The value of Hong Kong’s total exports of goods rose 18.8 percent year-on-year to HK$468.9 billion ($60.32 billion) in November, after increasing 17.5 percent year-on-year the previous month, official data showed on Monday.

The value of the special administrative region’s imports of goods also went up 18.1 percent year-on-year to HK$517.4 billion last month, according to the Census and Statistics Department.

A visible trade deficit of HK$48.5 billion, equivalent to 9.4 percent of the value of imports, was recorded in November, it added.

For the first 11 months of 2025, the value of total exports of goods increased by 14.3 percent over the same period in 2024 while the value of imports of goods increased by 14.1 percent.

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A visible trade deficit of HK$382.8 billion, equivalent to 7.5 percent of the value of imports of goods, was recorded in the first 11 months of this year.

According to the department, total exports to Asia as a whole grew by 17.1 percent.

Increases were registered in the values of total exports to Malaysia (+72.0 percent), Vietnam (+54.9 percent), Taiwan region (+45.3 percent), Thailand (+39.6 percent) and the Chinese mainland (+16.4 percent).

An HKSAR government spokesman said that the value of merchandise exports “continued to show a strong performance.”

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Exports to most major markets showed further robust growth while exports of most major commodities rose visibly, particularly for exports of electrical equipment, machinery and mechanical appliances.

Looking ahead, sustained moderate global economic growth and persistent demand for electronic-related products will underpin Hong Kong's merchandise trade growth in the near term, the spokesman said.  

The HKSAR government will continue its efforts to enhance economic and trade ties with different markets, and stay vigilant to the "developments of various uncertainties" in the external environment, he added.