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China-China, Hong Kong SAR Bilateral Trade Analysis 2023

Complete trade statistics: $284.00B total volume •China surplus: $233.08B

China → China, Hong Kong SAR

$258.54B

Exports (2023)

China, Hong Kong SAR → China

$25.46B

Imports (2023)

Trade Balance

$233.08B

Surplus for China

Total Trade

$284.00B

Combined Volume

Trade Flow Visualization

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

Detailed Product Trade Analysis

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

China → China, Hong Kong SAR Exports

$258.54B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
15.1% top product
1Telephones for cellular networks or for other wireless networks
$39.03B
15.1% of exports
2Electronic integrated circuits: n.e.c. in heading no. 8542
$22.11B
8.6% of exports
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 exports
4Electronic integrated circuits: memories
$14.88B
5.8% of exports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$8.93B
3.5% of exports
6Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$8.19B
3.2% of exports
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 exports
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 exports
9Circuits: printed
$6.28B
2.4% of exports
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 exports

🎯 Strategic Export Focus

China's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with telephones for cellular networks or for other wireless networks representing a key competitive advantage in this bilateral market.

China, Hong Kong SAR → China Imports

$25.46B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
34.5% concentration
1Metals: gold, non-monetary, unwrought (but not powder)
$8.77B
34.5% of imports
2Turbo-jets: of a thrust exceeding 25kN
$4.89B
19.2% of imports
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 imports
4Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$460.19M
1.8% of imports
5Fruit, edible: cherries, other than sour cherries (Prunus cerasus), fresh
$416.93M
1.6% of imports
6Metals: gold, semi-manufactured
$396.43M
1.6% of imports
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 imports
8Fruit, edible: durians, fresh
$345.19M
1.4% of imports
9Food preparations: n.e.c. in item no. 2106.10
$334.19M
1.3% of imports
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 imports

📦 Import Strategy Analysis

China's import pattern from China, Hong Kong SAR reveals significant dependencyin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

China demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to China, Hong Kong SAR, 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-China, Hong Kong SAR Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $284.00 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: China maintains a surplus of $233.08 billion
  • Export Focus: China's primary exports 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
  • Import Dependencies: Key imports from China, Hong Kong SAR 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)

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 leveraging its comparative advantages in telephones for cellular networks or for other wireless networks.

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's specialization in telephones for cellular networks or for other wireless networkscomplements China, Hong Kong SAR's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).

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

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

China's trade surplus of $233.08 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in electronic integrated circuits: n.e.c. in heading no. 8542 present expansion opportunities.
Market Diversification
Beyond current focus on metals: gold, non-monetary, unwrought (but not powder), 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 telephones for cellular networks or for other wireless networks 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 and China, Hong Kong SAR represents a total trade volume of $284.00 billion in 2023. This partnership demonstrates a favorable trade balance for China, with exports exceeding importsby $233.08 billion.

Export Strengths

China's exports to China, Hong Kong SAR total $258.54 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $39.03B or15.1% of bilateral exports.

Import Dependencies

Imports from China, Hong Kong SAR amount to $25.46 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising34.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates China's competitive position in this bilateral relationship. 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 and China, Hong Kong SAR in multiple formats.

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