[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · HKG · 2024
China, Hong Kong Special Administrative Region trade profile
In 2024, China, Hong Kong Special Administrative Region recorded $153.2B in merchandise exports and $417.8B in imports, producing a $264.6B trade deficit. Exports changed +3.6% from the previous year, while imports changed +1.6%.[1]
Exports
$153.2B
+3.6%
Imports
$417.8B
+1.6%
Trade balance
-$264.6B
deficit
Active partners
270
22 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$55.8B
HS 71 · Precious metals and stones
51 active HS6 lines · 169 export partners
2$48.7B
HS 85 · Electrical machinery
262 active HS6 lines · 191 export partners
3$20.9B
HS 84 · Machinery
514 active HS6 lines · 191 export partners
4$3.7B
HS 90 · HS chapter
142 active HS6 lines · 188 export partners
5$2.1B
HS 91 · HS chapter
48 active HS6 lines · 171 export partners
6$1.5B
HS 39 · HS chapter
129 active HS6 lines · 187 export partners
7$1.5B
HS 97 · HS chapter
7 active HS6 lines · 99 export partners
8$1.1B
HS 62 · HS chapter
112 active HS6 lines · 172 export partners
Leading export markets
Destinations rank bilateral export flows from China, Hong Kong Special Administrative Region; growth describes each corridor rather than the whole economy.
1$48.3B
China
Annual change +11.4% · 3-year CAGR -2.5%
2$11.6B
United States
Annual change +28.5% · 3-year CAGR 3.8%
3$7.6B
Thailand
Annual change +112.3% · 3-year CAGR 23.5%
4$6.5B
Netherlands
Annual change -0.5% · 3-year CAGR -4.0%
5$6.4B
United Arab Emirates
Annual change -59.3% · 3-year CAGR -16.6%
6$6.1B
India
Annual change -15.6% · 3-year CAGR -29.0%
7$5.0B
Switzerland
Annual change +6.6% · 3-year CAGR -0.9%
8$4.9B
Vietnam
Annual change +44.0% · 3-year CAGR 11.1%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.