China, Hong Kong SAR

China, Hong Kong SAR

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Rep. of Korea

Rep. of Korea

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China, Hong Kong SAR-Rep. of Korea Bilateral Trade Analysis 2023

Complete trade statistics: $38.34B total volume •China, Hong Kong SAR deficit: $19.35B

China, Hong Kong SAR → Rep. of Korea

$9.50B

Exports (2023)

Rep. of Korea → China, Hong Kong SAR

$28.84B

Imports (2023)

Trade Balance

$19.35B

Deficit for China, Hong Kong SAR

Total Trade

$38.34B

Combined Volume

Trade Flow Visualization

Direct trade relationship between China, Hong Kong SAR and Rep. of Korea. 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-Rep. of Korea commercial relationship and competitive positioning in global markets.

China, Hong Kong SAR → Rep. of Korea Exports

$9.50B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
16.7% top product
1Electronic integrated circuits: n.e.c. in heading no. 8542
$1.58B
16.7% of exports
2Electronic integrated circuits: memories
$890.20M
9.4% of exports
3Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
$863.07M
9.1% of exports
4Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$603.25M
6.4% of exports
5Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$390.12M
4.1% of exports
6Communication 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
$343.09M
3.6% of exports
7Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of leather or of composition leather
$242.82M
2.6% of exports
8Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of sheeting of plastics or of textile materials
$222.54M
2.3% of exports
9Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
$213.45M
2.2% of exports
10Units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70
$210.73M
2.2% of exports

🎯 Strategic Export Focus

China, Hong Kong SAR's export portfolio to Rep. of Korea demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.

Rep. of Korea → China, Hong Kong SAR Imports

$28.84B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
38.7% concentration
1Electronic integrated circuits: memories
$11.17B
38.7% of imports
2Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$2.76B
9.6% of imports
3Electronic integrated circuits: n.e.c. in heading no. 8542
$2.29B
7.9% of imports
4Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)
$2.18B
7.6% of imports
5Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$1.64B
5.7% of imports
6Petroleum 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
$1.05B
3.6% of imports
7Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
$1.02B
3.5% of imports
8Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$534.25M
1.9% of imports
9Semiconductor media: solid-state non-volatile storage devices, whether or not recorded, excluding products of Chapter 37
$528.08M
1.8% of imports
10Turbo-jets: of a thrust exceeding 25kN
$285.97M
1.0% of imports

📦 Import Strategy Analysis

China, Hong Kong SAR's import pattern from Rep. of Korea reveals significant dependencyin electronic integrated circuits: memories, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

China, Hong Kong SAR demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to Rep. of Korea, 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 $38.34B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: China, Hong Kong SAR-Rep. of Korea Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $38.34 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: China, Hong Kong SAR maintains a deficit of $19.35 billion
  • Export Focus: China, Hong Kong SAR's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, electronic integrated circuits: memories, electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
  • Import Dependencies: Key imports from Rep. of Korea include electronic integrated circuits: memories, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electronic integrated circuits: n.e.c. in heading no. 8542

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global 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 $38.34B 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 electronic integrated circuits: n.e.c. in heading no. 8542.

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 electronic integrated circuits: n.e.c. in heading no. 8542complements Rep. of Korea's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: memories.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $38.34B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $38.34B 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 $38.34 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and electronic integrated circuits: memories demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

China, Hong Kong SAR's trade deficit of $19.35 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 electronic integrated circuits: memories present expansion opportunities.
Market Diversification
Beyond current focus on electronic integrated circuits: memories, 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 electronic integrated circuits: n.e.c. in heading no. 8542 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 Rep. of Korea represents a total trade volume of $38.34 billion in 2023. This partnership demonstrates an unfavorable trade balance for China, Hong Kong SAR, with imports exceeding exportsby $19.35 billion.

Export Strengths

China, Hong Kong SAR's exports to Rep. of Korea total $9.50 billion, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $1.58B or16.7% of bilateral exports.

Import Dependencies

Imports from Rep. of Korea amount to $28.84 billion, highlighting economic interdependence in electronic integrated circuits: memories, with Electronic integrated circuits: memories comprising38.7% 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 Rep. of Korea. 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 Rep. of Korea in multiple formats.

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