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

2023
Flag → Flag
Exports $3.82BRnk 11 / 215
2023
Flag → Flag
Top Product $2.7BGold
2023
Flag → Flag
Exports $402MRnk 32 / 198
2023
Flag → Flag
Top Product $50.4MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Canada-Hong Kong Trade: In 2023, Canada exported $3.82B to Hong Kong. The main products that Canada exported to Hong Kong were Gold ($2.7B), Scrap Aluminium ($88.3M), and Gas Turbines ($84.9M). Over the past 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 7.32%, from $2.68B in 2018 to $3.82B in 2023.

In 2020, Canada exported services to Hong Kong worth $1.02B, with Transportation ($552M), Financial services ($152M), and Royalties and license fees ($144M) being the largest in terms of value.

Hong Kong-Canada Trade: In 2023, Hong Kong exported $402M to Canada. The main products that Hong Kong exported to Canada were Gas Turbines ($50.4M), Semiconductor Devices ($33.8M), and Precious Metal Watches ($28.2M). Over the past 5 years the exports of Hong Kong to Canada have increased at an annualized rate of 4.16%,  from $328M in 2018 to $402M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$176M and imported C$16M from Hong Kong, resulting in a positive trade balance of C$160M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-171M (-49.3%) from C$346M to C$176M, while imports decreased by C$-22.8M (-58.7%) from C$38.8M to C$16M.

Trade In November 2024, the top exports of Canada to Hong Kong were Gold (C$283M), Crustaceans (C$6.53M), Scrap Aluminium (C$6.32M), Integrated Circuits (C$4.53M), and Molluscs (C$3.71M). In November 2024 the top imports of Canada from Hong Kong were Video and Card Games (C$5.02M), Commodities not elsewhere specified (C$1.99M), Computers (C$1.56M), Jewellery (C$1.15M), and Pasta (C$972k).

Origins In November 2024 the exports of Canada were mainly from Alberta (C$120M), Ontario (C$24.5M), British Columbia (C$13.9M), Quebec (C$11M), and Nova Scotia (C$4.08M), while imports destinations were mainly Ontario (C$7.9M), British Columbia (C$4.49M), Quebec (C$2.51M), Alberta (C$757k), and Manitoba (C$241k).

Growth In November 2024, the decrease in Canada's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Integrated Circuits (C$-6.83M or -60.1%), Rapeseed Oil (C$-4.13M or -98.3%), and Live Fish (C$-3.46M or -66.2%). In November 2024, the decrease in Canada's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Video and Card Games (C$-7.09M or -58.5%), Computers (C$-2.57M or -62.2%), and Oxygen Amino Compounds (C$-658k or -99.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-171M(-49.3%)
IMPORT GROWTH (November 2023 - November 2024)C$-22.8M(-58.7%)
MAIN EXPORTER (November 2024)AlbertaC$120M

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

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

For full datasets download visit Bulk Download page.

Explore Hong Kong and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $3.82B to Hong Kong. The main products exported from Canada to Hong Kong were Gold ($2.7B), Scrap Aluminium ($88.3M), and Gas Turbines ($84.9M). During the last 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 7.32%, from $2.68B in 2018 to $3.82B in 2023.

In 2018, Hong Kong exported $402M to Canada. The main products exported from Hong Kong to Canada were Gas Turbines ($50.4M), Semiconductor Devices ($33.8M), and Precious Metal Watches ($28.2M). During the last 5 years the exports of Hong Kong to Canada have increased at an annualized rate of 4.16%, from $328M in 2023 to $402M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Canada than Hong Kong included United States ($410B), United Kingdom ($18B), and Japan ($13.4B).

In 2023, countries that imported more from Hong Kong than Canada included Vietnam ($14.4B), South Korea ($9.5B), and Malaysia ($3.57B).

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

Comparative Advantage Canada - Hong Kong

Flow
Scale

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

During 2023, Canada had a large net trade with Hong Kong in the exports of Precious Metals ($2.73B), Machines ($329M), and Animal Products ($193M).

During 2018, Hong Kong had a large net trade with Canada in the exports of Machines ($155M), Precious Metals ($42.4M), and Metals ($39.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Hong Kong+$58.5MIntegrated Circuits
Top Product Potential Hong Kong Canada+$32.4MComputers

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 Canada and Hong Kong. This means that a dot/product with the flag of Canada 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 Canada.

Product Space of Canada (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