globaltraffic.earth

How dependent is Hong Kong on Japan?

In 2024, Japan sold $34.9 billion to Hong Kong, 5.1% of its imports, ranking 5th among its suppliers. Its share was 5.4% in 2019 and 14.4% in 1995. In 28 products it sells more than 50% of what Hong Kong buys of them (in 6, more than 75%); what Hong Kong buys from Japan in those products (dominated value) adds up to $985 million, 0.14% of its imports.

Summary

Share of its imports
5.1%
Value imported
$34.9billion
Rank among its suppliers
5th
Products where it sells over 50%
28
Products where it sells over 75%
6
Dominated value
$985million
Share of total imports
0.1%

Trend

Trend in shares

Japan went from 14.4% to 5.1% of what Hong Kong buys

Share (%)

  • Japan 5.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199528,54914.4%2
199626,43113.3%2
199727,41912.6%2
199822,73412.2%2
199920,83511.5%2
200027,13712.4%2
200123,92711.6%2
200224,86211.4%2
200328,40611.6%2
200433,63911.9%2
200534,04111%2
200635,44710.2%2
200736,9689.3%3
200837,5619%2
200931,1968.5%2
201041,3999%2
201142,8148%2
201241,0487.1%2
201336,9705.8%4
201438,0436.3%3
201534,7216%4
201632,9395.9%4
201733,5995.3%5
201832,8125.1%5
201931,3225.4%4
202032,0475.6%5
202135,3875%5
202232,8195%5
202331,0794.8%4
202434,9275.1%5

Products where Japan sells more than half

ProductSupplierShareSecondValue
PearlsJapan65.1%French Polynesia · 9%$282 million
Watch movementsJapan61.4%China · 17.6%$171 million
Complete unassembled clock or watch movementsJapan56.9%Malaysia · 20.1%$76 million
Gauze, bandages and dressingsJapan55.8%China · 16.7%$74 million
Bulldozers and excavatorsJapan54.6%China · 18.6%$63 million
Coated flat steelJapan66.2%China · 25.5%$56 million
Laser, plasma and EDM machine toolsJapan68.2%China · 11.5%$45 million
Alloy steel sheetJapan84.4%over 75%China · 8.1%$42 million
Cider and other fermented drinksJapan67.1%China · 18.4%$28 million
Metal pickling and soldering fluxesJapan52%China · 17.7%$21 million
Seeds for plantingJapan61%China · 10.6%$21 million
Coral and shells, unworkedJapan81.8%over 75%Tunisia · 11.3%$15 million
Other ceramic articlesJapan66.2%China · 7.7%$12 million
Artificial filament fabricJapan51.1%Italy · 20.7%$9 million
Cold-rolled flat steelJapan55.1%China · 34.2%$9 million
Electron tubes and valvesJapan55%China · 16.6%$9 million
Limestone for lime and cementJapan80%over 75%China · 19.9%$9 million
Cassava and other rootsJapan60.3%China · 14.6%$8 million
PianosJapan56.6%China · 15.4%$7 million
Synthetic monofilament and stripJapan68.3%China · 12.7%$6 million
Zinc scrapJapan57.4%Spain · 17.5%$5 million
Newspapers and magazinesJapan57%China · 15%$4 million
Base metals, silver or gold clad with platinumJapan95.7%over 75%United Kingdom · 2.3%$3 million
Other copper articlesJapan65.7%China · 16.5%$2 million
KaolinJapan97%over 75%United States · 0.73%$2 million
Base metals clad with silver, semi-manufacturedJapan58.8%United States · 16.3%$2 million
TantalumJapan54%China · 17.2%$2 million
Granulated blast-furnace slagJapan100%over 75%Thailand · 0.01%$1 million

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 Japan

Hong Kong is Japan’s 5th-largest customer, with 4.6% 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.