China, Hong Kong SAR

China, Hong Kong SAR

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China, Hong Kong SAR-China Bilateral Trade Analysis 2023

Complete trade statistics: $284.00B total volume •China, Hong Kong SAR deficit: $233.08B

China, Hong Kong SAR → China

$25.46B

Exports (2023)

China → China, Hong Kong SAR

$258.54B

Imports (2023)

Trade Balance

$233.08B

Deficit for China, Hong Kong SAR

Total Trade

$284.00B

Combined Volume

Trade Flow Visualization

Direct trade relationship between China, Hong Kong SAR and China. Green line shows exports from China, Hong Kong SAR, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the China, Hong Kong SAR-China commercial relationship and competitive positioning in global markets.

China, Hong Kong SAR → China Exports

$25.46B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
34.5% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$8.77B
34.5% of exports
2Turbo-jets: of a thrust exceeding 25kN
$4.89B
19.2% of exports
3Glass: cast glass and rolled glass, non-wired sheets, (excluding those coloured throughout the mass (body tinted) opacified, flashed or having an absorbent or reflecting layer)
$1.14B
4.5% of exports
4Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$460.19M
1.8% of exports
5Fruit, edible: cherries, other than sour cherries (Prunus cerasus), fresh
$416.93M
1.6% of exports
6Metals: gold, semi-manufactured
$396.43M
1.6% of exports
7Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$362.43M
1.4% of exports
8Fruit, edible: durians, fresh
$345.19M
1.4% of exports
9Food preparations: n.e.c. in item no. 2106.10
$334.19M
1.3% of exports
10Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products
$296.20M
1.2% of exports

🎯 Strategic Export Focus

China, Hong Kong SAR's export portfolio to China demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

China → China, Hong Kong SAR Imports

$258.54B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
15.1% concentration
1Telephones for cellular networks or for other wireless networks
$39.03B
15.1% of imports
2Electronic integrated circuits: n.e.c. in heading no. 8542
$22.11B
8.6% of imports
3Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$21.53B
8.3% of imports
4Electronic integrated circuits: memories
$14.88B
5.8% of imports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$8.93B
3.5% of imports
6Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$8.19B
3.2% of imports
7Automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display
$6.77B
2.6% of imports
8Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$6.71B
2.6% of imports
9Circuits: printed
$6.28B
2.4% of imports
10Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$6.04B
2.3% of imports

📦 Import Strategy Analysis

China, Hong Kong SAR's import pattern from China reveals significant dependencyin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

China, Hong Kong SAR demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to China, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $284.00B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: China, Hong Kong SAR-China Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $284.00 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: China, Hong Kong SAR maintains a deficit of $233.08 billion
  • Export Focus: China, Hong Kong SAR's primary exports include metals: gold, non-monetary, unwrought (but not powder), turbo-jets: of a thrust exceeding 25kn, glass: cast glass and rolled glass, non-wired sheets, (excluding those coloured throughout the mass (body tinted) opacified, flashed or having an absorbent or reflecting layer)
  • Import Dependencies: Key imports from China include telephones for cellular networks or for other wireless networks, electronic integrated circuits: n.e.c. in heading no. 8542, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $284.00B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with China, Hong Kong SAR leveraging its comparative advantages in metals: gold, non-monetary, unwrought (but not powder).

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

China, Hong Kong SAR's specialization in metals: gold, non-monetary, unwrought (but not powder)complements China's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $284.00B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $284.00B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $284.00 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Critical
🏭

Industrial Integration

Trade flows in metals: gold, non-monetary, unwrought (but not powder) and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

China, Hong Kong SAR's trade deficit of $233.08 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in turbo-jets: of a thrust exceeding 25kn present expansion opportunities.
Market Diversification
Beyond current focus on telephones for cellular networks or for other wireless networks, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in metals: gold, non-monetary, unwrought (but not powder) may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between China, Hong Kong SAR and China represents a total trade volume of $284.00 billion in 2023. This partnership demonstrates an unfavorable trade balance for China, Hong Kong SAR, with imports exceeding exportsby $233.08 billion.

Export Strengths

China, Hong Kong SAR's exports to China total $25.46 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $8.77B or34.5% of bilateral exports.

Import Dependencies

Imports from China amount to $258.54 billion, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising15.1% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates China, Hong Kong SAR's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between China, Hong Kong SAR and China in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023