Overview In December 2022, China exported $29.6B and imported $864M from Hong Kong, resulting in a positive trade balance of $28.7B. Between December 2021 and December 2022 the exports of China have decreased by $-8.63B (-22.6%) from $38.2B to $29.6B, while imports increased by $143M (19.8%) from $721M to $864M.
Trade In December 2022, the top exports of China to Hong Kong were Integrated Circuits ($6.21B), Telephones ($4.93B), Computers ($2.64B), Office Machine Parts ($1.23B), and Printed Circuit Boards ($955M). In December 2022 the top imports of China from Hong Kong were Gold ($304M), Packaged Medicaments ($44M), Commodities not elsewhere specified ($43.8M), Styrene Polymers ($36.7M), and Optical Fibers and optical fibre bundles ($27.3M).
Origins In December 2022 the exports of China were mainly from Guangdong Province ($16.1B), Jiangsu Province ($2.17B), Shanghai Province ($1.83B), Jiangxi Province ($980M), and Guangxi Zhuang Autonomous Region ($908M), while imports destinations were mainly Guangdong Province ($247M), Beijing ($217M), Hunan Province ($133M), Fujian Province ($71.5M), and Shanghai Province ($61.8M).
Growth In December 2022, the decrease in China's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Telephones ($-738M or -13%), LCDs ($-438M or -96.6%), and Jewellery ($-129M or -15.5%). In December 2022, the increase in China's year-by-year imports from Hong Kong was explained primarily by an increase in product imports in Gold ($227M or 293%), Optical Fibers and optical fibre bundles ($19.7M or 259%), and Commodities not elsewhere specified ($14.1M or 47.7%).