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Trade between Hong Kong and South Africa

In 2024, Hong Kong exported $118 million to South Africa and imported $2.2 billion. Hong Kong ran a deficit of $2.1 billion with South Africa, compared with a deficit of $2 billion in 2019. South Africa was Hong Kong’s 28th largest trading partner (0.3% of its trade), and Hong Kong was South Africa’s 28th (0.9%).

Summary

Hong Kong → South Africa
$118million
South Africa → Hong Kong
$2.2billion
Hong Kong’s balance
-$2.1billion

Balance

Hong Kong’s trade balance with South Africa

Trade between Hong Kong and South Africa grew 16% since 1995

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

  • Exports 0.1
  • Imports 2.2
  • Balance -2.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$489 million$1.5 billion-$1 billion
1996$502 million$1.1 billion-$607 million
1997$494 million$1 billion-$547 million
1998$400 million$599 million-$199 million
1999$363 million$649 million-$286 million
2000$301 million$717 million-$416 million
2001$277 million$534 million-$257 million
2002$269 million$489 million-$221 million
2003$329 million$660 million-$331 million
2004$565 million$727 million-$162 million
2005$509 million$775 million-$266 million
2006$528 million$519 million$9 million
2007$500 million$1 billion-$547 million
2008$418 million$940 million-$522 million
2009$324 million$1.3 billion-$996 million
2010$313 million$1.1 billion-$811 million
2011$390 million$3.8 billion-$3.5 billion
2012$339 million$5.9 billion-$5.5 billion
2013$289 million$8.5 billion-$8.2 billion
2014$526 million$5.8 billion-$5.3 billion
2015$527 million$4 billion-$3.4 billion
2016$342 million$4.5 billion-$4.2 billion
2017$286 million$3.7 billion-$3.4 billion
2018$232 million$3.2 billion-$3 billion
2019$233 million$2.2 billion-$2 billion
2020$181 million$2.1 billion-$1.9 billion
2021$164 million$3.4 billion-$3.3 billion
2022$132 million$1.9 billion-$1.8 billion
2023$111 million$3 billion-$2.9 billion
2024$118 million$2.2 billion-$2.1 billion

What they sell each other

What Hong Kong sells to South Africa

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

  1. Turbojets and gas turbines$16 million · 13.6%
    8 tonnes · Hong Kong’s destinations
  2. 74 tonnes
  3. Other wristwatches$8 million · 6.6%
    31 tonnes
  4. Refined petroleum$6 million · 4.7%
    4 thousand tonnes · South Africa’s sources
  5. Steel wire rod$4 million · 3.4%
    5 thousand tonnes
  6. Computers$3 million · 2.7%
    341 tonnes · Hong Kong’s destinations
  7. 1 tonne
  8. Microchips$3 million · 2.5%
    Hong Kong’s destinations
  9. Alloy steel sheet$3 million · 2.3%
    3 thousand tonnes
  10. Jewelry$3 million · 2.2%
    1 tonne · Hong Kong’s destinations

What South Africa sells to Hong Kong

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

  1. Platinum$1.2 billion · 56.1%
    33 tonnes · South Africa’s destinations
  2. Gold$505 million · 23.1%
    7 tonnes · South Africa’s destinations
  3. Diamonds$100 million · 4.6%
    South Africa’s destinations
  4. Chromium ore$87 million · 4%
    474 thousand tonnes · South Africa’s destinations
  5. Citrus fruit$50 million · 2.3%
    62 thousand tonnes · South Africa’s destinations
  6. 574 tonnes
  7. Jewelry$14 million · 0.65%
    1 tonne · Hong Kong’s sources
  8. Refined copper$13 million · 0.59%
    1 thousand tonnes
  9. Phones and telecom equipment$13 million · 0.58%
  10. Prepared shellfish$11 million · 0.52%
    277 tonnes

How it travels

Hong Kong and South Africa traded $2.3 billion in 2024 (both directions together). They trade mostly by air: 85% of the value travels by plane.

Split by transport mode

  1. Sea$340 million · 14.8%
  2. Air$2 billion · 85.2%

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

How much each matters to the other

South Africa was Hong Kong’s 28th largest trading partner (0.3% of its trade), and Hong Kong was South Africa’s 28th (0.9%).

South Africa in Hong Kong’s trade
0.3%
South Africa’s rank among Hong Kong’s partners
28th
Hong Kong in South Africa’s trade
0.9%
Hong Kong’s rank among South Africa’s partners
28th

Compare with

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.