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Trade between Hong Kong and Thailand

In 2024, Hong Kong exported $6.7 billion to Thailand and imported $11.2 billion. Hong Kong ran a deficit of $4.5 billion with Thailand, compared with a deficit of $8.8 billion in 2019. Thailand was Hong Kong’s 11th largest trading partner (2% of its trade), and Hong Kong was Thailand’s 11th (3%).

Summary

Hong Kong → Thailand
$6.7billion
Thailand → Hong Kong
$11.2billion
Hong Kong’s balance
-$4.5billion

Balance

Hong Kong’s trade balance with Thailand

Trade between Hong Kong and Thailand grew 4.4-fold since 1995

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

  • Exports 6.7
  • Imports 11.2
  • Balance -4.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$866 million$3.2 billion-$2.3 billion
1996$939 million$3.5 billion-$2.6 billion
1997$897 million$3.9 billion-$3 billion
1998$854 million$3.3 billion-$2.4 billion
1999$792 million$3.2 billion-$2.5 billion
2000$1 billion$3.9 billion-$2.8 billion
2001$981 million$3.8 billion-$2.8 billion
2002$1.1 billion$4.1 billion-$2.9 billion
2003$1.2 billion$4.6 billion-$3.4 billion
2004$1.4 billion$5 billion-$3.6 billion
2005$1.5 billion$6.8 billion-$5.3 billion
2006$1.7 billion$7.8 billion-$6.2 billion
2007$1.5 billion$8.7 billion-$7.2 billion
2008$2.1 billion$10.3 billion-$8.2 billion
2009$1.9 billion$10.2 billion-$8.2 billion
2010$1.9 billion$11.3 billion-$9.4 billion
2011$2.4 billion$16.1 billion-$13.7 billion
2012$1.9 billion$11.9 billion-$10 billion
2013$1.8 billion$12.4 billion-$10.7 billion
2014$1.4 billion$12.9 billion-$11.5 billion
2015$2.1 billion$11.8 billion-$9.7 billion
2016$2.1 billion$11 billion-$8.9 billion
2017$3 billion$12.1 billion-$9.1 billion
2018$3.5 billion$13 billion-$9.6 billion
2019$3.3 billion$12.1 billion-$8.8 billion
2020$2.6 billion$12.3 billion-$9.7 billion
2021$3.3 billion$13.7 billion-$10.4 billion
2022$3 billion$13.2 billion-$10.3 billion
2023$2.7 billion$12.3 billion-$9.6 billion
2024$6.7 billion$11.2 billion-$4.5 billion

What they sell each other

What Hong Kong sells to Thailand

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

  1. Gold$5.3 billion · 78.6%
    95 tonnes · Hong Kong’s destinations
  2. Turbojets and gas turbines$415 million · 6.2%
    202 tonnes · Hong Kong’s destinations
  3. Jewelry$210 million · 3.1%
    25 tonnes · Hong Kong’s destinations
  4. Gemstones$139 million · 2.1%
    10 tonnes
  5. Diamonds$98 million · 1.5%
    Hong Kong’s destinations
  6. Silver$69 million · 1%
    69 tonnes
  7. Synthetic gemstones$41 million · 0.62%
    25 tonnes
  8. Microchips$31 million · 0.46%
    56 tonnes · Hong Kong’s destinations
  9. Aluminum sheet$24 million · 0.37%
    8 thousand tonnes
  10. Precious metal compounds$21 million · 0.32%
    1 tonne

What Thailand sells to Hong Kong

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

  1. Microchips$2.9 billion · 25.5%
    1 thousand tonnes · Thailand’s destinations
  2. Computer and office machine parts$1.4 billion · 12.5%
    7 thousand tonnes
  3. Cameras and broadcast equipment$926 million · 8.3%
    2 thousand tonnes
  4. Gold$515 million · 4.6%
    8 tonnes · Thailand’s destinations
  5. Diamonds$459 million · 4.1%
    Hong Kong’s sources
  6. Gemstones$413 million · 3.7%
    49 tonnes
  7. Diodes, transistors and solar cells$362 million · 3.2%
    967 tonnes
  8. Jewelry$353 million · 3.2%
    15 tonnes · Thailand’s destinations
  9. Phones and telecom equipment$238 million · 2.1%
    163 tonnes
  10. Other wristwatches$204 million · 1.8%
    587 tonnes

How it travels

Hong Kong and Thailand traded $17.9 billion in 2024 (both directions together). They trade mostly by air: 88% of the value travels by plane.

Split by transport mode

  1. Sea$2.1 billion · 11.8%
  2. Air$15.8 billion · 88.2%

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

How much each matters to the other

Thailand was Hong Kong’s 11th largest trading partner (2% of its trade), and Hong Kong was Thailand’s 11th (3%).

Thailand in Hong Kong’s trade
2.2%
Thailand’s rank among Hong Kong’s partners
11th
Hong Kong in Thailand’s trade
2.8%
Hong Kong’s rank among Thailand’s partners
11th

Compare with

Other partners of Hong Kong

Other partners of Thailand

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.