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Trade between Canada and Hong Kong

In 2024, Canada exported $2.9 billion to Hong Kong and imported $355 million. Canada ran a surplus of $2.5 billion with Hong Kong, compared with a surplus of $2.7 billion in 2019. Hong Kong was Canada’s 28th largest trading partner (0.3% of its trade), and Canada was Hong Kong’s 24th (0.4%).

Summary

Canada → Hong Kong
$2.9billion
Hong Kong → Canada
$355million
Canada’s balance
$2.5billion

Balance

Canada’s trade balance with Hong Kong

Trade between Canada and Hong Kong grew 31% since 1995

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

  • Exports 2.9
  • Imports 0.4
  • Balance +2.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.5 billion$1 billion$416 million
1996$1.2 billion$873 million$312 million
1997$1.5 billion$971 million$568 million
1998$1.3 billion$886 million$392 million
1999$980 million$927 million$53 million
2000$1.4 billion$1.1 billion$232 million
2001$1.2 billion$881 million$280 million
2002$1.1 billion$696 million$370 million
2003$1.1 billion$638 million$435 million
2004$1.2 billion$661 million$584 million
2005$1.3 billion$545 million$761 million
2006$1.5 billion$640 million$880 million
2007$1.5 billion$623 million$918 million
2008$1.8 billion$547 million$1.2 billion
2009$1.4 billion$421 million$944 million
2010$1.9 billion$399 million$1.5 billion
2011$2.5 billion$827 million$1.6 billion
2012$2.5 billion$409 million$2.1 billion
2013$4.2 billion$300 million$3.9 billion
2014$4 billion$428 million$3.6 billion
2015$3.1 billion$555 million$2.6 billion
2016$2 billion$437 million$1.6 billion
2017$1.8 billion$957 million$818 million
2018$2.6 billion$328 million$2.3 billion
2019$3.2 billion$447 million$2.7 billion
2020$1.2 billion$560 million$649 million
2021$3.1 billion$401 million$2.7 billion
2022$3.1 billion$424 million$2.7 billion
2023$3.8 billion$396 million$3.5 billion
2024$2.9 billion$355 million$2.5 billion

What they sell each other

What Canada sells to Hong Kong

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

  1. Gold$1.5 billion · 53%
    21 tonnes · Canada’s destinations
  2. Crude petroleum$306 million · 10.6%
    551 thousand tonnes · Canada’s destinations
  3. Airplanes and helicopters$72 million · 2.5%
    54 tonnes · Canada’s destinations
  4. Aluminum scrap$69 million · 2.4%
    32 thousand tonnes
  5. Cameras and broadcast equipment$63 million · 2.2%
    77 tonnes
  6. Turbojets and gas turbines$59 million · 2.1%
    28 tonnes · Canada’s destinations
  7. Coal$52 million · 1.8%
    399 thousand tonnes · Canada’s destinations
  8. Crustaceans (shrimp, lobster, crab)$37 million · 1.3%
    2 thousand tonnes
  9. Medicines in measured doses or retail packs$34 million · 1.2%
    389 tonnes · Canada’s destinations
  10. Microchips$30 million · 1%
    14 tonnes · Hong Kong’s sources

What Hong Kong sells to Canada

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

  1. Silver$96 million · 27%
    110 tonnes
  2. Precious metal watches$17 million · 4.7%
    2 tonnes
  3. Jewelry$16 million · 4.5%
    1 tonne · Hong Kong’s destinations
  4. Turbojets and gas turbines$10 million · 2.9%
    5 tonnes · Hong Kong’s destinations
  5. Calculators and cash registers$8 million · 2.3%
    96 tonnes
  6. Parts for broadcast equipment$8 million · 2.3%
    101 tonnes
  7. Pasta$6 million · 1.8%
    2 thousand tonnes
  8. Sweaters and pullovers$6 million · 1.6%
    91 tonnes
  9. Bread, biscuits and pastries$6 million · 1.6%
    568 tonnes
  10. Steel angles and sections$5 million · 1.5%
    6 thousand tonnes

How it travels

Estimated sea route from Vancouver to Hong Kong.

The estimated sea route between Vancouver and Hong Kong is 5,892 nautical miles (10,912 km) long: ≈ 13.5–17.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$988 million · 30.4%
  2. Air$2.3 billion · 69.6%

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

How much each matters to the other

Hong Kong was Canada’s 28th largest trading partner (0.3% of its trade), and Canada was Hong Kong’s 24th (0.4%).

Hong Kong in Canada’s trade
0.3%
Hong Kong’s rank among Canada’s partners
28th
Canada in Hong Kong’s trade
0.4%
Canada’s rank among Hong Kong’s partners
24th

Compare with

Other partners of Canada

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.