Hong Kong (HKG) and Canada (CAN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $402M in 2023.

In 2018, 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 2023 to $3.82B in 2018.

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

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

Latest Data

Trade between Hong Kong () and Canada ()

Hong Kong Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Canada
Top DestinationUnited States$410B

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

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

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

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

Comparative Advantage Hong Kong - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Canada in the exports of Machines ($155M), Precious Metals ($42.4M), and Metals ($39.2M).

During 2018, Canada had a large net trade with Hong Kong in the exports of Precious Metals ($2.73B), Machines ($329M), and Animal Products ($193M).

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 Canada+$32.4MComputers

Top Product Potential Canada Hong Kong+$58.5MIntegrated 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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Bilateral Service Trade

Can Year

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.

Service trade data is presented based on availability.

Services Exports from Canada () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and Canada ()

Hong Kong Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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