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Pricing

2022
Flag → Flag
Exports $9.19BRnk 12 / 224
2022
Flag → Flag
Top Product $2.6BGas Turbines
2022
Flag → Flag
Exports $2.46BRnk 16 / 198
2022
Flag → Flag
Top Product $371MSilver
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

United Kingdom-Hong Kong Trade: In 2022, United Kingdom exported $9.19B to Hong Kong. The main products that United Kingdom exported to Hong Kong were Gas Turbines ($2.6B), Gold ($1.25B), and Platinum ($1.1B). Over the past 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 0.54%, from $8.94B in 2017 to $9.19B in 2022.

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 2022, Hong Kong exported $2.46B to United Kingdom. The main products that Hong Kong exported to United Kingdom were Silver ($371M), Integrated Circuits ($167M), and Platinum ($146M). Over the past 5 years the exports of Hong Kong to United Kingdom have decreased at an annualized rate of 22.8%,  from $9B in 2017 to $2.46B in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £739M and imported £689M from Hong Kong, resulting in a positive trade balance of £50.4M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £17.1M (2.37%) from £722M to £739M, while imports increased by £348M (102%) from £340M to £689M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£556M), Harwich (£53.1M), Southampton (£40.5M), East Midlands Airport (£30.5M), and London Stansted Airport (£19.1M), while imports destinations were mainly London Heathrow Airport (£405M), Felixstowe (£78.8M), London (£44.7M), East Midlands Airport (£32.1M), and Prestwick Airport (£29.6M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Gold (£517M or 5.89k%), Gas Turbines (£70.6M or 66.8%), and Transmissions (£5.04M or 71.6%). In August 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 (August 2023 - August 2024)£17.1M(2.37%)
IMPORT GROWTH (August 2023 - August 2024)£348M(102%)
MAIN EXPORTER (August 2024)London Heathrow Airport£556M

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.

Explore Hong Kong and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $9.19B to Hong Kong. The main products exported from United Kingdom to Hong Kong were Gas Turbines ($2.6B), Gold ($1.25B), and Platinum ($1.1B). During the last 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 0.54%, from $8.94B in 2017 to $9.19B in 2022.

In 2017, Hong Kong exported $2.46B to United Kingdom. The main products exported from Hong Kong to United Kingdom were Silver ($371M), Integrated Circuits ($167M), and Platinum ($146M). During the last 5 years the exports of Hong Kong to United Kingdom have decreased at an annualized rate of 22.8%, from $9B in 2022 to $2.46B in 2017.

Exports from United Kingdom (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Hong Kong
Top DestinationChina$23.4B

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 2022, countries that imported more from United Kingdom than Hong Kong included United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

In 2022, countries that imported more from Hong Kong than United Kingdom included India ($14.3B), Philippines ($3.28B), and Macau ($2.73B).

Difference in imports from Hong Kong (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Hong Kong in the exports of Machines ($3.56B), Precious Metals ($2.9B), and Instruments ($560M).

During 2017, Hong Kong had a large net trade with United Kingdom in the exports of Precious Metals ($792M), Machines ($772M), and Miscellaneous ($153M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Hong Kong+$129MGold
Top Product Potential Hong Kong United Kingdom+$97MTelephones

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 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) (2022)

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