Hong Kong's Census and Statistics Department announced that in May 2025, the values of Hong Kong's total exports and imports of goods both recorded YoY increases at 15.5% and 18.9% respectively, compared to the YoY growth of 12.5% and 13% as expected by the market. In May 2025, the value of total exports of goods increased by 15.5% YoY to HKD434.1 billion, after a YoY increase by 14.7% in April 2025. Concurrently, the value of imports of goods increased by 18.9% YoY to HKD461.4 billion in May 2025, after a YoY increase by 15.8% in April 2025. A visible trade deficit of HKD27.3 billion, equivalent to 5.9% of the value of imports of goods, was recorded in May 2025.