Flag Hong Kong / South Korea Flag

2019
FlagFlag
Exports
: $2.18B, Rnk 15 / 196

2019
FlagFlag
Top Product
: $819M, Integrated Circuits

2019
FlagFlag
Exports
: $31.6B, Rnk 4 / 215

2019
FlagFlag
Top Product
: $20.1B, Integrated Circuits

2019
Flag
Economic Complexity (ECI)
: ECI 1.02, Rnk 28 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 1.9, Rnk 5 / 146

2019
Flag  
GDP
: $366B, CURRENT US$
Rnk 34 / 187

2009-2019
Flag
GDP GROWTH
: 70.9%, CURRENT US$
Rnk 59 / 187

2019
Flag
 GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
Flag
GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
Flag
GDP PC 
: $48,713, CURRENT US$
Rnk 17 / 187

2009-2019
Flag
GDP PC GROWTH
: 58.7%, CURRENT US$
Rnk 46 / 187

2019
Flag
GDP PC
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
Flag
GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

Hong Kong-South Korea In 2019, Hong Kong exported $2.18B to South Korea. The main products that Hong Kong exported to South Korea are Integrated Circuits ($819M), Office Machine Parts ($178M), and Gold ($128M). During the last 24 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.28%, from $1.01B in 1995 to $2.18B in 2019.

In 2019, Hong Kong did not export any services to South Korea.

South Korea-Hong Kong In 2019, South Korea exported $31.6B to Hong Kong . The main products that South Korea exported to Hong Kong were Integrated Circuits ($20.1B), Office Machine Parts ($1.5B), and Refined Petroleum ($1.09B). During the last 24 years the exports of South Korea to Hong Kong have increased at an annualized rate of 4.88%, from $10.1B in 1995 to $31.6B in 2019.

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 2019,  Hong Kong ranked 28 in the Economic Complexity Index (ECI 1.02), and 34 in total exports ($118B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, Hong Kong exported $2.18B to South Korea. The main products exported from Hong Kong to South Korea were Integrated Circuits ($819M), Office Machine Parts ($178M), and Gold ($128M). During the last 24 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.28%, from $1.01B in 1995 to $2.18B in 2019.

In 2019, South Korea exported $31.6B to Hong Kong. The main products exported from South Korea to Hong Kong were Integrated Circuits ($20.1B), Office Machine Parts ($1.5B), and Refined Petroleum ($1.09B). During the last 24 years the exports of South Korea to Hong Kong have increased at an annualized rate of 4.88%, from $10.1B in 1995 to $31.6B in 2019.

Hong Kong Exports

#permalink to section

South Korea Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Hong Kong
Top Destination
: China, $26.8B

South Korea
Top Destination
: China, $136B

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

In 2019, countries that imported more from Hong Kong than South Korea were Switzerland ($3.85B), Macau ($2.92B), and Netherlands ($6.93B).

In 2019, countries that imported more from South Korea than Hong Kong were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

Comparative Advantage Hong Kong - South Korea

#permalink to section
Depth

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

During 2019, Hong Kong had a large net trade with South Korea in the exports of Machines ($1.37B), Animal Products ($302M), and Precious Metals ($145M).

During 2019, South Korea had a large net trade with Hong Kong in the exports of Machines ($24.9B), Chemical Products ($1.39B), and Mineral Products ($1.09B).

Bilateral Service Trade

#permalink to section

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Hong Kong.