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2022
Flag → Flag
Exports $418MRnk 33 / 198
2022
Flag → Flag
Top Product $59.4MJewellery
2022
Flag → Flag
Exports $2.65BRnk 16 / 215
2022
Flag → Flag
Top Product $1.56BGold
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Hong Kong-Canada Trade: In 2022, Hong Kong exported $418M to Canada. The main products that Hong Kong exported to Canada were Jewellery ($59.4M), Gas Turbines ($30.4M), and Computers ($22M). Over the past 5 years the exports of Hong Kong to Canada have decreased at an annualized rate of 11.4%, from $765M in 2017 to $418M in 2022.

In 2022, Hong Kong did not export any services to Canada.

Canada-Hong Kong Trade: In 2022, Canada exported $2.65B to Hong Kong. The main products that Canada exported to Hong Kong were Gold ($1.56B), Scrap Aluminium ($101M), and Integrated Circuits ($101M). Over the past 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 9.15%,  from $1.71B in 2017 to $2.65B in 2022.

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 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $418M to Canada. The main products exported from Hong Kong to Canada were Jewellery ($59.4M), Gas Turbines ($30.4M), and Computers ($22M). During the last 5 years the exports of Hong Kong to Canada have decreased at an annualized rate of 11.4%, from $765M in 2017 to $418M in 2022.

In 2017, Canada exported $2.65B to Hong Kong. The main products exported from Canada to Hong Kong were Gold ($1.56B), Scrap Aluminium ($101M), and Integrated Circuits ($101M). During the last 5 years the exports of Canada to Hong Kong have increased at an annualized rate of 9.15%, from $1.71B in 2022 to $2.65B in 2017.

Exports from Hong Kong (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Canada (Flag)

Hong Kong Exports

Canada Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Canada
Top DestinationUnited States$438B

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 2022, countries that imported more from Hong Kong than Canada included India ($14.3B), Macau ($2.73B), and Malaysia ($3.84B).

In 2022, countries that imported more from Canada than Hong Kong included United States ($438B), Japan ($14.3B), and United Kingdom ($12.9B).

Difference in imports from Canada (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Canada

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Canada in the exports of Machines ($143M), Precious Metals ($83.8M), and Metals ($49.6M).

During 2017, Canada had a large net trade with Hong Kong in the exports of Precious Metals ($1.58B), Machines ($294M), and Animal Products ($185M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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.

Product Space of Hong Kong (Flag) and Canada (Flag) (2022)

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