2023
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GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH
-19.3%CURRENT US$
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2023
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 GDP
$381BCURRENT US$
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2013-2023
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GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC 
$33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC
$50,532CURRENT US$
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2013-2023
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GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Japan-Hong Kong Trade: In 2023, Japan exported $30.8B to Hong Kong. The main products that Japan exported to Hong Kong were Gold ($5.68B), Integrated Circuits ($5.61B), and Broadcasting Equipment ($1.28B). Over the past 5 years the exports of Japan to Hong Kong have decreased at an annualized rate of 1.02%, from $32.4B in 2018 to $30.8B in 2023.

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.

Hong Kong-Japan Trade: In 2023, Hong Kong exported $2.48B to Japan. The main products that Hong Kong exported to Japan were Gas Turbines ($491M), Base Metal Watches ($161M), and Live Fish ($156M). Over the past 5 years the exports of Hong Kong to Japan have increased at an annualized rate of 9.04%,  from $1.61B in 2018 to $2.48B in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $30.8B to Hong Kong. The main products exported from Japan to Hong Kong were Gold ($5.68B), Integrated Circuits ($5.61B), and Broadcasting Equipment ($1.28B). During the last 5 years the exports of Japan to Hong Kong have decreased at an annualized rate of 1.02%, from $32.4B in 2018 to $30.8B in 2023.

In 2018, Hong Kong exported $2.48B to Japan. The main products exported from Hong Kong to Japan were Gas Turbines ($491M), Base Metal Watches ($161M), and Live Fish ($156M). During the last 5 years the exports of Hong Kong to Japan have increased at an annualized rate of 9.04%, from $1.61B in 2023 to $2.48B in 2018.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Japan than Hong Kong included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Hong Kong than Japan included Macau ($2.15B), Zimbabwe ($175M), and Rwanda ($79.7M).

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

Comparative Advantage Japan - Hong Kong

Flow
Scale

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

During 2023, Japan had a large net trade with Hong Kong in the exports of Machines ($15.2B), Precious Metals ($7.96B), and Chemical Products ($1.36B).

During 2018, Hong Kong had a large net trade with Japan in the exports of Instruments ($942M), Machines ($836M), and Precious Metals ($305M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Hong Kong+$277MIntegrated Circuits
Top Product Potential Hong Kong Japan+$98MIntegrated 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 Japan and Hong Kong. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Japan.

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

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