United Kingdom-China, Hong Kong SAR Bilateral Trade Analysis 2023
Complete trade statistics: $19.47B total volume •United Kingdom surplus: $12.87B
United Kingdom → China, Hong Kong SAR
$16.17B
Exports (2023)
China, Hong Kong SAR → United Kingdom
$3.30B
Imports (2023)
Trade Balance
$12.87B
Surplus for United Kingdom
Total Trade
$19.47B
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Kingdom and China, Hong Kong SAR. Green line shows exports from United Kingdom, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-China, Hong Kong SAR commercial relationship and competitive positioning in global markets.
United Kingdom → China, Hong Kong SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Kingdom's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with metals: gold, semi-manufactured representing a key competitive advantage in this bilateral market.
China, Hong Kong SAR → United Kingdom Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Kingdom's import pattern from China, Hong Kong SAR reveals significant dependencyin turbo-jets: of a thrust exceeding 25kn, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Kingdom demonstrates competitive strength in exportingmetals: gold, semi-manufactured to China, Hong Kong SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $19.47B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Kingdom-China, Hong Kong SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $19.47 billionrepresenting a significant bilateral economic relationship
- Trade Balance: United Kingdom maintains a surplus of $12.87 billion
- Export Focus: United Kingdom's primary exports include metals: gold, semi-manufactured, turbines: parts of turbo-jets and turbo-propellers, metals: gold, non-monetary, unwrought (but not powder)
- Import Dependencies: Key imports from China, Hong Kong SAR include turbo-jets: of a thrust exceeding 25kn, metals: gold, semi-manufactured, metals: silver, unwrought, (but not powder)
Strategic Trade Indicators
📈 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 $19.47B 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 United Kingdom leveraging its comparative advantages in metals: gold, semi-manufactured.
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
Comparative Advantage
United Kingdom's specialization in metals: gold, semi-manufacturedcomplements China, Hong Kong SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in turbo-jets: of a thrust exceeding 25kn.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $19.47B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $19.47B 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 $19.47 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in metals: gold, semi-manufactured and turbo-jets: of a thrust exceeding 25kn demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Kingdom's trade surplus of $12.87 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 United Kingdom and China, Hong Kong SAR represents a total trade volume of $19.47 billion in 2023. This partnership demonstrates a favorable trade balance for United Kingdom, with exports exceeding importsby $12.87 billion.
Export Strengths
United Kingdom's exports to China, Hong Kong SAR total $16.17 billion, with competitive advantages in metals: gold, semi-manufactured, representing $4.90B or30.3% of bilateral exports.
Import Dependencies
Imports from China, Hong Kong SAR amount to $3.30 billion, highlighting economic interdependence in turbo-jets: of a thrust exceeding 25kn, with Turbo-jets: of a thrust exceeding 25kN comprising23.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates United Kingdom'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 United Kingdom 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