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Pricing

2023
Flag → Flag
Exports $17BRnk 7 / 223
2023
Flag → Flag
Top Product $8.24BGold
2023
Flag → Flag
Exports $3.27BRnk 9 / 198
2023
Flag → Flag
Top Product $780MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Hong Kong Trade: In 2023, United Kingdom exported $17B to Hong Kong. The main products that United Kingdom exported to Hong Kong were Gold ($8.24B), Gas Turbines ($4.07B), and Jewellery ($597M). Over the past 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 11.4%, from $9.91B in 2018 to $17B in 2023.

In 2019, United Kingdom exported services to Hong Kong worth $4.5B, with Other business services ($1.94B), Travel ($795M), and Financial services ($788M) being the largest in terms of value.

Hong Kong-United Kingdom Trade: In 2023, Hong Kong exported $3.27B to United Kingdom. The main products that Hong Kong exported to United Kingdom were Gas Turbines ($780M), Gold ($754M), and Silver ($481M). Over the past 5 years the exports of Hong Kong to United Kingdom have increased at an annualized rate of 4.23%,  from $2.66B in 2018 to $3.27B in 2023.

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

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £693M and imported £571M from Hong Kong, resulting in a positive trade balance of £122M. Between December 2023 and December 2024 the exports of United Kingdom have increased by £74.9M (12.1%) from £618M to £693M, while imports increased by £194M (51.5%) from £377M to £571M.

Trade In December 2024, the top exports of United Kingdom to Hong Kong were Gold (£284M), Gas Turbines (£251M), Telephones (£17.8M), Jewellery (£16.9M), and Transmissions (£16.3M). In December 2024 the top imports of United Kingdom from Hong Kong were Telephones (£39.5M), Computers (£38.7M), Jewellery (£10.7M), Inhalable tobacco/nicotine products (£8.04M), and Integrated Circuits (£7.78M).

Origins In December 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£485M), London Luton Airport (£75M), Southampton (£39.4M), East Midlands Airport (£34.8M), and London Stansted Airport (£18.9M), while imports destinations were mainly London Heathrow Airport (£379M), Felixstowe (£67.7M), East Midlands Airport (£32.6M), Southampton (£23.7M), and London Stansted Airport (£23.4M).

Growth In December 2024, the increase in United Kingdom's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Gas Turbines (£74.6M or 42.3%), Telephones (£12.3M or 224%), and Other Nickel Products (£5.49M or 171%). In December 2024, the increase in United Kingdom's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Diamonds (£6.92M or 872%), Inhalable tobacco/nicotine products (£3.42M or 74%), and Platinum (£2.35M or 494%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)£74.9M(12.1%)
IMPORT GROWTH (December 2023 - December 2024)£194M(51.5%)
MAIN EXPORTER (December 2024)London Heathrow Airport£485M

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

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

For full datasets download visit Bulk Download page.

Explore Hong Kong and United Kingdom Data

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Historical Data

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from United Kingdom than Hong Kong included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

In 2023, countries that imported more from Hong Kong than United Kingdom included Vietnam ($14.4B), South Korea ($9.5B), and Macau ($2.15B).

Difference in imports from Hong Kong (Flag) and United Kingdom (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Hong Kong+$129MGold
Top Product Potential Hong Kong United Kingdom+$97MTelephones

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

Product Space of United Kingdom (Flag) and Hong Kong (Flag) (NaN)

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