Hong Kong SAR, China: Terms of trade adjustment (constant LCU)

Key figures

What the numbers say

In 2025, Hong Kong SAR, China's terms of trade adjustment (constant LCU) fell 16.24 billion on 2024 (from 40.31 billion to 24.07 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was −2.25 billion and a typical year strayed about 27.47 billion from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 42.14 billion in 2015 and the biggest yearly fall was 57.69 billion in 2004. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 23% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Hong Kong SAR, China had the 47th highest value of the 128 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2025 ranking

• Malaysia — 43rd of 128: 36.88 billion
• Rwanda — 44th of 128: 34.45 billion
• North Macedonia — 45th of 128: 27.8 billion
• Namibia — 47th of 128: 23.11 billion
• Cabo Verde — 48th of 128: 11.67 billion
• Uruguay — 49th of 128: 11.59 billion

What this measures

The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 65 values

Terms of trade adjustment (constant LCU) in nearby economies

• American Samoa — 3.96 million (2022)
• Australia — -26.77 billion (2025)
• Brunei Darussalam — -970.77 million (2025)
• Cambodia — 5.99 trillion (2025)
• Guam — 1.01 million (2022)
• Indonesia — -312.72 trillion (2025)
• Japan — -9.53 trillion (2024)
• Kiribati — 3.53 million (2024)
• Korea, Rep. — -41.6 trillion (2025)
• Lao PDR — 2.81 trillion (2016)

More economic policy & debt data for Hong Kong SAR, China

• General government final consumption expenditure (current US$) — US$53.72 billion (2025)
• General government final consumption expenditure (current LCU) — 418.83 billion (2025)
• General government final consumption expenditure (% of GDP) — 12.57% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$282.93 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 2.21 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 66.21% (2025)
• Final consumption expenditure (current US$) — US$336.64 billion (2025)
• Final consumption expenditure (current LCU)

Reading data like this

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Questions people ask

What is Hong Kong SAR, China's terms of trade adjustment (constant LCU)?

24.07 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1961?

It is up 279.63% from -13.4 billion in 1961. The highest value was 176.42 billion in 2002 and the lowest -47.72 billion in 2014.

How does Hong Kong SAR, China rank?

47th highest of 128 economies with data for 2025.

Is the latest change in terms of trade adjustment (constant LCU) unusual for Hong Kong SAR, China?

In 2025, Hong Kong SAR, China's terms of trade adjustment (constant LCU) fell 16.24 billion on 2024 (from 40.31 billion to 24.07 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was −2.25 billion and a typical year strayed about 27.47 billion from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.TTF.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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