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Balance of Trade

Name: Balance of Trade
Creator: TipRanks

The Balance of Trade in Hong Kong measures the difference between the value of its exports and imports of goods. It is a crucial indicator of economic health, reflecting the competitiveness of Hong Kong's economy and its ability to generate foreign exchange. A trade surplus can strengthen the local currency and boost economic growth, while a deficit might indicate economic challenges. In Hong Kong, a major trading hub, shifts in the Balance of Trade can significantly impact financial markets and investor sentiment.