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How dependent is Hong Kong on China?

In 2024, China sold $277 billion to Hong Kong, 40.6% of its imports, ranking 1st among its suppliers. Its share was 45.7% in 2019 and 33.3% in 1995. In 368 products it sells more than 50% of what Hong Kong buys of them (in 174, more than 75%); what Hong Kong buys from China in those products (dominated value) adds up to $136.1 billion, 20% of its imports.

Summary

Share of its imports
40.6%
Value imported
$277billion
Rank among its suppliers
1st
Products where it sells over 50%
368
Products where it sells over 75%
174
Dominated value
$136.1billion
Share of total imports
20%

Trend

Trend in shares

China went from 33.3% to 40.6% of what Hong Kong buys

Share (%)

  • China 40.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199565,91233.3%1
199665,89233.3%1
199773,22233.6%1
199867,42136.1%1
199970,60139%1
200082,81337.8%1
200180,00338.7%1
200287,91540.5%1
200398,29340%1
2004113,30440.1%1
2005131,81142.5%1
2006150,81643.4%1
2007172,48343.6%1
2008186,10344.6%1
2009165,81845.4%1
2010205,54744.5%1
2011228,41042.5%1
2012263,37145.8%1
2013275,66343.2%1
2014272,05244.7%1
2015276,22047.4%1
2016255,86445.7%1
2017265,04141.7%1
2018281,09243.7%1
2019267,48745.7%1
2020251,71243.6%1
2021312,98344.2%1
2022265,53740.6%1
2023259,66139.9%1
2024276,99340.6%1

Products where China sells more than half

ProductSupplierShareSecondValue
Cameras and broadcast equipmentChina69.9%United States · 7%$43.9 billion
Computer and office machine partsChina55.9%South Korea · 9.9%$15.2 billion
Diodes, transistors and solar cellsChina55.5%Singapore · 10.2%$8.9 billion
Printed circuit boardsChina80.9%over 75%Japan · 6.6%$6.4 billion
Phones and telecom equipmentChina70.7%Vietnam · 5.6%$5.7 billion
Transformers and power suppliesChina70.2%Japan · 6%$4.2 billion
Low-voltage switches and connectorsChina59.6%Japan · 15.1%$3.7 billion
SilverChina77.1%over 75%South Korea · 9.8%$3.1 billion
Cables and wireChina70.6%United Arab Emirates · 4.3%$2.1 billion
Natural gas and LPGChina83.5%over 75%Qatar · 8.9%$2.1 billion
BatteriesChina79.3%over 75%Malaysia · 5.9%$2 billion
Other plastic articlesChina71.6%United States · 8%$1.9 billion
Microphones and speakersChina68.5%Malaysia · 6.9%$1.1 billion
Printers and printing machinesChina56.5%Japan · 16.4%$1.1 billion
Eyeglasses and sunglassesChina76.7%over 75%Italy · 13.6%$970 million
Live horses, donkeys and mulesChina83.6%over 75%Australia · 10.3%$901 million
Other electrical devicesChina66.6%Japan · 7.1%$889 million
ElectricityChina99.9%over 75%Thailand · 0.08%$865 million
Women's suits and dressesChina59.4%Italy · 11.8%$774 million
ResistorsChina55.9%Taiwan · 11.2%$732 million
Women's knitted suits and dressesChina80%over 75%Italy · 4.4%$705 million
Air pumps, compressors and fansChina77.9%over 75%Germany · 3%$649 million
Steel structuresChina95.4%over 75%United States · 0.75%$636 million
WaterChina95%over 75%France · 2.7%$619 million
Sweaters and pulloversChina56.8%Italy · 14.4%$617 million
ToysChina75.7%over 75%Japan · 11.6%$597 million
Eyeglass framesChina81.4%over 75%Italy · 5.5%$549 million
Sports equipmentChina80.9%over 75%Taiwan · 5.5%$539 million
Electric motors and generatorsChina55.4%Philippines · 18.7%$480 million
Poultry meatChina55.5%United States · 14.3%$480 million

and 338 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from China

Hong Kong is China’s 2nd-largest customer, with 7.7% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.