Hong Kong (HKG) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Hong Kong-Australia Trade: In 2022, Hong Kong exported $1.05B to Australia. The main products that Hong Kong exported to Australia were Silver ($323M), Gold ($135M), and Motor-working Tools ($56.7M). Over the past 5 years the exports of Hong Kong to Australia have increased at an annualized rate of 8.92%, from $685M in 2017 to $1.05B in 2022.

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

Australia-Hong Kong Trade: In 2022, Australia exported $4.44B to Hong Kong. The main products that Australia exported to Hong Kong were Gold ($2.71B), Crustaceans ($135M), and Wine ($122M). Over the past 5 years the exports of Australia to Hong Kong have decreased at an annualized rate of 16.3%, from $10.8B in 2017 to $4.44B in 2022.

In 2009, Australia exported services to Hong Kong worth $1.16B, with Travel ($662M), Transportation ($275M), and Other business services ($123M) being the largest in terms of value.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $1.05B to Australia. The main products exported from Hong Kong to Australia were Silver ($323M), Gold ($135M), and Motor-working Tools ($56.7M). During the last 5 years the exports of Hong Kong to Australia have increased at an annualized rate of 8.92%, from $685M in 2017 to $1.05B in 2022.

In 2017, Australia exported $4.44B to Hong Kong. The main products exported from Australia to Hong Kong were Gold ($2.71B), Crustaceans ($135M), and Wine ($122M). During the last 5 years the exports of Australia to Hong Kong have decreased at an annualized rate of 16.3%, from $10.8B in 2022 to $4.44B in 2017.

Exports from Hong Kong () to Australia () (2022)

Exports from Australia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Australia ()

Hong Kong Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Hong Kong than Australia included Israel ($3.07B), Macau ($2.73B), and Russia ($2.38B).

In 2022, countries that imported more from Australia than Hong Kong included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Australia in the exports of Precious Metals ($569M), Machines ($235M), and Instruments ($52.7M).

During 2017, Australia had a large net trade with Hong Kong in the exports of Precious Metals ($2.83B), Animal Products ($407M), and Machines ($258M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Australia+$55.4MGold

Top Product Potential Australia Hong Kong+$54.3MCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Australia () (2022)

Exports from Australia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Australia ()

Hong Kong Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Australia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Australia () (2022)

Keep Exploring