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How dependent is Macao on Hong Kong?

In 2024, Hong Kong sold $2.4 billion to Macao, 17.9% of its imports, ranking 2nd among its suppliers. Its share was 23.3% in 2019 and 34.7% in 1995. In 40 products it sells more than 50% of what Macao buys of them (in 15, more than 75%); what Macao buys from Hong Kong in those products (dominated value) adds up to $796 million, 5.9% 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
17.9%
Value imported
$2.4billion
Rank among its suppliers
2nd
Products where it sells over 50%
40
Products where it sells over 75%
15
Dominated value
$796million
Share of total imports
5.9%

Trend

Trend in shares

Hong Kong went from 34.7% to 17.9% of what Macao buys

Share (%)

  • Hong Kong 17.9%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199591134.7%1
199695336%1
199792231.5%1
199891532.9%1
199966524.9%2
200089432.1%1
200184931.1%2
200267922.3%2
200374521.3%2
200469518.1%2
200587620.5%2
200686317.5%2
20071,07018.2%2
20081,08518.3%2
20091,10822.3%2
20101,36924.1%2
20112,31630.1%2
20122,30828.1%2
20133,46633.2%1
20143,70232.1%1
20157,85063.9%1
20162,26525.3%2
20172,52626.4%2
20182,24221.8%2
20192,60723.3%2
20201,35914.8%2
20211,90712.6%2
20222,31915.8%2
20232,16115%2
20242,40917.9%2

Products where Hong Kong sells more than half

ProductSupplierShareSecondValue
CarsHong Kong59.9%Japan · 18.8%$350 million
Powdered and condensed milkHong Kong94.8%over 75%Netherlands · 1.5%$110 million
Frozen beefHong Kong55.6%United States · 24.8%$78 million
DiamondsHong Kong86.3%over 75%South Africa · 6.5%$59 million
GoldHong Kong97.6%over 75%China · 1.5%$49 million
Edible insects and other animal productsHong Kong70.4%Indonesia · 27.3%$36 million
Edible offalHong Kong67%Brazil · 15.7%$18 million
Fresh beefHong Kong52.8%Australia · 24.1%$10 million
New tiresHong Kong56.2%China · 24.3%$7 million
Steel sheet pilingHong Kong68%China · 31.9%$7 million
Other inorganic compoundsHong Kong88.8%over 75%China · 11.2%$6 million
Carded wool yarnHong Kong99.4%over 75%Italy · 0.33%$5 million
Used clothingHong Kong92.4%over 75%France · 3.6%$5 million
Eyeglass framesHong Kong69.8%China · 15.6%$5 million
Copper pipesHong Kong55%China · 25.1%$4 million
Frozen fishHong Kong58.8%China · 6.9%$4 million
PearlsHong Kong62%Japan · 23%$4 million
Iron or steel pipe fittingsHong Kong55.3%China · 39.4%$3 million
ResistorsHong Kong86.7%over 75%Japan · 11.5%$3 million
Special-purpose vehiclesHong Kong51.8%China · 48.3%$3 million
Newspapers and magazinesHong Kong86.4%over 75%China · 10.4%$3 million
Rapeseed and mustard oilHong Kong59.8%China · 25.2%$2 million
Other pharmaceutical goodsHong Kong79.2%over 75%Germany · 5.2%$2 million
Acrylic polymersHong Kong65.3%China · 34.4%$2 million
Yarn of fine animal hair, not for retail saleHong Kong99.9%over 75%Italy · 0.09%$2 million
Peanut oilHong Kong68.1%China · 27.6%$2 million
Vacuum cleanersHong Kong68.3%Austria · 10.9%$1 million
CapacitorsHong Kong52.1%Japan · 30.6%$1 million
Electrical test instrumentsHong Kong51.3%United States · 18.6%$1 million
Parts of optical and measuring instrumentsHong Kong81.2%over 75%Malaysia · 6.1%$1 million

and 10 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 Hong Kong

Macao is Hong Kong’s 15th-largest customer, with 1.7% 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.