Flag United Kingdom / Hong Kong Flag

2019
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Exports
: $9.94B, Rnk 11 / 221

2019
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Top Product
: $2.7B, Gas Turbines

2019
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Exports
: $6.21B, Rnk 4 / 196

2019
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Top Product
: $3.95B, Gold

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 13 / 146

2019
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Economic Complexity (ECI)
: ECI 1.02, Rnk 28 / 146

2019
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GDP
: $2.83T, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 152 / 187

2019
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 GDP
: $366B, CURRENT US$
Rnk 34 / 187

2009-2019
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GDP GROWTH
: 70.9%, CURRENT US$
Rnk 59 / 187

2019
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GDP PC 
: $42,330, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP PC GROWTH
: 9.34%, CURRENT US$
Rnk 143 / 187

2019
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GDP PC
: $48,713, CURRENT US$
Rnk 17 / 187

2009-2019
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GDP PC GROWTH
: 58.7%, CURRENT US$
Rnk 46 / 187

United Kingdom-Hong Kong: In 2019, United Kingdom exported $9.94B to Hong Kong. The main products that United Kingdom exported to Hong Kong are Gas Turbines ($2.7B), Paintings ($822M), and Jewellery ($820M). During the last 24 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 3.75%, from $4.11B in 1995 to $9.94B in 2019.

In 2017, United Kingdom exported services to Hong Kong worth $4.49B, with Other business services ($1.02B), Travel ($874M), and Financial services ($801M) being the largest in terms of value.

Hong Kong-United Kingdom: In 2019, Hong Kong exported $6.21B to United Kingdom . The main products that Hong Kong exported to United Kingdom were Gold ($3.95B), Eyewear Frames ($105M), and Jewellery ($104M). During the last 24 years the exports of Hong Kong to United Kingdom have increased at an annualized rate of 0.47%, from $5.55B in 1995 to $6.21B in 2019.

In 2019, Hong Kong did not exported services to United Kingdom.

Comparison: In 2019,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.46), and 10 in total exports ($446B). That same year, Hong Kong ranked 28 in the Economic Complexity Index (ECI 1.02), and 34 in total exports ($118B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, United Kingdom exported $9.94B to Hong Kong. The main products exported from United Kingdom to Hong Kong were Gas Turbines ($2.7B), Paintings ($822M), and Jewellery ($820M). During the last 24 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 3.75%, from $4.11B in 1995 to $9.94B in 2019.

In 2019, Hong Kong exported $6.21B to United Kingdom. The main products exported from Hong Kong to United Kingdom were Gold ($3.95B), Eyewear Frames ($105M), and Jewellery ($104M). During the last 24 years the exports of Hong Kong to United Kingdom have increased at an annualized rate of 0.47%, from $5.55B in 1995 to $6.21B in 2019.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $64.7B

Hong Kong
Top Destination
: China, $26.8B

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 2019, countries that imported more from United Kingdom than Hong Kong were United States ($64.7B), Germany ($44.3B), and France ($29.1B).

In 2019, countries that imported more from Hong Kong than United Kingdom were India ($17B), Philippines ($3.9B), and Macau ($2.92B).

Comparative Advantage United Kingdom - Hong Kong

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Depth

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

During 2019, United Kingdom had a large net trade with Hong Kong in the exports of Machines ($3.95B), Precious Metals ($2.14B), and Arts and Antiques ($1.11B).

During 2019, Hong Kong had a large net trade with United Kingdom in the exports of Precious Metals ($4.2B), Machines ($694M), and Instruments ($284M).

Bilateral Service Trade

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In 2017, United Kingdom exported services to Hong Kong worth $4.49B, with Other business services ($1.02B), Travel ($874M), and Financial services ($801M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Hong Kong. Similarly, the more red a dot/product is, the more Hong Kong has comparative advantage over United Kingdom.