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Trade between Hong Kong and Taiwan

In 2024, Hong Kong exported $2.2 billion to Taiwan and imported $69.6 billion. Hong Kong ran a deficit of $67.3 billion with Taiwan, compared with a deficit of $39.5 billion in 2019. Taiwan was Hong Kong’s 2nd largest trading partner (9% of its trade), and Hong Kong was Taiwan’s 4th (8%).

Summary

Hong Kong → Taiwan
$2.2billion
Taiwan → Hong Kong
$69.6billion
Hong Kong’s balance
-$67.3billion

Balance

Hong Kong’s trade balance with Taiwan

Trade between Hong Kong and Taiwan grew 3.4-fold since 1995

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

  • Exports 2.2
  • Imports 69.6
  • Balance -67.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$4.6 billion$16.7 billion-$12 billion
1996$4.3 billion$15.9 billion-$11.6 billion
1997$2.5 billion$21.1 billion-$18.6 billion
1998$2.4 billion$17.4 billion-$15 billion
1999$2.5 billion$16.8 billion-$14.3 billion
2000$2.5 billion$21.9 billion-$19.4 billion
2001$2.1 billion$19.4 billion-$17.3 billion
2002$1.9 billion$22.5 billion-$20.5 billion
2003$2.1 billion$21.7 billion-$19.6 billion
2004$2.4 billion$24.5 billion-$22.1 billion
2005$2.3 billion$26.6 billion-$24.4 billion
2006$2.5 billion$30.3 billion-$27.7 billion
2007$2.7 billion$38.8 billion-$36.1 billion
2008$2.4 billion$34.2 billion-$31.8 billion
2009$2.2 billion$20.4 billion-$18.2 billion
2010$2 billion$32.3 billion-$30.2 billion
2011$2.3 billion$34.2 billion-$31.9 billion
2012$3.4 billion$35 billion-$31.6 billion
2013$2.2 billion$35.2 billion-$33.1 billion
2014$2.5 billion$40.3 billion-$37.8 billion
2015$1.8 billion$37.2 billion-$35.4 billion
2016$2.8 billion$39.4 billion-$36.5 billion
2017$4.2 billion$43.4 billion-$39.2 billion
2018$3.4 billion$43.5 billion-$40.1 billion
2019$1.9 billion$41.5 billion-$39.5 billion
2020$2 billion$53.5 billion-$51.5 billion
2021$2.6 billion$69.9 billion-$67.3 billion
2022$2.7 billion$75.1 billion-$72.4 billion
2023$2.6 billion$66.2 billion-$63.6 billion
2024$2.2 billion$69.6 billion-$67.3 billion

What they sell each other

What Hong Kong sells to Taiwan

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

  1. Jewelry$587 million · 26.2%
    9 tonnes · Hong Kong’s destinations
  2. Turbojets and gas turbines$271 million · 12.1%
    183 tonnes · Hong Kong’s destinations
  3. Silver$229 million · 10.2%
    246 tonnes
  4. Gold$193 million · 8.6%
    3 tonnes · Hong Kong’s destinations
  5. Edible offal$77 million · 3.4%
    38 thousand tonnes
  6. Capacitors$76 million · 3.4%
    359 tonnes
  7. Microchips$63 million · 2.8%
    29 tonnes · Hong Kong’s destinations
  8. Antiques$44 million · 2%
  9. Medicines in measured doses or retail packs$33 million · 1.5%
    474 tonnes · Taiwan’s sources
  10. Ferrous scrap$33 million · 1.5%
    59 thousand tonnes

What Taiwan sells to Hong Kong

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

  1. Microchips$46.9 billion · 67.4%
    11 thousand tonnes · Taiwan’s destinations
  2. Computers$9.6 billion · 13.8%
    23 thousand tonnes · Taiwan’s destinations
  3. Cameras and broadcast equipment$2.3 billion · 3.3%
    6 thousand tonnes
  4. Computer and office machine parts$1.7 billion · 2.4%
    6 thousand tonnes
  5. Diodes, transistors and solar cells$879 million · 1.3%
    2 thousand tonnes
  6. Discs and storage media$616 million · 0.89%
    844 tonnes
  7. Jewelry$586 million · 0.84%
    1 tonne · Hong Kong’s sources
  8. Gold$493 million · 0.71%
    8 tonnes · Hong Kong’s sources
  9. Capacitors$476 million · 0.68%
    3 thousand tonnes
  10. Refined petroleum$411 million · 0.59%
    688 thousand tonnes · Taiwan’s destinations

How it travels

Hong Kong and Taiwan traded $71.8 billion in 2024 (both directions together). They trade mostly by air: 96% of the value travels by plane.

Split by transport mode

  1. Sea$3.1 billion · 4.4%
  2. Air$68.7 billion · 95.6%

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

How much each matters to the other

Taiwan was Hong Kong’s 2nd largest trading partner (9% of its trade), and Hong Kong was Taiwan’s 4th (8%).

Taiwan in Hong Kong’s trade
8.7%
Taiwan’s rank among Hong Kong’s partners
2nd
Hong Kong in Taiwan’s trade
7.7%
Hong Kong’s rank among Taiwan’s partners
4th

Compare with

Other partners of Hong Kong

Other partners of Taiwan

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.