Hong Kong (HKG) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Hong Kong-Australia Trade: In 2023, Hong Kong exported $911M to Australia. The main products that Hong Kong exported to Australia were Silver ($156M), Gold ($76.1M), and Electrical Transformers ($46.4M). Over the past 5 years the exports of Hong Kong to Australia have decreased at an annualized rate of 1.29%, from $972M in 2018 to $911M in 2023.

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

Australia-Hong Kong Trade: In 2023, Australia exported $7.79B to Hong Kong. The main products that Australia exported to Hong Kong were Gold ($5.85B), Wine ($163M), and Crustaceans ($114M). Over the past 5 years the exports of Australia to Hong Kong have decreased at an annualized rate of 1.79%, from $11.8B in 2018 to $7.79B in 2023.

In 2009, Australia exported services to Hong Kong worth $1.16B, with Travel ($662M), Transportation ($275M), and Other business services ($123M) being the largest in terms of value.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $911M to Australia. The main products exported from Hong Kong to Australia were Silver ($156M), Gold ($76.1M), and Electrical Transformers ($46.4M). During the last 5 years the exports of Hong Kong to Australia have decreased at an annualized rate of 1.29%, from $972M in 2018 to $911M in 2023.

In 2018, Australia exported $7.79B to Hong Kong. The main products exported from Australia to Hong Kong were Gold ($5.85B), Wine ($163M), and Crustaceans ($114M). During the last 5 years the exports of Australia to Hong Kong have decreased at an annualized rate of 1.79%, from $11.8B in 2023 to $7.79B in 2018.

Exports from Hong Kong () to Australia () (2023)

Exports from Australia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Australia ()

Hong Kong Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Hong Kong than Australia included Vietnam ($14.4B), Netherlands ($5.56B), and Russia ($2.65B).

In 2023, countries that imported more from Australia than Hong Kong included China ($137B), Japan ($59B), and India ($19.9B).

Difference in imports from Australia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Australia in the exports of Precious Metals ($345M), Machines ($216M), and Instruments ($119M).

During 2018, Australia had a large net trade with Hong Kong in the exports of Precious Metals ($5.98B), Animal Products ($497M), and Foodstuffs ($307M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Australia+$55.4MGold

Top Product Potential Australia Hong Kong+$54.3MCoal Briquettes

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

Year

This visualization shows the product space at the HS4 level with the flags of Hong Kong and Australia. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Hong Kong.

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Australia () (2023)

Exports from Australia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Australia ()

Hong Kong Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Australia () (2023)

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