Hong Kong SAR (China) - Real Net Exports

Hong Kong SAR (China): Real Net Exports

Mnemonic NETEX$.IHKG
Unit Mil. Ch. 2018 HKD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.89 %
Data 2021 Q1 104,041
2020 Q4 106,040

Series Information

Source Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)
Release National accounts
Frequency Quarterly
Start Date 3/31/1974
End Date 3/31/2021

Hong Kong SAR (China): Trade

Reference Last Previous Units Frequency
Balance of Goods Mar 2022 -37,262 -32,108 Mil. HKD, NSA Monthly
Exports of Goods Mar 2022 372,767 313,790 Mil. HKD, NSA Monthly
Imports of Goods Mar 2022 410,029 345,898 Mil. HKD, NSA Monthly
Current Account Balance 2021 Q4 96,086 95,511 Mil.HKD, NSA Quarterly
Exports of Goods and Services 2021 Q1 107,248 112,236 Mil. HKD, NSA Quarterly
Imports of Goods and Services 2021 Q1 -2.4 -25.2 Mil. HKD, NSA Quarterly
Net Exports 2021 Q1 107,250 112,261 Mil. HKD, NSA Quarterly
Real Exports of Goods and Services 2021 Q1 104,037 106,015 Mil. Ch. 2018 HKD, NSA Quarterly
Real Imports of Goods and Services 2021 Q1 -3.6 -25.2 Mil. Ch. 2018 HKD, NSA Quarterly
Real Net Exports 2021 Q1 104,041 106,040 Mil. Ch. 2018 HKD, NSA Quarterly

Release Information

Quarterly national accounts for Hong Kong SAR; detailed expenditure and production approaches; in current and constant prices; with levels, growth and deflators. Quarterly from 2000.


  • National accounts framework: UN SNA 2008
  • Industry classification: HSIC 2.0
  • Measurements:
    • Millions of Hong Kong dollars at chained year-2018 prices (Mil. Ch. 2018 HKD)
    • Fixed-base index relative to 2018 (Index 2018=100)
    • Quarter-over-quarter percent change (% Q/Q)
    • Year-over-year percent change (% Y/Y)
  • Adjustments:
    • Seasonally adjusted (SA) 
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 1973Q1


  • At 2017 prices
  • At 2016 prices
  • At 2012 prices, HSIC 1.1
  • At 2011 prices, HSIC 1.1
  • At 2008 prices, HSIC 1.1

Gross Domestic Product is a measure of the total cost of production of all occupant producing units of a country or territory in a stated period, before subtracting allowance for consumption of fixed capital.

Per capita GDP of a country or territory is found by dividing total GDP in a year by the population of that country or territory in the identical year.

GDP can be measured using alternate methods. For Hong Kong, GDP is collected using the expenditure approach and the production approach.

For chained prices, the currency reference year is updated every year. As of 2019 it is 2017.

Collection of GDP through the expenditure approach is the total final expenditures on goods and services (including private consumption expenditure, government consumption expenditure, gross domestic fixed capital formation, changes in inventories and exports of goods and services), minus imports of goods and services.

The collection structure of GDP and Gross National Income (GNI) agrees fundamentally with the global principles as specified in the System of National Accounts 2008 (2008 SNA). GDP by expenditure component at current market prices and in volume terms are collected. Modifications in "volume measure of GDP" (also denoted as changes in real terms) mirror modifications in the volumes of goods and services produced or purchased from one period to another.

Moody's Analytics supplements

We compute certain identities in NSA terms. We compute seasonally adjusted counterparts for level series. (Percent-change and deflator series are reported in SA terms by HKSARG.)

Revisions sometimes are produced by the source in future quarterly releases. These revisions are captured in the database.

For chained prices, the currency reference year is updated annually.

In calculating the year-on-year growth rate of private consumption expenditure (PCE) for 1992, the 1991 figures was adjusted to exclude the expenditure of ex-subvented hospitals (now called public hospitals). This is because, after the establishment of the Hospital Authority, ex-subvented hospitals started to function as instruments of the government to implement the provision of subsidised hospital services to the general public. In this regard, ex-subvented hospitals, which were previously classified as PCE, are now classified as government consumption services (GCE). The adjustment to the PCE figure for 1991 is for comparability with the figure for 1992. This avoids any distortion of the year-on-year growth rates due to the change in classification. For details, see paragraphs 3.26 and 3.27 of the annual GDP report at http://www.censtatd.gov.hk/hkstat/sub/sp250.jsp?productCode=B1030002

Further reading

At the source: