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Trade between Hong Kong and Japan

In 2024, Hong Kong exported $1.8 billion to Japan and imported $34.9 billion. Hong Kong ran a deficit of $33.1 billion with Japan, compared with a deficit of $29.3 billion in 2019. Japan was Hong Kong’s 6th largest trading partner (4% of its trade), and Hong Kong was Japan’s 11th (2%).

Summary

Hong Kong → Japan
$1.8billion
Japan → Hong Kong
$34.9billion
Hong Kong’s balance
-$33.1billion

Balance

Hong Kong’s trade balance with Japan

Trade between Hong Kong and Japan grew 17% since 1995

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

  • Exports 1.8
  • Imports 34.9
  • Balance -33.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2.9 billion$28.5 billion-$25.7 billion
1996$2.7 billion$26.4 billion-$23.7 billion
1997$2.3 billion$27.4 billion-$25.1 billion
1998$1.9 billion$22.7 billion-$20.9 billion
1999$1.9 billion$20.8 billion-$19 billion
2000$1.8 billion$27.1 billion-$25.3 billion
2001$1.5 billion$23.9 billion-$22.4 billion
2002$1.4 billion$24.9 billion-$23.4 billion
2003$1.4 billion$28.4 billion-$27 billion
2004$1.8 billion$33.6 billion-$31.9 billion
2005$1.6 billion$34 billion-$32.4 billion
2006$1.6 billion$35.4 billion-$33.8 billion
2007$1.8 billion$37 billion-$35.1 billion
2008$2 billion$37.6 billion-$35.6 billion
2009$1.6 billion$31.2 billion-$29.6 billion
2010$2.4 billion$41.4 billion-$39 billion
2011$2 billion$42.8 billion-$40.8 billion
2012$2.3 billion$41 billion-$38.8 billion
2013$1.8 billion$37 billion-$35.2 billion
2014$1.9 billion$38 billion-$36.1 billion
2015$1.5 billion$34.7 billion-$33.3 billion
2016$1.6 billion$32.9 billion-$31.3 billion
2017$1.5 billion$33.6 billion-$32.1 billion
2018$1.6 billion$32.8 billion-$31.2 billion
2019$2 billion$31.3 billion-$29.3 billion
2020$1.8 billion$32 billion-$30.3 billion
2021$1.8 billion$35.4 billion-$33.6 billion
2022$1.6 billion$32.8 billion-$31.2 billion
2023$2.5 billion$31.1 billion-$28.6 billion
2024$1.8 billion$34.9 billion-$33.1 billion

What they sell each other

What Hong Kong sells to Japan

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

  1. Turbojets and gas turbines$536 million · 30.2%
    265 tonnes · Hong Kong’s destinations
  2. Platinum$154 million · 8.6%
    3 tonnes · Hong Kong’s destinations
  3. Live fish$131 million · 7.4%
    10 tonnes
  4. Precious metal scrap$123 million · 6.9%
    22 tonnes
  5. Air conditioners$46 million · 2.6%
    1 thousand tonnes · Japan’s sources
  6. Phones and telecom equipment$46 million · 2.6%
    174 tonnes
  7. Sports equipment$44 million · 2.5%
    347 tonnes
  8. Jewelry$40 million · 2.3%
    1 tonne · Hong Kong’s destinations
  9. Computer and office machine parts$21 million · 1.2%
    140 tonnes
  10. Men's knitted shirts$18 million · 1%
    307 tonnes

What Japan sells to Hong Kong

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

  1. Gold$10 billion · 28.5%
    119 tonnes · Japan’s destinations
  2. Microchips$7.2 billion · 20.5%
    3 thousand tonnes · Japan’s destinations
  3. Diodes, transistors and solar cells$1.2 billion · 3.4%
    2 thousand tonnes
  4. Capacitors$1.2 billion · 3.4%
    7 thousand tonnes
  5. Cameras and broadcast equipment$1.1 billion · 3.2%
    3 thousand tonnes
  6. Low-voltage switches and connectors$927 million · 2.7%
    5 thousand tonnes
  7. Turbojets and gas turbines$821 million · 2.4%
    795 tonnes · Japan’s destinations
  8. Printed circuit boards$519 million · 1.5%
    514 tonnes
  9. Cars$470 million · 1.4%
    26 thousand tonnes · Japan’s destinations
  10. Jewelry$463 million · 1.3%
    7 tonnes · Hong Kong’s sources

How it travels

Hong Kong and Japan traded $36.7 billion in 2024 (both directions together). They trade mostly by air: 84% of the value travels by plane.

Split by transport mode

  1. Sea$5.8 billion · 15.8%
  2. Air$30.9 billion · 84.2%

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

How much each matters to the other

Japan was Hong Kong’s 6th largest trading partner (4% of its trade), and Hong Kong was Japan’s 11th (2%).

Japan in Hong Kong’s trade
4.4%
Japan’s rank among Hong Kong’s partners
6th
Hong Kong in Japan’s trade
2.5%
Hong Kong’s rank among Japan’s partners
11th

Compare with

Other partners of Hong Kong

Other partners of Japan

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.