NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $28.8BRnk 3 / 142
2023
Flag → Flag
Top Product $16.5BIntegrated Circuits
2023
Flag → Flag
Exports $1.1BRnk 3 / 198
2023
Flag → Flag
Top Product $3.12BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

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.

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.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $3.29B and imported $131M from Hong Kong, resulting in a positive trade balance of $3.16B. Between December 2023 and December 2024 the exports of South Korea have decreased by $-45.1M (-1.35%) from $3.33B to $3.29B, while imports increased by $494k (0.38%) from $131M to $131M.

Trade In December 2024, the top exports of South Korea to Hong Kong were Electrical machinery and electronics ($2.03B), Machinery, mechanical appliances, & parts ($194M), Mineral fuels, mineral oils and products... ($114M), Precious stones, metals, & pearls ($82.3M), and Perfumery & cosmetics ($39.8M). In December 2024 the top imports of South Korea from Hong Kong were Electrical machinery and electronics ($144M), Machinery, mechanical appliances, & parts ($14.1M), Precious stones, metals, & pearls ($8.21M), Miscellaneous edible preparations ($3.96M), and Copper articles ($3.37M).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Ships, boats, & floating structures ($-19.2M or -100%), Organic chemicals ($-12.3M or -64.5%), and Glass & glassware ($-4.33M or -17.7%). In December 2024, the increase in South Korea's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Electrical machinery and electronics ($79.9M or 125%), Machinery, mechanical appliances, & parts ($2.75M or 24.2%), and Miscellaneous edible preparations ($1.71M or 75.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-45.1M(-1.35%)
IMPORT GROWTH (December 2023 - December 2024)$494k(0.38%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Hong Kong and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $28.8B to Hong Kong. The main products exported from South Korea to Hong Kong were Integrated Circuits ($16.5B), Beauty Products ($2.24B), and Office Machine Parts ($1.67B). During the last 5 years the exports of South Korea to Hong Kong have decreased at an annualized rate of 15,4%, from $424M in 2018 to $28.8B in 2023.

In 2018, Hong Kong exported $9.5B to South Korea. The main products exported from Hong Kong to South Korea were Integrated Circuits ($3.12B), Electric Batteries ($865M), and Trunks and Cases ($608M). During the last 5 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3,71%, from $1.32B in 2023 to $9.5B in 2018.

Exports from South Korea (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from South Korea than Hong Kong included China ($162B), United States ($118B), and Japan ($28.4B).

In 2023, countries that imported more from Hong Kong than South Korea included Vietnam ($14.4B), Russia ($2.65B), and Switzerland ($4.86B).

Difference in imports from Hong Kong (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Hong Kong

Flow
Scale

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

During 2023, South Korea had a large net trade with Hong Kong in the exports of Machines ($22.2B), Chemical Products ($2.68B), and Mineral Products ($1.05B).

During 2018, Hong Kong had a large net trade with South Korea in the exports of Machines ($6.91B), Animal Hides ($644M), and Textiles ($293M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Hong Kong+$234MTelephones
Top Product Potential Hong Kong South Korea+$278MIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Hong Kong. This means that a dot/product with the flag of South Korea 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 South Korea.

Product Space of South Korea (Flag) and Hong Kong (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms