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2023
Flag → Flag
Exports $17BRnk 7 / 223
2023
Flag → Flag
Top Product $8.24BGold
2023
Flag → Flag
Exports $3.27BRnk 9 / 198
2023
Flag → Flag
Top Product $780MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

United Kingdom-Hong Kong Trade: In 2023, United Kingdom exported $17B to Hong Kong. The main products that United Kingdom exported to Hong Kong were Gold ($8.24B), Gas Turbines ($4.07B), and Jewellery ($597M). Over the past 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 11.4%, from $9.91B in 2018 to $17B in 2023.

In 2019, United Kingdom exported services to Hong Kong worth $4.5B, with Other business services ($1.94B), Travel ($795M), and Financial services ($788M) being the largest in terms of value.

Hong Kong-United Kingdom Trade: In 2023, Hong Kong exported $3.27B to United Kingdom. The main products that Hong Kong exported to United Kingdom were Gas Turbines ($780M), Gold ($754M), and Silver ($481M). Over the past 5 years the exports of Hong Kong to United Kingdom have increased at an annualized rate of 4.23%,  from $2.66B in 2018 to $3.27B in 2023.

In 2023, Hong Kong did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £808M and imported £456M from Hong Kong, resulting in a positive trade balance of £352M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-559M (-40.9%) from £1.37B to £808M, while imports increased by £88.2M (24%) from £368M to £456M.

Trade In November 2024, the top exports of United Kingdom to Hong Kong were Gold (£526M), Gas Turbines (£176M), Platinum (£14.1M), Jewellery (£13.1M), and Precious Metal Watches (£12.1M). In November 2024 the top imports of United Kingdom from Hong Kong were Telephones (£128M), Computers (£42.3M), Silver (£30.9M), Video and Card Games (£20.3M), and Gas Turbines (£15.1M).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£693M), East Midlands Airport (£30.1M), Southampton (£29.2M), London Stansted Airport (£16.3M), and Felixstowe (£14M), while imports destinations were mainly London Heathrow Airport (£239M), Felixstowe (£45.4M), London Gateway (£38.3M), East Midlands Airport (£36.7M), and London Stansted Airport (£23.6M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Platinum (£-52.5M or -78.8%), Office Machine Parts (£-5.74M or -73.7%), and Paintings (£-5.48M or -57.6%). In November 2024, the increase in United Kingdom's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Telephones (£51.1M or 66.7%), Silver (£30.7M or 15.8k%), and Video and Card Games (£18.2M or 889%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-559M(-40.9%)
IMPORT GROWTH (November 2023 - November 2024)£88.2M(24%)
MAIN EXPORTER (November 2024)London Heathrow Airport£693M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $17B to Hong Kong. The main products exported from United Kingdom to Hong Kong were Gold ($8.24B), Gas Turbines ($4.07B), and Jewellery ($597M). During the last 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 11.4%, from $9.91B in 2018 to $17B in 2023.

In 2018, Hong Kong exported $3.27B to United Kingdom. The main products exported from Hong Kong to United Kingdom were Gas Turbines ($780M), Gold ($754M), and Silver ($481M). During the last 5 years the exports of Hong Kong to United Kingdom have increased at an annualized rate of 4.23%, from $2.66B in 2023 to $3.27B in 2018.

Exports from United Kingdom (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from United Kingdom than Hong Kong included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

In 2023, countries that imported more from Hong Kong than United Kingdom included Vietnam ($14.4B), South Korea ($9.5B), and Macau ($2.15B).

Difference in imports from Hong Kong (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Hong Kong

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Hong Kong in the exports of Precious Metals ($9.45B), Machines ($4.86B), and Arts and Antiques ($761M).

During 2018, Hong Kong had a large net trade with United Kingdom in the exports of Precious Metals ($1.45B), Machines ($1.2B), and Instruments ($112M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Hong Kong. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Hong Kong (Flag) (2023)

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