Hong Kong's trade deficit widened sharply to HKD 44.2 billion in May 2026 from HKD 27.3 billion in the same month a year earlier. Imports surged 42.0% year-on-year to HKD 655.4 billion, driven by higher purchases of electrical machinery, apparatus and appliances and related parts (51.6%), telecommunications and sound recording equipment (61.2%), and office machines and automatic data-processing equipment (44.5%). Imports grew the most from Mainland China (51.2%), followed by Taiwan (20.3%), Singapore (24.7%), and Vietnam (76.5%). Meanwhile, exports rose 40.8% from a year earlier to a three-month low of HKD 611.2 billion, supported by robust demand for electrical machinery, apparatus and appliances and related parts (56.1%), office machines and automatic data-processing equipment (50.2%), and telecommunications and sound recording equipment (37.6%). Exports to Asia expanded 44.6%, while sales to other major markets, such as the UK (61.7%) and the US (55.7%), also strengthened.