Hong Kong’s trade deficit widened to $29.5 billion in April 2026 from $16 billion in the same month a year earlier, though it remained the smallest gap since January. Exports surged 42.9% year-on-year to a record $620.9 billion, driven by strong shipments of electrical machinery, apparatus and appliances, and electrical parts thereof (49.5%), as well as telecommunications and sound recording and reproducing apparatus and equipment (54.6%). Exports to Asia jumped 43.7%, while shipments to other major destinations also rose sharply, including the US (37.5%) and the UK (88.8%). Meanwhile, imports climbed 44.4% to $650.4 billion, supported by higher purchases of electrical machinery, apparatus and appliances, and electrical parts thereof (46.8%), telecommunications and sound recording and reproducing apparatus and equipment (62.1%), and miscellaneous manufactured articles (95.4%). Imports increased most from Mainland China (46.8%), the UK (80.5%), and South Korea (117.4%).