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How dependent is Luxembourg on Hong Kong?

In 2024, Hong Kong sold $653 million to Luxembourg, 2.6% of its imports, ranking 8th among its suppliers. Its share was 0.1% in 2019 and 0% in 1995. In 3 products it sells more than 50% of what Luxembourg buys of them (in 2, more than 75%); what Luxembourg buys from Hong Kong in those products (dominated value) adds up to $642 million, 2.5% of its imports.

Summary

Some of these goods may have been produced in another country: countries record origin in different ways.

Share of its imports
2.6%
Share of its imports from outside the EU
12.9%
Value imported
$653million
Rank among its suppliers
8th
Products where it sells over 50%
3
Products where it sells over 75%
2
Dominated value
$642million
Share of total imports
2.5%

Trend

Hong Kong went from 0% to 2.6% of what Luxembourg buys

Trend in shares

Hong Kong went from 0% to 2.6% of what Luxembourg buys

Share (%)

  • Hong Kong 2.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199500%—
199600%—
199700%—
199800%—
1999180.16%24
2000360.33%21
2001280.24%24
2002330.26%23
2003890.62%15
2004900.5%16
2005890.48%17
20061670.8%13
20072471.1%10
20081420.58%18
20091460.79%14
20101230.58%18
2011840.32%26
20121320.54%19
20131330.53%18
2014180.07%52
2015740.37%25
2016220.11%46
2017210.1%48
2018180.07%53
2019220.1%47
2020220.11%47
2021220.08%50
20222200.78%17
20231060.39%26
20246532.6%8

Products where Hong Kong sells more than half

3 products, 2.5% of what it buys
ProductSupplierShareSecondValue
Turbojets and gas turbinesHong Kong54.3%United Kingdom · 26.1%$432 million
SculpturesHong Kong96.1%over 75%France · 1.2%$112 million
Paintings and drawingsHong Kong80%over 75%United States · 9.9%$99 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 Hong Kong

Hong Kong’s 26th customer, 0.45% of its sales

Luxembourg is Hong Kong’s 26th-largest customer, with 0.45% of its exports.

Sources and method

CEPII BACI and 1 more

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.