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Trade between Hong Kong and Italy

In 2024, Hong Kong exported $468 million to Italy and imported $5.3 billion. Hong Kong ran a deficit of $4.9 billion with Italy, compared with a deficit of $5.8 billion in 2019. Italy was Hong Kong’s 21st largest trading partner (0.7% of its trade), and Hong Kong was Italy’s 44th (0.5%).

Summary

Hong Kong → Italy
$468million
Italy → Hong Kong
$5.3billion
Hong Kong’s balance
-$4.9billion

Balance

Hong Kong’s trade balance with Italy

Trade between Hong Kong and Italy grew 34% since 1995

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

  • Exports 0.5
  • Imports 5.3
  • Balance -4.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$409 million$3.9 billion-$3.5 billion
1996$351 million$4.4 billion-$4 billion
1997$350 million$4.1 billion-$3.7 billion
1998$422 million$3.1 billion-$2.7 billion
1999$463 million$2.9 billion-$2.5 billion
2000$483 million$3.2 billion-$2.8 billion
2001$438 million$3.1 billion-$2.7 billion
2002$505 million$3 billion-$2.5 billion
2003$642 million$3.1 billion-$2.5 billion
2004$807 million$3.7 billion-$2.9 billion
2005$731 million$3.7 billion-$3 billion
2006$782 million$4 billion-$3.2 billion
2007$841 million$4.3 billion-$3.4 billion
2008$707 million$4.5 billion-$3.8 billion
2009$506 million$3.7 billion-$3.2 billion
2010$615 million$4.7 billion-$4.1 billion
2011$573 million$5.7 billion-$5.1 billion
2012$436 million$5.8 billion-$5.3 billion
2013$384 million$6.1 billion-$5.7 billion
2014$381 million$7.1 billion-$6.7 billion
2015$376 million$6.4 billion-$6 billion
2016$325 million$6 billion-$5.6 billion
2017$345 million$6.3 billion-$5.9 billion
2018$403 million$6.6 billion-$6.2 billion
2019$426 million$6.2 billion-$5.8 billion
2020$485 million$4.5 billion-$4 billion
2021$433 million$5.5 billion-$5 billion
2022$431 million$4.7 billion-$4.3 billion
2023$568 million$5.4 billion-$4.8 billion
2024$468 million$5.3 billion-$4.9 billion

What they sell each other

What Hong Kong sells to Italy

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

  1. Gold$109 million · 23.3%
    2 tonnes · Hong Kong’s destinations
  2. Jewelry$47 million · 10%
    4 tonnes · Hong Kong’s destinations
  3. Bags, suitcases and cases$22 million · 4.7%
    89 tonnes
  4. Sweaters and pullovers$16 million · 3.4%
    37 tonnes
  5. Platinum$15 million · 3.3%
    Hong Kong’s destinations
  6. Leather footwear$13 million · 2.7%
    58 tonnes
  7. Women's suits and dresses$12 million · 2.6%
    44 tonnes
  8. Cameras and broadcast equipment$11 million · 2.4%
    28 tonnes
  9. Gemstones$10 million · 2.2%
    2 tonnes
  10. Women's coats and jackets$10 million · 2.1%
    10 tonnes

What Italy sells to Hong Kong

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

  1. Bags, suitcases and cases$629 million · 11.8%
    1 thousand tonnes
  2. Jewelry$539 million · 10.1%
    47 tonnes · Italy’s destinations
  3. Diodes, transistors and solar cells$297 million · 5.6%
    274 tonnes
  4. Leather footwear$263 million · 4.9%
    4 thousand tonnes
  5. Eyeglasses and sunglasses$172 million · 3.2%
    584 tonnes
  6. Sweaters and pullovers$156 million · 2.9%
    3 thousand tonnes
  7. Women's suits and dresses$154 million · 2.9%
    2 thousand tonnes
  8. Yachts and pleasure boats$144 million · 2.7%
    2 thousand tonnes
  9. T-shirts$137 million · 2.6%
    2 thousand tonnes
  10. Makeup and skin care$117 million · 2.2%
    2 thousand tonnes · Italy’s destinations

How it travels

Estimated sea route from Hong Kong to Genoa.

The estimated sea route between Hong Kong and Genoa is 13,253 nautical miles (24,544 km) long: ≈ 30.5–39.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Gibraltar (13,253 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait and the Suez Canal (8,090 nautical miles).

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$1.4 billion · 24%
  2. Air$4.4 billion · 76%

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

How much each matters to the other

Italy was Hong Kong’s 21st largest trading partner (0.7% of its trade), and Hong Kong was Italy’s 44th (0.5%).

Italy in Hong Kong’s trade
0.7%
Italy’s rank among Hong Kong’s partners
21st
Hong Kong in Italy’s trade
0.5%
Hong Kong’s rank among Italy’s partners
44th

Compare with

Other partners of Hong Kong

Other partners of Italy

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.