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Overview In 2021, Hong Kong was the number 39 economy in the world in terms of GDP (current US$), the number 36 in total exports, the number 6 in total imports, the number 28 economy in terms of GDP per capita (current US$) and the number 21 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Hong Kong are Gold ($14.3B), Integrated Circuits ($8.59B), Gas Turbines ($7.67B), Broadcasting Equipment ($6.26B), and Silver ($5.39B), exporting mostly to China ($30.3B), India ($17B), United Kingdom ($7.18B), Netherlands ($6.24B), and Switzerland ($4.66B).

In 2021, Hong Kong was the world's biggest exporter of Silver ($5.39B) and Human Hair ($27M)

Imports The top imports of Hong Kong are Integrated Circuits ($215B), Broadcasting Equipment ($53.5B), Office Machine Parts ($38.4B), Gold ($27.5B), and Telephones ($21.8B), importing mostly from China ($323B), Chinese Taipei ($63.6B), Singapore ($54.5B), South Korea ($38.2B), and Japan ($28.5B).

In 2021, Hong Kong was the world's biggest importer of Integrated Circuits ($215B), Semiconductor Devices ($18.9B), Jewellery ($18.4B), Printed Circuit Boards ($12.2B), and Electrical Capacitors ($6.98B)

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Hong Kong.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Gold$14.3B
Top Destination (2021)China$30.3B

In 2021, Hong Kong exported a total of $124B, making it the number 36 exporter in the world. During the last five reported years the exports of Hong Kong have changed by $5.96B from $118B in 2016 to $124B in 2021.

The most recent exports are led by Gold ($14.3B), Integrated Circuits ($8.59B), Gas Turbines ($7.67B), Broadcasting Equipment ($6.26B), and Silver ($5.39B). The most common destination for the exports of Hong Kong are China ($30.3B), India ($17B), United Kingdom ($7.18B), Netherlands ($6.24B), and Switzerland ($4.66B).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
China$4.22B (+ 16.2%)
India$2.79B (+ 19.6%)
Vietnam$834M (+ 40.7%)
Fastest Growing Import Markets (2020 - 2021)
China$63.6B (+ 24.5%)
Chinese Taipei$13.6B (+ 27.3%)
Singapore$12.8B (+ 30.7%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Hong Kong Exports Services (2018)$94.3B
Hong Kong Imports Services (2018)$52.3B

In 2018, Hong Kong exported $94.3B worth of services. The top services exported by Hong Kong in 2018 were Travel ($36.8B), Transportation ($32.7B), Financial services ($23.3B), and Insurance services ($1.49B).

The top services imported by Hong Kong in 2018 were Travel ($26.4B), Transportation ($18.3B), Financial services ($5.98B), and Insurance services ($1.5B).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Trade)1.16Rank 21 of 131
Economic Complexity (Technology)0.66Rank 34 of 96
Economic Complexity (Research)1.15Rank 22 of 140

Most Specialized Products by RCA Index

Hong Kong has a high level of specialization in Synthetic Reconstructed Jewellery Stones (35.8), Horses (26.5), Labels (26.1), Silver (24.4), and Pitted Fruits (24.3). Specialization is measured using RCA, an index that takes the ratio between Hong Kong observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Hong Kong according to the relatedness index, were Platinum Clad Metals (0.32), Vacuum Flask (0.3), Rubber Apparel (0.3), Party Decorations (0.28), and Disc Chemicals for Electronics (0.27). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Hong Kong is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Hong Kong. These are products that tend to be co-exported with the products that Hong Kong exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Hong Kong's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨47th to the 21st⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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