globaltraffic.earth

Trade between Hong Kong and Spain

In 2024, Hong Kong exported $450 million to Spain and imported $909 million. Hong Kong ran a deficit of $459 million with Spain, compared with a deficit of $646 million in 2019. Spain was Hong Kong’s 33rd largest trading partner (0.2% of its trade), and Hong Kong was Spain’s 69th (0.2%).

Summary

Hong Kong → Spain
$450million
Spain → Hong Kong
$909million
Hong Kong’s balance
-$459million

Balance

Hong Kong’s trade balance with Spain

Trade between Hong Kong and Spain grew 59% since 1995

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

  • Exports 0.5
  • Imports 0.9
  • Balance -0.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$311 million$545 million-$234 million
1996$246 million$698 million-$452 million
1997$272 million$919 million-$647 million
1998$322 million$801 million-$479 million
1999$348 million$508 million-$160 million
2000$375 million$618 million-$243 million
2001$323 million$544 million-$221 million
2002$334 million$547 million-$213 million
2003$385 million$530 million-$145 million
2004$443 million$589 million-$146 million
2005$618 million$722 million-$103 million
2006$736 million$724 million$12 million
2007$713 million$760 million-$47 million
2008$736 million$1 billion-$270 million
2009$412 million$794 million-$382 million
2010$425 million$1 billion-$578 million
2011$473 million$1.3 billion-$831 million
2012$451 million$1.2 billion-$796 million
2013$432 million$1.2 billion-$769 million
2014$355 million$1.2 billion-$835 million
2015$304 million$981 million-$678 million
2016$281 million$1 billion-$766 million
2017$284 million$1.1 billion-$855 million
2018$380 million$1.1 billion-$706 million
2019$426 million$1.1 billion-$646 million
2020$387 million$851 million-$463 million
2021$357 million$951 million-$594 million
2022$329 million$852 million-$523 million
2023$293 million$878 million-$585 million
2024$450 million$909 million-$459 million

What they sell each other

What Hong Kong sells to Spain

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

  1. Batteries$132 million · 29.4%
    5 thousand tonnes · Spain’s sources
  2. Cameras and broadcast equipment$77 million · 17.2%
    1 thousand tonnes
  3. Turbojets and gas turbines$14 million · 3.1%
    3 tonnes · Hong Kong’s destinations
  4. Jewelry$13 million · 2.9%
    4 tonnes · Hong Kong’s destinations
  5. Computers$12 million · 2.7%
    74 tonnes · Hong Kong’s destinations
  6. Computer and office machine parts$8 million · 1.8%
    106 tonnes
  7. Electric heaters and hair dryers$8 million · 1.7%
    572 tonnes
  8. Microchips$7 million · 1.6%
    54 tonnes · Hong Kong’s destinations
  9. Diodes, transistors and solar cells$7 million · 1.6%
    3 thousand tonnes
  10. Printed circuit boards$6 million · 1.3%
    181 tonnes

What Spain sells to Hong Kong

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

  1. Medicines in measured doses or retail packs$58 million · 6.3%
    884 tonnes · Spain’s destinations
  2. Perfumes$57 million · 6.2%
    869 tonnes · Spain’s destinations
  3. Bags, suitcases and cases$53 million · 5.8%
    104 tonnes
  4. Precious metal watches$51 million · 5.6%
    2 tonnes
  5. Other wristwatches$48 million · 5.3%
    4 tonnes
  6. Makeup and skin care$48 million · 5.3%
    1 thousand tonnes · Spain’s destinations
  7. Cigarettes and cigars$41 million · 4.5%
    55 tonnes
  8. Turbojets and gas turbines$32 million · 3.6%
    55 tonnes · Spain’s destinations
  9. Aluminum scrap$28 million · 3.1%
    16 thousand tonnes
  10. Pork$28 million · 3%
    4 thousand tonnes · Spain’s destinations

How it travels

Estimated sea route from Hong Kong to Valencia.

The estimated sea route between Hong Kong and Valencia is 12,771 nautical miles (23,652 km) long: ≈ 29.5–38 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Gibraltar (12,771 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait and the Suez Canal (8,382 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$545 million · 40.1%
  2. Air$814 million · 59.9%

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

How much each matters to the other

Spain was Hong Kong’s 33rd largest trading partner (0.2% of its trade), and Hong Kong was Spain’s 69th (0.2%).

Spain in Hong Kong’s trade
0.2%
Spain’s rank among Hong Kong’s partners
33rd
Hong Kong in Spain’s trade
0.2%
Hong Kong’s rank among Spain’s partners
69th

Compare with

Other partners of Hong Kong

Other partners of Spain

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.