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Trade between Hong Kong and the Philippines

In 2024, Hong Kong exported $2.3 billion to the Philippines and imported $11.4 billion. Hong Kong ran a deficit of $9.1 billion with the Philippines, compared with a deficit of $6.3 billion in 2019. The Philippines was Hong Kong’s 13th largest trading partner (2% of its trade), and Hong Kong was the Philippines’ 5th (6%).

Summary

Hong Kong → Philippines
$2.3billion
Philippines → Hong Kong
$11.4billion
Hong Kong’s balance
-$9.1billion

Balance

Hong Kong’s trade balance with the Philippines

Trade between Hong Kong and the Philippines grew 4.8-fold since 1995

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

  • Exports 2.3
  • Imports 11.4
  • Balance -9.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2 billion$859 million$1.1 billion
1996$1.6 billion$1.3 billion$299 million
1997$1.8 billion$1.9 billion-$131 million
1998$1.5 billion$2.1 billion-$643 million
1999$1.4 billion$2.9 billion-$1.5 billion
2000$1.5 billion$3.2 billion-$1.7 billion
2001$1.6 billion$2.9 billion-$1.3 billion
2002$1.9 billion$2.5 billion-$677 million
2003$1.9 billion$5.8 billion-$3.9 billion
2004$2 billion$4.5 billion-$2.5 billion
2005$2.2 billion$5.2 billion-$3 billion
2006$2.4 billion$5 billion-$2.6 billion
2007$2.6 billion$8.7 billion-$6.1 billion
2008$2.4 billion$8.6 billion-$6.3 billion
2009$1.7 billion$5.5 billion-$3.8 billion
2010$1.8 billion$5.5 billion-$3.7 billion
2011$1.5 billion$6.6 billion-$5 billion
2012$1.9 billion$7.3 billion-$5.5 billion
2013$1.9 billion$7.2 billion-$5.4 billion
2014$2.3 billion$5.2 billion-$2.9 billion
2015$2.4 billion$8.2 billion-$5.8 billion
2016$2.7 billion$9.2 billion-$6.5 billion
2017$3.1 billion$16.2 billion-$13.1 billion
2018$3.3 billion$16.2 billion-$12.9 billion
2019$3.9 billion$10.2 billion-$6.3 billion
2020$3.1 billion$10.6 billion-$7.5 billion
2021$3.5 billion$12.5 billion-$9 billion
2022$3.3 billion$13.5 billion-$10.2 billion
2023$2.3 billion$11.7 billion-$9.4 billion
2024$2.3 billion$11.4 billion-$9.1 billion

What they sell each other

What Hong Kong sells to the Philippines

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

  1. Computer and office machine parts$668 million · 29.2%
    3 thousand tonnes
  2. Microchips$363 million · 15.8%
    598 tonnes · Hong Kong’s destinations
  3. Printed circuit boards$102 million · 4.5%
    2 thousand tonnes
  4. Video recorders and players$74 million · 3.3%
    383 tonnes
  5. Computers$64 million · 2.8%
    233 tonnes · Hong Kong’s destinations
  6. Turbojets and gas turbines$64 million · 2.8%
    94 tonnes · Hong Kong’s destinations
  7. Cables and wire$61 million · 2.7%
    3 thousand tonnes · the Philippines’ sources
  8. Diodes, transistors and solar cells$56 million · 2.4%
    135 tonnes
  9. Low-voltage switches and connectors$51 million · 2.2%
    4 thousand tonnes
  10. Cameras and broadcast equipment$35 million · 1.5%
    333 tonnes

What the Philippines sells to Hong Kong

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

  1. Microchips$5.9 billion · 51.8%
    3 thousand tonnes · the Philippines’ destinations
  2. Gold$1.5 billion · 13%
    50 tonnes · the Philippines’ destinations
  3. Computer and office machine parts$1.2 billion · 10.2%
    2 thousand tonnes
  4. Capacitors$408 million · 3.6%
    5 thousand tonnes
  5. Diodes, transistors and solar cells$398 million · 3.5%
    741 tonnes
  6. Discs and storage media$335 million · 2.9%
    312 tonnes
  7. Parts for broadcast equipment$271 million · 2.4%
    188 tonnes
  8. Precious metal scrap$178 million · 1.6%
    12 tonnes
  9. Transformers and power supplies$176 million · 1.5%
    3 thousand tonnes
  10. Electric motors and generators$162 million · 1.4%
    7 thousand tonnes

How it travels

Hong Kong and the Philippines traded $13.7 billion in 2024 (both directions together). They trade mostly by air: 90% of the value travels by plane.

Split by transport mode

  1. Sea$1.4 billion · 10%
  2. Air$12.3 billion · 90%

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

How much each matters to the other

The Philippines was Hong Kong’s 13th largest trading partner (2% of its trade), and Hong Kong was the Philippines’ 5th (6%).

The Philippines in Hong Kong’s trade
1.7%
The Philippines’ rank among Hong Kong’s partners
13th
Hong Kong in the Philippines’ trade
5.8%
Hong Kong’s rank among the Philippines’ partners
5th

Compare with

Other partners of Hong Kong

Other partners of the Philippines

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.