2025年8月，对香港的进口同比增长11.5%，达到4620亿美元，低于7月16.5%的增长。来自中国大陆（+12.4%）、台湾（+5.5%）、新加坡（+2.5%），日本（+113.3%）和美国（+0.3%）的采购量显著增加，而来自韩国的进口量下降（-11.5%）。按产品类别划分，发电机械和设备（7月份为37.9%对29.1%）和非金属矿物制品（26.3%对7.1%）的入境出货量加快，而专业、科学和控制仪器仪表的入境出货额则有所反弹（4.1%对-11.9%）。相比之下，电机和零件（15.2%对21.9%）、电信和录音及音响设备（32.4%对49.8%）以及杂项制成品（6.7%对12.4%）的增长放缓，而石油和相关产品的增长进一步下降（-4.2%对-3.4%），办公机器和自动数据处理机的增长逆转为下降（-10.6%对0.7%）。

Imports to Hong Kong rose 11.5% year-on-year to $462.0 billion in August 2025, easing from a 16.5% gain in July. Purchases increased notably from Mainland China (+12.4%), Taiwan (+5.5%), Singapore (+2.5%), Japan (+13.3%), and the US (+0.3%), while imports from Korea declined (-11.5%). By product category, inbound shipments accelerated for power-generating machinery and equipment (37.9% vs 29.1% in July) and non-metallic mineral manufactures (26.3% vs 7.1%), while rebounding in professional, scientific, and controlling instruments and apparatus (4.1% vs -11.9%). In contrast, growth slowed for electrical machinery and parts (15.2% vs 21.9%), telecommunications and sound recording and reproducing equipment (32.4% vs 49.8%), and miscellaneous manufactured articles (6.7% vs 12.4%), while further declining in petroleum and related products (-4.2% vs -3.4%) and reversing to a decline in office machines and automatic data processing machines (-10.6% vs 0.7%).

香港8月出口额为4366亿美元，同比增长14.5%，略高于7月4.3%的增幅。从地区来看，发货量扩大到中国大陆（+8.2%）、美国（+17.3%）、越南（+54.3%）、台湾（+33.7%）、印度（+15.4%）、阿联酋（+32.9%）、日本（+16.2%）和英国（+55.8%），而对韩国的出口下降（-16%）。按产品类别划分，有色金属的增长加快（176.4%对7月份的47.8%），而杂项制成品（21.2%对-5.7%）、专业、科学和控制仪器（15.7%对-0.8%）、非金属矿产品（19.1%对-18.1%）的增长有所回升。相比之下，电机和设备（15.7%对22.8%）、电信和音频设备（23.9%对32.0%）以及发电机械（15.8%对29.9%）的出口增长放缓。

Exports from Hong Kong rose 14.5% year-on-year to $436.6 billion in August, slightly above the14.3% gain in July. Regionally, shipments expanded to Mainland China (+8.2%), the US (+17.3%), Vietnam (+54.3%), Taiwan (+33.7%), India (+15.4%), the UAE (+32.9%), Japan (+16.2%), and the UK (+55.8%), while exports to Korea declined (-16%). By product category, growth accelerated for non-ferrous metals (176.4% vs 47.8% in July), while it rebounded in miscellaneous manufactured articles (21.2% vs -5.7%), professional, scientific, and controlling instruments (15.7% vs -0.8%), non-metallic mineral goods (19.1% vs -18.1%). In contrast, export growth slowed for electrical machinery and equipment (15.7% vs 22.8%), telecommunications and audio equipment (23.9% vs 32.0%), and power-generating machinery (15.8% vs 29.9%).

香港贸易逆差从去年同月的331亿美元收窄至2025年8月的254亿美元。出口同比增长14.5%，达到4366亿美元，主要得益于电机和设备（15.7%）以及电信和音频设备（23.9%）的强劲增长。出口扩大到亚洲和非亚洲市场，特别是美国（+17.3%）、英国（+55.8%）、荷兰（+65.7%）、马来西亚（+73.6%）和越南（+54.3%）。进口增长11.5%，至4620亿美元，其中电机及相关零部件（15.2%）和电信及视听设备（32.4%）的采购量增加。越南（+80.8%）、马来西亚（+114.6%）、日本（+113.3%）、中国大陆（+12.4%）、美国（+0.3%）和台湾（+5.5%）的进口增长最为强劲，而韩国的进口下降（-11.5%）。2025年前八个月，累计贸易逆差达到2433亿美元，进出口同比增长13.0%。

Hong Kong’s trade deficit narrowed to $25.4 billion in August 2025 from $33.1 billion in the same month last year. Exports rose 14.5% year-on-year to $436.6 billion, driven by strong growth in electrical machinery and equipment (15.7%) and telecommunications and audio equipment (23.9%). Exports expanded to both Asian and non-Asian markets, notably the US (+17.3%), UK (+55.8%), Netherlands (+65.7%), Malaysia (+73.6%), and Vietnam (+54.3%). Imports increased 11.5% to $462.0 billion, led by higher purchases of electrical machinery and related parts (15.2%) and telecommunications and audio-visual equipment (32.4%). Import growth was strongest from Vietnam (+80.8%), Malaysia (+14.6%), Japan (+13.3%), the Mainland China (+12.4%), the US (+0.3%), and Taiwan (+5.5%), while imports from Korea declined (-11.5%). For the first eight months of 2025, the cumulative trade deficit reached $243.3 billion, with both exports and imports up 13.0% year-on-year.

周四，恒生指数下跌34点，跌幅0.13%，收于26485点，与前一交易日的反弹有所不同，此前早盘交易疲软。周三，在美联储首选通胀指标美国个人消费支出指数公布之前，华尔街从历史高点回落，扰乱了市场情绪。下周中国国庆节和中秋节之前，交易员也变得谨慎。房地产和金融板块的下跌对基准指数造成了压力，反映了内地股市的疲软，尽管央行采取了6000亿元人民币的一年期MLF操作来维持流动性。尽管如此，香港在超级台风Ragasa过后恢复正常的迹象限制了下行。主要落后者包括联想集团（-4.0%）、旺旺中国（-3.3%）、中国虹桥集团（-3.1%）和招金矿业（-2.5%）。从好的方面来看，电动汽车制造商比亚迪在香港股市上涨1.7%，此前该公司公布了强劲的欧洲销量，连续第二个月超过美国竞争对手特斯拉。

The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade. A retreat from record highs on Wall Street Wednesday rattled sentiment, ahead of the release of the U.S. PCE Index, the Fed’s preferred inflation gauge. Traders also turned cautious before China’s National Day and mid-autumn holidays next week. Losses in property and financials weighed on the benchmark index, mirroring weakness in mainland stocks despite the central bank's action to conduct a CNY 600-billion one-year MLF operation to maintain liquidity. Still, downside was capped by signs of normalcy returning to Hong Kong after Super Typhoon Ragasa. Among major laggards were Lenovo Group (-4.0%), Want Want China (-3.3%), China Hongqiao Group (-3.1%), and Zhaojin Mining (-2.5%). On the upside, EV maker BYD rose 1.7% in Hong Kong after reporting strong European sales, surpassing U.S. rival Tesla for the second consecutive month.