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Trade between Hong Kong and Mexico

In 2024, Hong Kong exported $2.2 billion to Mexico and imported $623 million. Hong Kong ran a surplus of $1.6 billion with Mexico, compared with a deficit of $686 million in 2019. Mexico was Hong Kong’s 26th largest trading partner (0.4% of its trade), and Hong Kong was Mexico’s 29th (0.2%).

Summary

Hong Kong → Mexico
$2.2billion
Mexico → Hong Kong
$623million
Hong Kong’s balance
$1.6billion

Balance

Hong Kong’s trade balance with Mexico

Trade between Hong Kong and Mexico grew 3.9-fold since 1995

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

  • Exports 2.2
  • Imports 0.6
  • Balance +1.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$194 million$532 million-$337 million
1996$174 million$273 million-$99 million
1997$240 million$236 million$4 million
1998$257 million$251 million$6 million
1999$328 million$217 million$111 million
2000$512 million$276 million$235 million
2001$567 million$340 million$228 million
2002$574 million$279 million$295 million
2003$567 million$234 million$332 million
2004$519 million$272 million$246 million
2005$616 million$243 million$373 million
2006$746 million$316 million$430 million
2007$554 million$372 million$183 million
2008$741 million$493 million$248 million
2009$332 million$481 million-$148 million
2010$386 million$607 million-$221 million
2011$452 million$634 million-$183 million
2012$434 million$859 million-$424 million
2013$513 million$845 million-$332 million
2014$994 million$978 million$15 million
2015$538 million$797 million-$259 million
2016$765 million$736 million$29 million
2017$952 million$1 billion-$81 million
2018$789 million$1.2 billion-$364 million
2019$695 million$1.4 billion-$686 million
2020$1.2 billion$1.6 billion-$395 million
2021$881 million$765 million$117 million
2022$912 million$663 million$249 million
2023$1 billion$501 million$502 million
2024$2.2 billion$623 million$1.6 billion

What they sell each other

What Hong Kong sells to Mexico

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

  1. Cameras and broadcast equipment$1.4 billion · 62.9%
    4 thousand tonnes
  2. Sports equipment$113 million · 5%
    521 tonnes
  3. Calculators and cash registers$58 million · 2.6%
    672 tonnes
  4. Microchips$49 million · 2.2%
    9 tonnes · Hong Kong’s destinations
  5. Printed circuit boards$42 million · 1.9%
    12 thousand tonnes
  6. Other plastic articles$35 million · 1.6%
    3 thousand tonnes
  7. Transformers and power supplies$29 million · 1.3%
    3 thousand tonnes
  8. Batteries$29 million · 1.3%
    1 thousand tonnes · Mexico’s sources
  9. Computers$28 million · 1.2%
    92 tonnes · Hong Kong’s destinations
  10. T-shirts$26 million · 1.2%
    754 tonnes

What Mexico sells to Hong Kong

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

  1. Microchips$229 million · 36.8%
    81 tonnes · Mexico’s destinations
  2. Cameras and broadcast equipment$98 million · 15.8%
    290 tonnes
  3. Computer and office machine parts$55 million · 8.9%
    192 tonnes
  4. Computers$23 million · 3.7%
    97 tonnes · Mexico’s destinations
  5. Phones and telecom equipment$23 million · 3.7%
  6. Frozen beef$19 million · 3.1%
    3 thousand tonnes
  7. Transformers and power supplies$15 million · 2.4%
    642 tonnes
  8. Aluminum scrap$12 million · 2%
    8 thousand tonnes
  9. Low-voltage switches and connectors$11 million · 1.8%
    91 tonnes
  10. Cables and wire$9 million · 1.5%
    226 tonnes · Mexico’s destinations

How it travels

Hong Kong and Mexico traded $2.9 billion in 2024 (both directions together). They trade mostly by air: 82% of the value travels by plane.

Split by transport mode

  1. Sea$513 million · 18%
  2. Air$2.3 billion · 82%

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

How much each matters to the other

Mexico was Hong Kong’s 26th largest trading partner (0.4% of its trade), and Hong Kong was Mexico’s 29th (0.2%).

Mexico in Hong Kong’s trade
0.4%
Mexico’s rank among Hong Kong’s partners
26th
Hong Kong in Mexico’s trade
0.2%
Hong Kong’s rank among Mexico’s partners
29th

Compare with

Other partners of Hong Kong

Other partners of Mexico

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.