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Hong Kong trade in 2024

In 2024, Hong Kong exported $144 billion and imported $682.1 billion, a trade deficit of $538 billion. It was the world's 36th-largest exporter, with 0.63% of world exports. Its top export was gold (24.8% of the total) and its main trading partner was China (37.4% of its trade).

Summary

Exports
$144billion
Imports
$682.1billion
Trade balance
-$538billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Gold (24.8%) and cameras and broadcast equipment (9.9%) together make up 34.7% of its exports.

  1. Gold$35.7 billion · 24.8%
    Main partner: China
  2. Cameras and broadcast equipment$14.3 billion · 9.9%
    Main partner: United Arab Emirates
  3. Microchips$12.4 billion · 8.6%
    Main partner: Vietnam
  4. Turbojets and gas turbines$11.2 billion · 7.7%
    Main partner: China
  5. Diamonds$4.8 billion · 3.4%
    Main partner: United Arab Emirates
  6. Jewelry$4.8 billion · 3.3%
    Main partner: United States
  7. Computer and office machine parts$3.5 billion · 2.4%
    Main partner: Vietnam
  8. Computers$2.9 billion · 2%
    Main partner: Netherlands
  9. Printed circuit boards$1.7 billion · 1.2%
    Main partner: Vietnam
  10. Platinum$1.5 billion · 1.1%
    Main partner: China

What it imports

Microchips (32.7%) and gold (9.6%) together make up 42.3% of its imports.

  1. Microchips$222.8 billion · 32.7%
    Main partner: China
  2. Gold$65.5 billion · 9.6%
    Main partner: United Arab Emirates
  3. Cameras and broadcast equipment$62.8 billion · 9.2%
    Main partner: China
  4. Computer and office machine parts$27.2 billion · 4%
    Main partner: China
  5. Computers$26.2 billion · 3.8%
    Main partner: China
  6. Jewelry$18.6 billion · 2.7%
    Main partner: China
  7. Diodes, transistors and solar cells$16.1 billion · 2.4%
    Main partner: China
  8. Turbojets and gas turbines$14 billion · 2.1%
    Main partner: United Kingdom
  9. Diamonds$12.2 billion · 1.8%
    Main partner: India
  10. Refined petroleum$10.7 billion · 1.6%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
71 · Gems and precious metals$51.4 billion$111 billion
85 · Electrical and electronic equipment$40.4 billion$365.9 billion
84 · Mechanical machinery$20.8 billion$79.3 billion
90 · Precision and medical instruments$3.3 billion$12.4 billion
08 · Fruit and nuts$2.2 billion$2.2 billion
39 · Plastics$1.7 billion$6.3 billion
91 · Watches and clocks$1.3 billion$6.5 billion
87 · Vehicles$1.2 billion$3.4 billion
72 · Iron and steel$1.1 billion$2.4 billion
30 · Pharmaceuticals$976 million$3.6 billion
70 · Glass$915 million$1.4 billion
62 · Woven clothing$909 million$3.8 billion
95 · Toys and sports gear$838 million$2.2 billion
29 · Organic chemicals$764 million$997 million
03 · Fish and seafood$761 million$2.3 billion
61 · Knitted clothing$751 million$4.5 billion
02 · Meat and offal$736 million$3 billion
21 · Food preparations$665 million$2 billion
28 · Inorganic chemicals$636 million$638 million
97 · Art and antiques$636 million$5.2 billion
60 · Knitted fabric$552 million$558 million
96 · Other manufactured goods$542 million$606 million
58 · Special fabrics and lace$508 million$393 million
22 · Beverages and spirits$492 million$2.9 billion
73 · Iron and steel products$475 million$2.1 billion
64 · Footwear$463 million$2 billion
04 · Dairy, eggs and honey$445 million$1.2 billion
74 · Copper$442 million$1.2 billion
89 · Ships and boats$440 million$1.4 billion
19 · Baked goods and cereal products$416 million$1.1 billion
48 · Paper and paperboard$411 million$1.4 billion
94 · Furniture and lighting$408 million$1.4 billion
83 · Miscellaneous metal goods$397 million$590 million
24 · Tobacco$391 million$802 million
27 · Oil, gas and coal$369 million$15.2 billion
49 · Books and printed matter$364 million$617 million
76 · Aluminum$358 million$1.8 billion
33 · Perfumes and cosmetics$358 million$5.1 billion
42 · Leather goods and bags$336 million$3.5 billion
38 · Miscellaneous chemicals$258 million$1.1 billion
40 · Rubber$235 million$509 million
52 · Cotton$216 million$280 million
59 · Coated and technical textiles$214 million$371 million
32 · Dyes, paints and tanning agents$209 million$579 million
88 · Aircraft and spacecraft$179 million$2.8 billion
54 · Synthetic filaments$164 million$276 million
55 · Synthetic staple fibers$154 million$158 million
82 · Tools and cutlery$152 million$265 million
69 · Ceramics$140 million$237 million
56 · Felt, nonwovens and rope$128 million$145 million
63 · Home textiles and used clothing$120 million$264 million
41 · Hides and leather$116 million$400 million
47 · Wood pulp$113 million$210 million
26 · Ores and slag$98 million$307 million
92 · Musical instruments$85 million$109 million
51 · Wool$79 million$185 million
34 · Soap and cleaning products$79 million$442 million
05 · Other animal products$74 million$671 million
68 · Stone, plaster and cement articles$74 million$500 million
16 · Prepared meat and fish$61 million$1.4 billion
15 · Fats and oils$60 million$259 million
44 · Wood$60 million$353 million
20 · Preserved fruit and vegetables$57 million$432 million
25 · Salt, stone and cement$55 million$485 million
37 · Photographic goods$54 million$266 million
79 · Zinc$53 million$113 million
10 · Cereals$50 million$257 million
35 · Glues, starches and enzymes$45 million$322 million
81 · Other base metals$41 million$229 million
75 · Nickel$40 million$125 million
18 · Cocoa and chocolate$38 million$395 million
86 · Railway equipment$38 million$331 million
65 · Hats$33 million$95 million
12 · Oilseeds and grains$31 million$232 million
67 · Feathers and artificial flowers$30 million$57 million
17 · Sugar and sweets$30 million$289 million
53 · Other plant fibers$30 million$48 million
80 · Tin$26 million$41 million
43 · Fur and fur goods$25 million$69 million
09 · Coffee, tea and spices$23 million$223 million
31 · Fertilizers$22 million$23 million
93 · Weapons and ammunition$18 million$24 million
11 · Milling products and malt$15 million$168 million
57 · Carpets and rugs$14 million$39 million
07 · Vegetables$14 million$1.2 billion
36 · Explosives and matches$13 million$13 million
13 · Gums and plant extracts$11 million$79 million
66 · Umbrellas and canes$9 million$12 million
23 · Animal feed and food waste$8 million$243 million
50 · Silk$7 million$16 million
78 · Lead$3 million$19 million
01 · Live animals$3 million$1.5 billion
46 · Wicker and basketware$2 million$11 million
45 · Cork$2 million$963 thousand
14 · Other plant products$861 thousand$18 million
06 · Live plants and flowers$377 thousand$31 million

Trading partners

China is its main destination (22.1% of exports) and source (40.6% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China31.822.1%Land
Vietnam19.713.7%Sea
United Arab Emirates14.510.1%Air
Thailand6.74.7%Air
Switzerland6.14.2%Air
United Kingdom64.2%Air
Netherlands5.94.1%Air
Singapore4.23%Air
United States4.12.8%Air
Malaysia3.62.5%Air

Who it buys from

PartnerValue (USD billions)ShareMode
China27740.6%Land
Taiwan69.610.2%Air
Singapore51.67.6%Air
South Korea36.65.4%Air
Japan34.95.1%Air
United States26.93.9%Air
Malaysia21.13.1%Air
Vietnam213.1%Air
United Arab Emirates19.72.9%Air
Switzerland13.11.9%Air

Overview 1995–2024

In 2024, Hong Kong accounted for 0.63% of world exports, compared with 1.5% in 1995.

Exports and imports

Exports grew 94% since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 144
  • Imports 682
  • Balance -538

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$74.1 billion$197.9 billion-$123.7 billion
1996$67.9 billion$198.1 billion-$130.2 billion
1997$66.9 billion$217.7 billion-$150.9 billion
1998$64.4 billion$186.7 billion-$122.3 billion
1999$65.8 billion$181.3 billion-$115.5 billion
2000$68.3 billion$218.9 billion-$150.6 billion
2001$65 billion$206.8 billion-$141.8 billion
2002$68.1 billion$217.3 billion-$149.2 billion
2003$70.1 billion$245.6 billion-$175.5 billion
2004$78.6 billion$282.2 billion-$203.7 billion
2005$81.4 billion$310 billion-$228.6 billion
2006$88.1 billion$347.5 billion-$259.4 billion
2007$94.7 billion$395.8 billion-$301.1 billion
2008$98.8 billion$417.3 billion-$318.4 billion
2009$78.7 billion$365.5 billion-$286.8 billion
2010$92.9 billion$462 billion-$369 billion
2011$124.1 billion$537.2 billion-$413.1 billion
2012$136 billion$574.6 billion-$438.6 billion
2013$154.2 billion$637.5 billion-$483.4 billion
2014$142.5 billion$608.3 billion-$465.8 billion
2015$107 billion$582.8 billion-$475.7 billion
2016$119.9 billion$559.4 billion-$439.5 billion
2017$112.8 billion$635.4 billion-$522.6 billion
2018$111.7 billion$642.8 billion-$531.1 billion
2019$111.7 billion$584.8 billion-$473.2 billion
2020$123.3 billion$577.6 billion-$454.3 billion
2021$124.7 billion$707.9 billion-$583.2 billion
2022$113.1 billion$653.9 billion-$540.8 billion
2023$99 billion$650.3 billion-$551.2 billion
2024$144 billion$682.1 billion-$538 billion

World rank

Hong Kong fell from 19th to 36th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 19th in 1995
  • 36th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199519th
199620th
199720th
199820th
199922nd
200025th
200125th
200226th
200329th
200429th
200531st
200633rd
200733rd
200839th
200935th
201036th
201136th
201233rd
201330th
201433rd
201535th
201633rd
201734th
201837th
201936th
202033rd
202136th
202240th
202343rd
202436th

What it sells

Gems and precious metals became its top export group: from 4% to 36%

% of exports by Harmonized System chapter.

  • Other 15%
  • Vehicles 1%
  • Watches and clocks 1%
  • Plastics 1%
  • Fruit and nuts 2%
  • Precision and medical instruments 2%
  • Mechanical machinery 14%
  • Electrical and electronic equipment 28%
  • Gems and precious metals 36%

Source: CEPII BACI

Show the numbers
Chapter19952024
Gems and precious metals3.8%35.7%
Electrical and electronic equipment26%28%
Mechanical machinery10.3%14.5%
Precision and medical instruments2.9%2.3%
Fruit and nuts0.1%1.5%
Plastics2.6%1.2%
Watches and clocks3.8%0.92%
Vehicles1.1%0.81%
Other49.4%15.1%

Who it trades with

China went from 30% to 37% of Hong Kong's trade

% of total trade (exports + imports) with each partner.

  • China 37%
  • Taiwan 9%
  • Singapore 7%
  • Vietnam 5%
  • South Korea 5%

Source: CEPII BACI

Show the numbers
Partner19952024
China30%37.4%
Taiwan7.8%8.7%
Singapore5.6%6.8%
Vietnam0.3%4.9%
South Korea4.2%4.8%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Castle Peak power stationPower · 7.6 Mt CO₂e
  • CKI Lamma power stationPower · 7.4 Mt CO₂e
  • Black Point power stationPower · 6.6 Mt CO₂e
View on the globe

Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

View on the globe

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries