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Pricing

2022
Flag → Flag
Exports $2.46BRnk 16 / 198
2022
Flag → Flag
Top Product $371MSilver
2022
Flag → Flag
Exports $9.19BRnk 12 / 224
2022
Flag → Flag
Top Product $2.6BGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Hong Kong-United Kingdom Trade: In 2022, Hong Kong exported $2.46B to United Kingdom. The main products that Hong Kong exported to United Kingdom were Silver ($371M), Integrated Circuits ($167M), and Platinum ($146M). Over the past 5 years the exports of Hong Kong to United Kingdom have decreased at an annualized rate of 22.8%, from $9B in 2017 to $2.46B in 2022.

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

United Kingdom-Hong Kong Trade: In 2022, United Kingdom exported $9.19B to Hong Kong. The main products that United Kingdom exported to Hong Kong were Gas Turbines ($2.6B), Gold ($1.25B), and Platinum ($1.1B). Over the past 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 0.3%,  from $8.94B in 2017 to $9.19B in 2022.

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.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $2.46B to United Kingdom. The main products exported from Hong Kong to United Kingdom were Silver ($371M), Integrated Circuits ($167M), and Platinum ($146M). During the last 5 years the exports of Hong Kong to United Kingdom have decreased at an annualized rate of 22.8%, from $9B in 2017 to $2.46B in 2022.

In 2017, United Kingdom exported $9.19B to Hong Kong. The main products exported from United Kingdom to Hong Kong were Gas Turbines ($2.6B), Gold ($1.25B), and Platinum ($1.1B). During the last 5 years the exports of United Kingdom to Hong Kong have increased at an annualized rate of 0.3%, from $8.94B in 2022 to $9.19B in 2017.

Exports from Hong Kong (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and United Kingdom (Flag)

Hong Kong Exports

United Kingdom Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Hong Kong than United Kingdom included India ($14.3B), Philippines ($3.28B), and Macau ($2.73B).

In 2022, countries that imported more from United Kingdom than Hong Kong included United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

Difference in imports from United Kingdom (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - United Kingdom

Flow
Scale

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

During 2022, Hong Kong had a large net trade with United Kingdom in the exports of Precious Metals ($792M), Machines ($772M), and Miscellaneous ($153M).

During 2017, United Kingdom had a large net trade with Hong Kong in the exports of Machines ($3.56B), Precious Metals ($2.9B), and Instruments ($560M).

Potential Exports

Potential Exports

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

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 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.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Hong Kong (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and United Kingdom (Flag) (2022)

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