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2023
Flag → Flag
Exports $7.22BRnk 36 / 220
2023
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Top Product $633MIntegrated Circuits
2023
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Exports $1.24BRnk 20 / 198
2023
Flag → Flag
Top Product $91.6MIndustrial Fatty Acids, Oils and Alcohols
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Germany-Hong Kong Trade: In 2023, Germany exported $7.22B to Hong Kong. The main products that Germany exported to Hong Kong were Integrated Circuits ($633M), Planes, Helicopters, and/or Spacecraft ($626M), and Cars ($545M). Over the past 5 years the exports of Germany to Hong Kong have increased at an annualized rate of 0.78%, from $6.95B in 2018 to $7.22B in 2023.

In 2020, Germany exported services to Hong Kong worth $2.05B, with Transportation ($884M), Other business services ($848M), and Computer and information services ($122M) being the largest in terms of value.

Hong Kong-Germany Trade: In 2023, Hong Kong exported $1.24B to Germany. The main products that Hong Kong exported to Germany were Industrial Fatty Acids, Oils and Alcohols ($91.6M), Orthopedic Appliances ($66.2M), and Printed Circuit Boards ($59.8M). Over the past 5 years the exports of Hong Kong to Germany have decreased at an annualized rate of 6.01%,  from $1.69B in 2018 to $1.24B in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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, Germany exported €432M and imported €127M from Hong Kong, resulting in a positive trade balance of €305M. Between November 2023 and November 2024 the exports of Germany have decreased by €-122M (-22%) from €554M to €432M, while imports increased by €36.9M (41.1%) from €89.7M to €127M.

Trade In November 2024, the top exports of Germany to Hong Kong were Electronic devices (€53.6M), Machinery for electricity production, distribution (€39.8M), Pharmaceutical products (€25.3M), Motor cars and motor caravans (€24.4M), and Measuring and automatical control instruments (€23.8M). In November 2024 the top imports of Germany from Hong Kong were Electronic devices (€14.7M), Machinery for electricity production, distribution (€12.2M), Other electric machinery, apparatus and appliances (€8.16M), Watches and clocks (€5.33M), and Jewellery, goldsmith's or silversmith's wares (€5.07M).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€62.9M), Baden-Württemberg (€59.5M), North Rhine-Westphalia (€50.1M), Hesse (€16M), and Rhineland-Pfalz (€14M), while imports destinations were mainly Hamburg (€44.2M), North Rhine-Westphalia (€19.7M), Bavaria (€17.3M), Baden-Württemberg (€10.6M), and Rhineland-Pfalz (€6.37M).

Growth In November 2024, the decrease in Germany's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Other prefabricated chemicals (€-18.7M or -84.6%), Other machinery (€-7.02M or -41.1%), and Pumps and compressors (€-4.36M or -56.6%). In November 2024, the increase in Germany's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Watches and clocks (€1.13M or 26.8%), Returned goods (€716k or 16.7%), and Basic pharmaceutical products (€692k or 1k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-122M(-22%)
IMPORT GROWTH (November 2023 - November 2024)€36.9M(41.1%)
MAIN EXPORTER (November 2024)Bavaria€62.9M

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

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

For full datasets download visit Bulk Download page.

Explore Hong Kong and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $7.22B to Hong Kong. The main products exported from Germany to Hong Kong were Integrated Circuits ($633M), Planes, Helicopters, and/or Spacecraft ($626M), and Cars ($545M). During the last 5 years the exports of Germany to Hong Kong have increased at an annualized rate of 0.78%, from $6.95B in 2018 to $7.22B in 2023.

In 2018, Hong Kong exported $1.24B to Germany. The main products exported from Hong Kong to Germany were Industrial Fatty Acids, Oils and Alcohols ($91.6M), Orthopedic Appliances ($66.2M), and Printed Circuit Boards ($59.8M). During the last 5 years the exports of Hong Kong to Germany have decreased at an annualized rate of 6.01%, from $1.69B in 2023 to $1.24B in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Germany than Hong Kong included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Hong Kong than Germany included Vietnam ($14.4B), Macau ($2.15B), and Cambodia ($472M).

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

Comparative Advantage Germany - Hong Kong

Flow
Scale

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

During 2023, Germany had a large net trade with Hong Kong in the exports of Machines ($2.92B), Transportation ($1.39B), and Chemical Products ($645M).

During 2018, Hong Kong had a large net trade with Germany in the exports of Machines ($499M), Instruments ($162M), and Chemical Products ($127M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Hong Kong+$312MIntegrated Circuits
Top Product Potential Hong Kong Germany+$140MIntegrated 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 Germany and Hong Kong. This means that a dot/product with the flag of Germany 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 Germany.

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

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