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Trade between Australia and Hong Kong

In 2024, Australia exported $7.6 billion to Hong Kong and imported $617 million. Australia ran a surplus of $7 billion with Hong Kong, compared with a surplus of $6.7 billion in 2019. Hong Kong was Australia’s 15th largest trading partner (1% of its trade), and Australia was Hong Kong’s 15th (1%).

Summary

Australia → Hong Kong
$7.6billion
Hong Kong → Australia
$617million
Australia’s balance
$7billion

Balance

Australia’s trade balance with Hong Kong

Trade between Australia and Hong Kong grew 2.6-fold since 1995

USD billions (current). Australia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 7.6
  • Imports 0.6
  • Balance +7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2.3 billion$836 million$1.5 billion
1996$2.6 billion$827 million$1.7 billion
1997$3.3 billion$873 million$2.4 billion
1998$2.8 billion$888 million$1.9 billion
1999$2.2 billion$917 million$1.3 billion
2000$2 billion$1 billion$1 billion
2001$2 billion$1 billion$987 million
2002$2.1 billion$1 billion$1 billion
2003$1.9 billion$1.1 billion$795 million
2004$2 billion$1.4 billion$603 million
2005$2 billion$1.5 billion$482 million
2006$2.4 billion$1.7 billion$694 million
2007$2.1 billion$1.7 billion$473 million
2008$2.2 billion$1.6 billion$653 million
2009$2.2 billion$1.8 billion$426 million
2010$2.5 billion$1.5 billion$1 billion
2011$3.1 billion$1.6 billion$1.5 billion
2012$6.1 billion$1.4 billion$4.7 billion
2013$10.3 billion$1.3 billion$9 billion
2014$7.7 billion$1.1 billion$6.6 billion
2015$4.7 billion$1.2 billion$3.6 billion
2016$6.4 billion$743 million$5.6 billion
2017$14.7 billion$737 million$14 billion
2018$11.7 billion$974 million$10.7 billion
2019$7.3 billion$540 million$6.7 billion
2020$6 billion$977 million$5.1 billion
2021$5.1 billion$747 million$4.3 billion
2022$5.7 billion$1 billion$4.7 billion
2023$7.8 billion$913 million$6.9 billion
2024$7.6 billion$617 million$7 billion

What they sell each other

What Australia sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Gold$5.5 billion · 72.9%
    78 tonnes · Australia’s destinations
  2. Crustaceans (shrimp, lobster, crab)$162 million · 2.1%
    5 thousand tonnes
  3. Cameras and broadcast equipment$154 million · 2%
    274 tonnes
  4. Wine$131 million · 1.7%
    10 thousand tonnes · Australia’s destinations
  5. Live horses, donkeys and mules$111 million · 1.5%
    993 tonnes
  6. Aluminum scrap$87 million · 1.2%
    50 thousand tonnes
  7. Natural gas and LPG$70 million · 0.93%
    140 thousand tonnes
  8. Computers$62 million · 0.82%
    195 tonnes · Hong Kong’s sources
  9. Fresh beef$60 million · 0.79%
    3 thousand tonnes
  10. Citrus fruit$48 million · 0.63%
    35 thousand tonnes

What Hong Kong sells to Australia

The top 10 headings in 2024, with their share of the total.

  1. Jewelry$51 million · 8.3%
    1 tonne · Hong Kong’s destinations
  2. Optical fibers and lenses$40 million · 6.5%
    84 tonnes
  3. Monitors and projectors$28 million · 4.6%
    1 thousand tonnes · Australia’s sources
  4. Men's knitted coats and jackets$26 million · 4.2%
    488 tonnes
  5. Women's suits and dresses$26 million · 4.2%
    605 tonnes
  6. Computers$24 million · 4%
    142 tonnes · Hong Kong’s destinations
  7. Rubber and plastic footwear$22 million · 3.6%
    861 tonnes
  8. Sauces and condiments$21 million · 3.4%
    6 thousand tonnes
  9. Computer and office machine parts$21 million · 3.3%
    102 tonnes
  10. Platinum$16 million · 2.5%
    1 tonne · Hong Kong’s destinations

How it travels

Australia and Hong Kong traded $8.2 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$1.5 billion · 18.7%
  2. Air$6.7 billion · 81.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Hong Kong was Australia’s 15th largest trading partner (1% of its trade), and Australia was Hong Kong’s 15th (1%).

Hong Kong in Australia’s trade
1.3%
Hong Kong’s rank among Australia’s partners
15th
Australia in Hong Kong’s trade
1%
Australia’s rank among Hong Kong’s partners
15th

Compare with

Other partners of Australia

Other partners of Hong Kong

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.