HKD 79.7 billion, as primary income inflows and outflows totaled HKD 529.6 billion and HKD 447.8 billion, respectively. Meanwhile, the services account surplus edged down to HKD 53.3 billion from HKD 54.7 billion, while the secondary income deficit narrowed slightly to HKD 5.8 billion from HKD 6.3 billion.