FX.co ★ Hong Kong’s Trade Deficit Narrows Sharply in January 2026

Hong Kong’s trade balance showed a marked improvement at the start of 2026, with the deficit shrinking to HKD 14.1 billion in January 2026. This represents a substantial narrowing from the previous month’s shortfall of HKD 63.3 billion recorded in December 2025.

The latest figures, updated on 27 February 2026, indicate a significant shift in the external trade position over a single month. While the trade balance remains in negative territory, the steep reduction in the deficit suggests a notable change in the balance between exports and imports compared with the end of 2025. Investors and analysts will be watching subsequent releases closely to see whether January’s improvement marks the start of a more sustained trend in Hong Kong’s trade performance.