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Trade between Hong Kong and Malaysia

In 2024, Hong Kong exported $3.6 billion to Malaysia and imported $21.1 billion. Hong Kong ran a deficit of $17.6 billion with Malaysia, compared with a deficit of $16.2 billion in 2019. Malaysia was Hong Kong’s 9th largest trading partner (3% of its trade), and Hong Kong was Malaysia’s 7th (3%).

Summary

Hong Kong → Malaysia
$3.6billion
Malaysia → Hong Kong
$21.1billion
Hong Kong’s balance
-$17.6billion

Balance

Hong Kong’s trade balance with Malaysia

Trade between Hong Kong and Malaysia grew 4.1-fold since 1995

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

  • Exports 3.6
  • Imports 21.1
  • Balance -17.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.7 billion$4.3 billion-$2.7 billion
1996$1.8 billion$5.3 billion-$3.5 billion
1997$2 billion$5.5 billion-$3.6 billion
1998$1.5 billion$4.5 billion-$3 billion
1999$1.7 billion$4.1 billion-$2.4 billion
2000$2.3 billion$5.2 billion-$2.9 billion
2001$1.9 billion$5.4 billion-$3.5 billion
2002$2.3 billion$4.3 billion-$2 billion
2003$2.2 billion$6.1 billion-$3.9 billion
2004$2.8 billion$6.9 billion-$4.1 billion
2005$2.9 billion$7.4 billion-$4.5 billion
2006$3.5 billion$8.4 billion-$4.9 billion
2007$4.2 billion$8.7 billion-$4.4 billion
2008$3.7 billion$8.7 billion-$4.9 billion
2009$3.1 billion$9 billion-$5.9 billion
2010$3.9 billion$11.2 billion-$7.3 billion
2011$4.8 billion$11.7 billion-$6.9 billion
2012$4.8 billion$7.9 billion-$3.1 billion
2013$3.4 billion$11 billion-$7.6 billion
2014$3.4 billion$13.2 billion-$9.8 billion
2015$3.1 billion$12.3 billion-$9.1 billion
2016$3.1 billion$11.6 billion-$8.5 billion
2017$3.4 billion$14 billion-$10.5 billion
2018$3.9 billion$23.7 billion-$19.8 billion
2019$3.5 billion$19.7 billion-$16.2 billion
2020$3.5 billion$20.8 billion-$17.3 billion
2021$4.3 billion$21 billion-$16.7 billion
2022$3.7 billion$23.2 billion-$19.4 billion
2023$3.6 billion$19.3 billion-$15.7 billion
2024$3.6 billion$21.1 billion-$17.6 billion

What they sell each other

What Hong Kong sells to Malaysia

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

  1. Microchips$870 million · 24.5%
    4 thousand tonnes · Hong Kong’s destinations
  2. Cameras and broadcast equipment$328 million · 9.2%
    1 thousand tonnes
  3. Gold$287 million · 8.1%
    4 tonnes · Hong Kong’s destinations
  4. Jewelry$254 million · 7.2%
    34 tonnes · Hong Kong’s destinations
  5. Computers$185 million · 5.2%
    649 tonnes · Hong Kong’s destinations
  6. Electrical test instruments$138 million · 3.9%
    214 tonnes
  7. Computer and office machine parts$126 million · 3.6%
    2 thousand tonnes
  8. Printed circuit boards$92 million · 2.6%
    7 thousand tonnes
  9. Diodes, transistors and solar cells$57 million · 1.6%
    8 thousand tonnes
  10. Transformers and power supplies$54 million · 1.5%
    4 thousand tonnes

What Malaysia sells to Hong Kong

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

  1. Microchips$13.5 billion · 64%
    4 thousand tonnes · Malaysia’s destinations
  2. Steel bars$1.1 billion · 5.1%
    2 million tonnes
  3. Diodes, transistors and solar cells$1 billion · 4.8%
    2 thousand tonnes
  4. Computers$711 million · 3.4%
    3 thousand tonnes · Malaysia’s destinations
  5. Refined petroleum$646 million · 3.1%
    1.1 million tonnes · Malaysia’s destinations
  6. Cameras and broadcast equipment$526 million · 2.5%
    1 thousand tonnes
  7. Discs and storage media$332 million · 1.6%
    583 tonnes
  8. Gold$255 million · 1.2%
    4 tonnes · Hong Kong’s sources
  9. Capacitors$196 million · 0.93%
    2 thousand tonnes
  10. Phones and telecom equipment$181 million · 0.86%
    626 tonnes

How it travels

Hong Kong and Malaysia traded $24.7 billion in 2024 (both directions together). They trade mostly by air: 84% of the value travels by plane.

Split by transport mode

  1. Sea$3.9 billion · 15.7%
  2. Air$20.8 billion · 84.3%

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

How much each matters to the other

Malaysia was Hong Kong’s 9th largest trading partner (3% of its trade), and Hong Kong was Malaysia’s 7th (3%).

Malaysia in Hong Kong’s trade
3%
Malaysia’s rank among Hong Kong’s partners
9th
Hong Kong in Malaysia’s trade
3.5%
Hong Kong’s rank among Malaysia’s partners
7th

Compare with

Other partners of Hong Kong

Other partners of Malaysia

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.