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2022
Flag → Flag
Exports $28.9BRnk 5 / 220
2022
Flag → Flag
Top Product $17.5BIntegrated Circuits
2022
Flag → Flag
Exports $2.29BRnk 18 / 198
2022
Flag → Flag
Top Product $1.03BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

South Korea-Hong Kong Trade: In 2022, South Korea exported $28.9B to Hong Kong. The main products that South Korea exported to Hong Kong were Integrated Circuits ($17.5B), Office Machine Parts ($2.12B), and Blank Audio Media ($1.71B). Over the past 5 years the exports of South Korea to Hong Kong have decreased at an annualized rate of 5.37%, from $38.1B in 2017 to $28.9B in 2022.

In 2005, South Korea exported services to Hong Kong worth $2.8B, with Transportation ($1.85B), Other business services ($547M), and Travel ($333M) being the largest in terms of value.

Hong Kong-South Korea Trade: In 2022, Hong Kong exported $2.29B to South Korea. The main products that Hong Kong exported to South Korea were Integrated Circuits ($1.03B), Gas Turbines ($186M), and Office Machine Parts ($168M). Over the past 5 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.33%,  from $1.95B in 2017 to $2.29B in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $2.21B and imported $127M from Hong Kong, resulting in a positive trade balance of $2.08B. Between October 2023 and October 2024 the exports of South Korea have decreased by $-223M (-9.15%) from $2.43B to $2.21B, while imports decreased by $-65.8M (-34.1%) from $193M to $127M.

Trade In October 2024, the top exports of South Korea to Hong Kong were Electrical machinery and electronics ($737M), Mineral fuels, mineral oils and products... ($67.7M), Machinery, mechanical appliances, & parts ($61.8M), Glass & glassware ($24.5M), and Perfumery & cosmetics ($24.4M). In October 2024 the top imports of South Korea from Hong Kong were Electrical machinery and electronics ($64.2M), Precious stones, metals, & pearls ($14.1M), Machinery, mechanical appliances, & parts ($11.4M), Copper articles ($4.4M), and Miscellaneous edible preparations ($2.26M).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-1.06B or -59%), Machinery, mechanical appliances, & parts ($-191M or -75.6%), and Plastics & articles thereof ($-39.5M or -69.7%). In October 2024, the decrease in South Korea's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-44.8M or -41.1%), Machinery, mechanical appliances, & parts ($-3.81M or -25.1%), and Art & antiques ($-2.25M or -64.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-223M(-9.15%)
IMPORT GROWTH (October 2023 - October 2024)$-65.8M(-34.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Hong Kong and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $28.9B to Hong Kong. The main products exported from South Korea to Hong Kong were Integrated Circuits ($17.5B), Office Machine Parts ($2.12B), and Blank Audio Media ($1.71B). During the last 5 years the exports of South Korea to Hong Kong have decreased at an annualized rate of 5.37%, from $38.1B in 2017 to $28.9B in 2022.

In 2017, Hong Kong exported $2.29B to South Korea. The main products exported from Hong Kong to South Korea were Integrated Circuits ($1.03B), Gas Turbines ($186M), and Office Machine Parts ($168M). During the last 5 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.33%, from $1.95B in 2022 to $2.29B in 2017.

Exports from South Korea (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from South Korea than Hong Kong included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Hong Kong than South Korea included Macau ($2.73B), Switzerland ($4.11B), and Israel ($3.07B).

Difference in imports from Hong Kong (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Hong Kong

Flow
Scale

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

During 2022, South Korea had a large net trade with Hong Kong in the exports of Machines ($23.4B), Chemical Products ($1.28B), and Mineral Products ($928M).

During 2017, Hong Kong had a large net trade with South Korea in the exports of Machines ($1.6B), Animal Products ($276M), and Metals ($110M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Hong Kong+$234MTelephones
Top Product Potential Hong Kong South Korea+$278MIntegrated 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Hong Kong. This means that a dot/product with the flag of South Korea 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 South Korea.

Product Space of South Korea (Flag) and Hong Kong (Flag) (2022)

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