China, Hong Kong SAR

China, Hong Kong SAR

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China, Hong Kong SAR-Thailand Bilateral Trade Analysis 2023

Complete trade statistics: $14.68B total volume •China, Hong Kong SAR deficit: $9.48B

China, Hong Kong SAR → Thailand

$2.60B

Exports (2023)

Thailand → China, Hong Kong SAR

$12.08B

Imports (2023)

Trade Balance

$9.48B

Deficit for China, Hong Kong SAR

Total Trade

$14.68B

Combined Volume

Trade Flow Visualization

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

China, Hong Kong SAR → Thailand Exports

$2.60B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
65.7% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$1.71B
65.7% of exports
2Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$104.58M
4.0% of exports
3Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$85.12M
3.3% of exports
4Stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set
$68.02M
2.6% of exports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$66.50M
2.6% of exports
6Metals: silver, unwrought, (but not powder)
$44.35M
1.7% of exports
7Turbo-jets: of a thrust exceeding 25kN
$35.45M
1.4% of exports
8Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
$31.36M
1.2% of exports
9Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)
$28.27M
1.1% of exports
10Gold compounds
$17.51M
0.7% of exports

🎯 Strategic Export Focus

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

Thailand → China, Hong Kong SAR Imports

$12.08B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
14.3% concentration
1Electronic integrated circuits: n.e.c. in heading no. 8542
$1.72B
14.3% of imports
2Units of automatic data processing machines: storage units
$1.39B
11.5% of imports
3Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$672.76M
5.6% of imports
4Metals: gold, non-monetary, unwrought (but not powder)
$620.36M
5.1% of imports
5Turbo-jets: of a thrust exceeding 25kN
$573.92M
4.8% of imports
6Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$561.75M
4.7% of imports
7Engines: for aircraft, spark-ignition reciprocating or rotary internal combustion piston engines
$517.85M
4.3% of imports
8Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$387.82M
3.2% of imports
9Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$386.29M
3.2% of imports
10Communication 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
$370.80M
3.1% of imports

📦 Import Strategy Analysis

China, Hong Kong SAR's import pattern from Thailand reveals significant dependencyin electronic integrated circuits: n.e.c. in heading no. 8542, 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 Thailand, 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 $14.68B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

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

Key Trade Highlights 2023

  • Total Trade Volume: $14.68 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: China, Hong Kong SAR maintains a deficit of $9.48 billion
  • Export Focus: China, Hong Kong SAR's primary exports include metals: gold, non-monetary, unwrought (but not powder), diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
  • Import Dependencies: Key imports from Thailand include electronic integrated circuits: n.e.c. in heading no. 8542, units of automatic data processing machines: storage units, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set

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 $14.68B 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 Thailand'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: n.e.c. in heading no. 8542.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $14.68B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $14.68B 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 $14.68 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in metals: gold, non-monetary, unwrought (but not powder) and electronic integrated circuits: n.e.c. in heading no. 8542 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

China, Hong Kong SAR's trade deficit of $9.48 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 diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set present expansion opportunities.
Market Diversification
Beyond current focus on electronic integrated circuits: n.e.c. in heading no. 8542, 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 Thailand represents a total trade volume of $14.68 billion in 2023. This partnership demonstrates an unfavorable trade balance for China, Hong Kong SAR, with imports exceeding exportsby $9.48 billion.

Export Strengths

China, Hong Kong SAR's exports to Thailand total $2.60 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $1.71B or65.7% of bilateral exports.

Import Dependencies

Imports from Thailand amount to $12.08 billion, highlighting economic interdependence in electronic integrated circuits: n.e.c. in heading no. 8542, with Electronic integrated circuits: n.e.c. in heading no. 8542 comprising14.3% 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 Thailand. 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 Thailand in multiple formats.

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