Hong Kong's exports rose 33.8% year over year to HK$520.6 billion in January, while imports grew 38.1% to HK$534.7 billion, figures released by the statistics department on Friday showed.

A visible trade deficit of HK$14.1 billion, equivalent to 2.6% of the value of imports of goods, was seen in the month.

The increases seen in January were higher than the 26.1% jump in exports and 30.6% boost in imports recorded in December 2025.

Exports increased to major destinations year over year, including Taiwan, Malaysia, Mainland China, Singapore, Thailand, and Vietnam.

Imports from Vietnam, India, Korea, Mainland China, and Singapore also logged increases.