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2022
Flag → Flag
Exports $2.65BRnk 16 / 215
2022
Flag → Flag
Top Product $1.56BGold
2022
Flag → Flag
Exports $418MRnk 33 / 198
2022
Flag → Flag
Top Product $59.4MJewellery
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Canada-Hong Kong Trade: In 2022, Canada exported $2.65B to Hong Kong. The main products that Canada exported to Hong Kong were Gold ($1.56B), Scrap Aluminium ($101M), and Integrated Circuits ($101M). Over the past 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 9.15%, from $1.71B in 2017 to $2.65B in 2022.

In 2020, Canada exported services to Hong Kong worth $1.02B, with Transportation ($552M), Financial services ($152M), and Royalties and license fees ($144M) being the largest in terms of value.

Hong Kong-Canada Trade: In 2022, Hong Kong exported $418M to Canada. The main products that Hong Kong exported to Canada were Jewellery ($59.4M), Gas Turbines ($30.4M), and Computers ($22M). Over the past 5 years the exports of Hong Kong to Canada have decreased at an annualized rate of 11.4%,  from $765M in 2017 to $418M in 2022.

In 2022, Hong Kong did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$72.5M and imported C$23.8M from Hong Kong, resulting in a positive trade balance of C$48.7M. Between September 2023 and September 2024 the exports of Canada have decreased by C$-779M (-91.5%) from C$852M to C$72.5M, while imports decreased by C$-3.59M (-13.1%) from C$27.4M to C$23.8M.

Trade In September 2024, the top exports of Canada to Hong Kong were Gold (C$283M), Crustaceans (C$6.53M), Scrap Aluminium (C$6.32M), Integrated Circuits (C$4.53M), and Molluscs (C$3.71M). In September 2024 the top imports of Canada from Hong Kong were Video and Card Games (C$5.02M), Commodities not elsewhere specified (C$1.99M), Computers (C$1.56M), Jewellery (C$1.15M), and Pasta (C$972k).

Origins In September 2024 the exports of Canada were mainly from Ontario (C$34.6M), British Columbia (C$15.5M), Quebec (C$8.07M), Alberta (C$8M), and Nova Scotia (C$3.22M), while imports destinations were mainly Ontario (C$12.9M), British Columbia (C$5.15M), Quebec (C$4M), Alberta (C$1.32M), and Nova Scotia (C$172k).

Growth In September 2024, the decrease in Canada's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Integrated Circuits (C$-6.83M or -60.1%), Rapeseed Oil (C$-4.13M or -98.3%), and Live Fish (C$-3.46M or -66.2%). In September 2024, the decrease in Canada's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Video and Card Games (C$-7.09M or -58.5%), Computers (C$-2.57M or -62.2%), and Oxygen Amino Compounds (C$-658k or -99.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$-779M(-91.5%)
IMPORT GROWTH (September 2023 - September 2024)C$-3.59M(-13.1%)
MAIN EXPORTER (September 2024)OntarioC$34.6M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Hong Kong and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $2.65B to Hong Kong. The main products exported from Canada to Hong Kong were Gold ($1.56B), Scrap Aluminium ($101M), and Integrated Circuits ($101M). During the last 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 9.15%, from $1.71B in 2017 to $2.65B in 2022.

In 2017, Hong Kong exported $418M to Canada. The main products exported from Hong Kong to Canada were Jewellery ($59.4M), Gas Turbines ($30.4M), and Computers ($22M). During the last 5 years the exports of Hong Kong to Canada have decreased at an annualized rate of 11.4%, from $765M in 2022 to $418M in 2017.

Exports from Canada (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Hong Kong
Top DestinationChina$23.4B

This map shows whether countries import more from Canada or Hong Kong. Each country is colored based on the difference in imports they receive from Canada and Hong Kong or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Hong Kong included United States ($438B), Japan ($14.3B), and United Kingdom ($12.9B).

In 2022, countries that imported more from Hong Kong than Canada included India ($14.3B), Macau ($2.73B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Hong Kong

Flow
Scale

This chart compares trade between Canada and Hong Kong by product, considering products traded by both, Canada and Hong Kong.

During 2022, Canada had a large net trade with Hong Kong in the exports of Precious Metals ($1.58B), Machines ($294M), and Animal Products ($185M).

During 2017, Hong Kong had a large net trade with Canada in the exports of Machines ($143M), Precious Metals ($83.8M), and Metals ($49.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Hong Kong+$58.5MIntegrated Circuits
Top Product Potential Hong Kong Canada+$32.4MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Hong Kong. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Hong Kong (Flag) (2022)

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