Hong Kong / South Korea

Hong Kong-South Korea Trade: In 2023, Hong Kong exported $9.5B to South Korea. The main products that Hong Kong exported to South Korea were Integrated Circuits ($3.12B), Electric Batteries ($865M), and Trunks and Cases ($608M). Over the past 5 years the exports of Hong Kong to South Korea have increased at an annualized rate of 34.3%, from $2.17B in 2018 to $9.5B in 2023.

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

South Korea-Hong Kong Trade: In 2023, South Korea exported $28.8B to Hong Kong. The main products that South Korea exported to Hong Kong were Integrated Circuits ($16.5B), Beauty Products ($2.24B), and Office Machine Parts ($1.67B). Over the past 5 years the exports of South Korea to Hong Kong have decreased at an annualized rate of 5.57%,  from $38.4B in 2018 to $28.8B in 2023.

In 2005, South Korea exported services to Hong Kong worth $2.8B, with Transportation ($1.85B), Other business services ($547M), and Travel ($333M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).