Mexico (MEX) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Mexico-Hong Kong Trade: In 2023, Mexico exported $442M to Hong Kong. The main products that Mexico exported to Hong Kong were Integrated Circuits ($128M), Office Machine Parts ($52.6M), and Broadcasting Equipment ($48.4M). Over the past 5 years the exports of Mexico to Hong Kong have decreased at an annualized rate of 17.5%, from $1.16B in 2018 to $442M in 2023.

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

Hong Kong-Mexico Trade: In 2023, Hong Kong exported $1B to Mexico. The main products that Hong Kong exported to Mexico were Computers ($155M), Sports Equipment ($115M), and Broadcasting Equipment ($53.6M). Over the past 5 years the exports of Hong Kong to Mexico have increased at an annualized rate of 5%, from $787M in 2018 to $1B in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $442M to Hong Kong. The main products exported from Mexico to Hong Kong were Integrated Circuits ($128M), Office Machine Parts ($52.6M), and Broadcasting Equipment ($48.4M). During the last 5 years the exports of Mexico to Hong Kong have decreased at an annualized rate of 17.5%, from $1.16B in 2018 to $442M in 2023.

In 2018, Hong Kong exported $1B to Mexico. The main products exported from Hong Kong to Mexico were Computers ($155M), Sports Equipment ($115M), and Broadcasting Equipment ($53.6M). During the last 5 years the exports of Hong Kong to Mexico have increased at an annualized rate of 5%, from $787M in 2023 to $1B in 2018.

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

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

Latest Data

Trade between Mexico () and Hong Kong ()

Mexico Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Mexico than Hong Kong included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from Hong Kong than Mexico included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

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

Comparative Advantage Mexico - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Hong Kong in the exports of N/A.

During 2018, Hong Kong had a large net trade with Mexico in the exports of Machines ($593M), Miscellaneous ($129M), and Textiles ($82.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Hong Kong+$193MIntegrated Circuits

Top Product Potential Hong Kong Mexico+$85.6MIntegrated 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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mexico () and Hong Kong ()

Mexico Exports

Hong Kong Exports

Market Competitiveness

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

Comparative Advantage Mexico - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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