2023
Flag  
GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC 
$50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

Hong Kong-Germany Trade: In 2023, Hong Kong exported $1.24B to Germany. The main products that Hong Kong exported to Germany were Industrial Fatty Acids, Oils and Alcohols ($91.6M), Orthopedic Appliances ($66.2M), and Printed Circuit Boards ($59.8M). Over the past 5 years the exports of Hong Kong to Germany have decreased at an annualized rate of 6.01%, from $1.69B in 2018 to $1.24B in 2023.

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

Germany-Hong Kong Trade: In 2023, Germany exported $7.22B to Hong Kong. The main products that Germany exported to Hong Kong were Integrated Circuits ($633M), Planes, Helicopters, and/or Spacecraft ($626M), and Cars ($545M). Over the past 5 years the exports of Germany to Hong Kong have increased at an annualized rate of 0.78%,  from $6.95B in 2018 to $7.22B in 2023.

In 2020, Germany exported services to Hong Kong worth $2.05B, with Transportation ($884M), Other business services ($848M), and Computer and information services ($122M) being the largest in terms of value.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $1.24B to Germany. The main products exported from Hong Kong to Germany were Industrial Fatty Acids, Oils and Alcohols ($91.6M), Orthopedic Appliances ($66.2M), and Printed Circuit Boards ($59.8M). During the last 5 years the exports of Hong Kong to Germany have decreased at an annualized rate of 6.01%, from $1.69B in 2018 to $1.24B in 2023.

In 2018, Germany exported $7.22B to Hong Kong. The main products exported from Germany to Hong Kong were Integrated Circuits ($633M), Planes, Helicopters, and/or Spacecraft ($626M), and Cars ($545M). During the last 5 years the exports of Germany to Hong Kong have increased at an annualized rate of 0.78%, from $6.95B in 2023 to $7.22B in 2018.

Exports from Hong Kong (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Germany (Flag)

Hong Kong Exports

Germany Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$25.3B
Germany
Top Destination
United States$157B

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

In 2023, countries that imported more from Hong Kong than Germany included Vietnam ($14.4B), Macau ($2.15B), and Cambodia ($472M).

In 2023, countries that imported more from Germany than Hong Kong included United States ($157B), France ($118B), and Netherlands ($108B).

Difference in imports from Germany (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Germany

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Germany in the exports of Machines ($499M), Instruments ($162M), and Chemical Products ($127M).

During 2018, Germany had a large net trade with Hong Kong in the exports of Machines ($2.92B), Transportation ($1.39B), and Chemical Products ($645M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Germany+$140MIntegrated Circuits
Top Product Potential Germany Hong Kong+$312MIntegrated Circuits

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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Bilateral Service Trade

In 2020, Germany exported services to Hong Kong worth $2.05B, with Transportation ($884M), Other business services ($848M), and Computer and information services ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Germany (Flag) (2023)

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