2022
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GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
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GDP PC 
$48,984CURRENT US$
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2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Hong Kong-Japan Trade: In 2022, Hong Kong exported $1.55B to Japan. The main products that Hong Kong exported to Japan were Gas Turbines ($375M), Live Fish ($123M), and Integrated Circuits ($95.6M). Over the past 5 years the exports of Hong Kong to Japan have decreased at an annualized rate of 11.5%, from $2.86B in 2017 to $1.55B in 2022.

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

Japan-Hong Kong Trade: In 2022, Japan exported $28.8B to Hong Kong. The main products that Japan exported to Hong Kong were Gold ($4.23B), Integrated Circuits ($4.06B), and Semiconductor Devices ($1.42B). Over the past 5 years the exports of Japan to Hong Kong have increased at an annualized rate of 1.25%,  from $27.1B in 2017 to $28.8B in 2022.

In 2009, Japan exported services to Hong Kong worth -$1.52B, with Transportation ($2.11B), Travel ($816M), and Royalties and license fees ($313M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $1.55B to Japan. The main products exported from Hong Kong to Japan were Gas Turbines ($375M), Live Fish ($123M), and Integrated Circuits ($95.6M). During the last 5 years the exports of Hong Kong to Japan have decreased at an annualized rate of 11.5%, from $2.86B in 2017 to $1.55B in 2022.

In 2017, Japan exported $28.8B to Hong Kong. The main products exported from Japan to Hong Kong were Gold ($4.23B), Integrated Circuits ($4.06B), and Semiconductor Devices ($1.42B). During the last 22 years the exports of Japan to Hong Kong have increased at an annualized rate of 1.25%, from $27.1B in 1995 to $28.8B in 2017.

Exports from Hong Kong (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Hong Kong (Flag) (2022)

Latest Data

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

Hong Kong Exports

Japan Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Hong Kong than Japan included Macau ($2.73B), Israel ($3.07B), and Hungary ($1.88B).

In 2022, countries that imported more from Japan than Hong Kong included United States ($137B), China ($135B), and South Korea ($50.8B).

Difference in imports from Japan (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Japan

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Japan in the exports of Machines ($761M), Precious Metals ($228M), and Instruments ($140M).

During 2017, Japan had a large net trade with Hong Kong in the exports of Machines ($13.5B), Precious Metals ($5.64B), and Chemical Products ($1.52B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Japan+$98MIntegrated Circuits
Top Product Potential Japan Hong Kong+$277MIntegrated 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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Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Japan (Flag) (2022)

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