Hong Kong (HKG) and China (CHN) Trade | The Observatory of Economic Complexity

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Hong Kong-China Trade: In 2023, Hong Kong exported $25.3B to China. The main products that Hong Kong exported to China were Gold ($9.2B), Gas Turbines ($4.96B), and Cast or Rolled Glass ($1.15B). Over the past 5 years the exports of Hong Kong to China have increased at an annualized rate of 8.23%, from $17.1B in 2018 to $25.3B in 2023.

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

China-Hong Kong Trade: In 2023, China exported $259B to Hong Kong. The main products that China exported to Hong Kong were Integrated Circuits ($63.1B), Broadcasting Equipment ($44.9B), and Office Machine Parts ($13.5B). Over the past 5 years the exports of China to Hong Kong have decreased at an annualized rate of 1.64%, from $282B in 2018 to $259B in 2023.

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

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $25.3B to China. The main products exported from Hong Kong to China were Gold ($9.2B), Gas Turbines ($4.96B), and Cast or Rolled Glass ($1.15B). During the last 5 years the exports of Hong Kong to China have increased at an annualized rate of 8.23%, from $17.1B in 2018 to $25.3B in 2023.

In 2018, China exported $259B to Hong Kong. The main products exported from China to Hong Kong were Integrated Circuits ($63.1B), Broadcasting Equipment ($44.9B), and Office Machine Parts ($13.5B). During the last 5 years the exports of China to Hong Kong have decreased at an annualized rate of 1.64%, from $282B in 2023 to $259B in 2018.

Exports from Hong Kong () to China () (2023)

Exports from China () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and China ()

Hong Kong Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Hong Kong than China included Guam ($28.9M), Northern Mariana Islands ($11.6M), and American Samoa ($115k).

In 2023, countries that imported more from China than Hong Kong included United States ($436B), Japan ($169B), and Germany ($164B).

Difference in imports from China () and Hong Kong () (2023)

Comparative Advantage Hong Kong - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with China in the exports of Precious Metals ($10.2B), Machines ($6.23B), and Vegetable Products ($1.61B).

During 2018, China had a large net trade with Hong Kong in the exports of Machines ($190B), Precious Metals ($16.6B), and Mineral Products ($8.38B).

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 China+$1.66BGold

Top Product Potential China Hong Kong+$3.35BComputers

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to China () (2023)

Exports from China () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and China ()

Hong Kong Exports

China Exports

Market Competitiveness

Difference in imports from China () and Hong Kong () (2023)

Comparative Advantage Hong Kong - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and China () (2023)

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