Country import demand

China, Hong Kong Special Administrative Region
import demand

A reported view of China, Hong Kong Special Administrative Region's import scale, sector demand, supplier breadth, economy, and trade history.

Explore import sectors Open country workspace

HKG1995-2024 coverage270 active partner marketsMacro trend resilient

Latest imports$417.8B2024 reported

Import growth+1.6%Year on year

Population7.5MReported population

GDP per capita$54.1KCurrent-dollar GDP

Trade openness175.1%Exports + imports / GDP

The country import read

What does China, Hong Kong Special Administrative Region import?

In 2024, China, Hong Kong Special Administrative Region recorded $417.8B in reported imports. Imports changed +1.6% year on year and -0.3% annualized over three years. Precious stones and metals was the largest displayed import sector.

Import history

A long view of demand

Latest twelve years from the reported country series.

Reported imports by year

2013

$454.0B

2014

$423.4B

2015

$363.3B

2016

$338.8B

2017

$358.7B

2018

$373.3B

2019

$338.0B

2020

$340.5B

2021

$422.1B

2022

$415.7B

2023

$411.2B

2024

$417.8B

Demand drivers

The economy behind import demand

Macro and structural indicators add context to reported imports.

GDP$406.9B2024 macro context

GDP growth2.3%Five-year CAGR

Population growth0%Five-year CAGR

Investment rate23%National rate

Savings rate22.2%National rate

Trade openness175.1%Exports + imports / GDP

Import portfolio

The sectors shaping demand

All returned HS2 sectors ranked by latest import value.

Import demand by HS2All returned · 2024

Leading import sectors for China, Hong Kong Special Administrative Region
Rank	Sector	Imports	Share	Import partners	Active HS6
1	Precious stones and metalsHS2 71	$81.5B	19.5%	128	51
2	Electrical machineryHS2 85	$173.3B	41.5%	159	262
3	MachineryHS2 84	$51.8B	12.4%	135	514
4	Optical and medical instrumentsHS2 90	$7.2B	1.7%	111	142
5	Clocks and watchesHS2 91	$4.8B	1.2%	99	48
6	PlasticsHS2 39	$3.3B	0.8%	111	129
7	Works of artHS2 97	$3.8B	0.9%	80	7
8	Non-knitted clothingHS2 62	$2.7B	0.6%	99	112
9	Knitted clothingHS2 61	$2.6B	0.6%	105	106
10	Pharmaceutical productsHS2 30	$2.9B	0.7%	85	42

Import values are reported observations. Full rows remain in the downloads.

Supply diversification

Where import exposure is spread

Partner breadth, concentration, access, and distance add supplier context.

Supplier markets270Reported partner count

Partner concentration1,199.9Partner HHI

Top 3 partner share44%Reported concentration

FTA partner markets22Reported count

Average distance9,552 kmCalculated average

Macro resilienceMacro trend resilientCountry context

Complete country valuesOpen the full import evidenceFull profile, history, and HS2 sector fields remain available here and in the downloads.

Profile fields

Year	2,024
Country Iso3	HKG
Exports Usd	$153.2B
Imports Usd	$417.8B
Trade Balance Usd	-$264.6B
Yoy Exports Growth Pct	3.6%
Yoy Imports Growth Pct	1.6%
Exports Cagr 3y Pct	-4.9%
Imports Cagr 3y Pct	-0.3%
Export Partner Hhi	1,199.9
Export Product Hhi	615.6
Momentum Score	1.1
Risk Score	9.1
Gdp Million Usd	406,863.4 million USD
Gdp Per Capita Usd	$54.1K
Population	7,524,100
Labor Force	3,823.1
Investment Rate Pct	23%
Savings Rate Pct	22.2%
Secondary Education Pct	92.5%
Tertiary Education Pct	27.9%
Total Factor Productivity	2,099.8
Trade Openness Pct	175.1%
Exports Gdp Pct	47%
Num Active Partners	270
Num Fta Partners	22
Num Wto Partners	169
Num Eu Partners	28
Num Shared Border Partners	1%
Num Shared Language Partners	82%
Avg Partner Distance Km	9,552 km
Avg Partner Gdp Million Usd	533,678,518.3 million USD
Avg Partner Gdp Per Capita Usd	$15.8
Avg Buyer Biz Entry Days	Not reported
Avg Buyer Biz Entry Cost Pct	Not reported
Pct Partners With Fta	8
Pct Partners Shared Language	30.4%
Pct Partners Shared Border	0.4%
Avg Applied Tariff Pct	0.1%
Avg Mfn Tariff Pct	0.1%
Avg Preferential Tariff Pct	0%
Tariff Advantage Pp	0.1
Avg Distance All Partners Km	9,700 km
Num Border Partners	25
Num Colonial Partners	25
Avg Substitution Elasticity	-10.6
Pct Products High Elasticity	75.4
Pct Products Low Elasticity	2.7
Real Market Potential	728,468
Foreign Market Potential	13,626.7

Supplier context

Country Iso3	HKG
All History Lane Count	33,672
Current Lane Count	25,183
Critical Lane Count	259
High Attention Lane Count	4,197
High Volatility Lane Count	13,877
Unrecovered Drawdown Lane Count	17,158
Declining Demand Lane Count	174
Concentrated Market Lane Count	12,819
Access Friction Lane Count	12,534
Buyer Macro Weakness Lane Count	1,949
Monitored Exports Current Usd	$148.8B
Attention Exports Usd	$80.0B
Critical Exports Usd	$18.3B
High Volatility Exports Usd	$90.2B
Unrecovered Drawdown Exports Usd	$46.5B
Non Fta Exports Usd	$66.2B
Monitored Attention Share Pct	53.8%
Monitored Critical Share Pct	12.3%
Fta Covered Exports Share Pct	55.3%
Export Weighted Volatility Cv	1.2
Export Weighted Below Peak Pct	34.6%
Export Weighted Distance Km	5,030 km
Export Weighted Tariff Pct	0.2%
Latest Data Year	2,024
First Data Year	1,995
Country Years Count	30
Total Exports Latest Usd	$153.2B
Total Imports Latest Usd	$417.8B
Trade Balance Latest Usd	-$264.6B
Exports Yoy Latest Pct	3.6%
Exports Cagr 3y Latest Pct	-4.9%
Gdp Latest Million Usd	406,863.4 million USD
Gdp Per Capita Latest Usd	$54.1K
Population Latest	7,524,100
Investment Rate Latest Pct	23%
Savings Rate Latest Pct	22.2%
Trade Openness Latest Pct	175.1%
Exports Gdp Latest Pct	47%
Active Partners Latest	270
Fta Partners Latest	22
Foreign Market Potential Latest	13,626.7
Gdp 5y Cagr Pct	2.3%
Gdp Per Capita 5y Cagr Pct	2.3%
Population 5y Cagr Pct	0%
Partner Hhi Latest	1,199.9
Partner Top1 Share Latest Pct	31.5%
Partner Top3 Share Latest Pct	44%
Partner Hhi All Avg	1,222.1
Partner Hhi All Max	2,047
Product Hhi Latest	615.6
Product Top1 Share Latest Pct	21.5%
Product Top3 Share Latest Pct	31.9%
Product Hhi All Avg	239.2
Product Hhi All Max	615.6
Total Exports Attention Share Pct	52.2%
Total Exports Critical Share Pct	12%
Attention Level	High attention
Primary Risk Driver	High trade volatility
Macro Resilience Label	Macro trend resilient

Annual import history

Year	Imports	Exports	Balance	Imports YoY
1995	$147.1B	$85.8B	-$61.2B	+0%
1996	$145.2B	$86.4B	-$58.9B	-1.2%
1997	$156.8B	$87.4B	-$69.3B	+7.9%
1998	$130.2B	$81.7B	-$48.5B	-17%
1999	$122.0B	$82.5B	-$39.4B	-6.3%
2000	$142.0B	$87.2B	-$54.8B	+16.4%
2001	$134.5B	$81.8B	-$52.6B	-5.3%
2002	$136.8B	$83.6B	-$53.2B	+1.7%
2003	$153.3B	$92.1B	-$61.3B	+12.1%
2004	$178.3B	$101.3B	-$77.0B	+16.3%
2005	$200.4B	$107.2B	-$93.2B	+12.4%
2006	$235.2B	$118.0B	-$117.2B	+17.4%
2007	$261.4B	$125.0B	-$136.4B	+11.1%
2008	$264.7B	$130.2B	-$134.5B	+1.3%
2009	$228.2B	$111.0B	-$117.2B	-13.8%
2010	$295.4B	$128.2B	-$167.2B	+29.4%
2011	$358.4B	$155.8B	-$202.6B	+21.3%
2012	$396.9B	$160.0B	-$237.0B	+10.8%
2013	$454.0B	$159.7B	-$294.4B	+14.4%
2014	$423.4B	$153.3B	-$270.1B	-6.8%
2015	$363.3B	$151.5B	-$211.9B	-14.2%
2016	$338.8B	$156.2B	-$182.5B	-6.8%
2017	$358.7B	$156.7B	-$202.0B	+5.9%
2018	$373.3B	$155.3B	-$218.1B	+4.1%
2019	$338.0B	$147.0B	-$191.0B	-9.5%
2020	$340.5B	$161.4B	-$179.1B	+0.7%
2021	$422.1B	$178.3B	-$243.9B	+24%
2022	$415.7B	$174.6B	-$241.1B	-1.5%
2023	$411.2B	$147.9B	-$263.4B	-1.1%
2024	$417.8B	$153.2B	-$264.6B	+1.6%

Import sectors

Rank	HS2	Sector	Imports	Share	Import partners	Active HS6
1	71	Precious stones and metals	$81.5B	19.5%	128	51
2	85	Electrical machinery	$173.3B	41.5%	159	262
3	84	Machinery	$51.8B	12.4%	135	514
4	90	Optical and medical instruments	$7.2B	1.7%	111	142
5	91	Clocks and watches	$4.8B	1.2%	99	48
6	39	Plastics	$3.3B	0.8%	111	129
7	97	Works of art	$3.8B	0.9%	80	7
8	62	Non-knitted clothing	$2.7B	0.6%	99	112
9	61	Knitted clothing	$2.6B	0.6%	105	106
10	30	Pharmaceutical products	$2.9B	0.7%	85	42

Questions about this profile

China, Hong Kong Special Administrative Region import demand, in context

Short answers for import and supplier research.

What does the China, Hong Kong Special Administrative Region import profile measure?

It combines reported imports, annual history, HS2 sectors, supplier breadth, economy context, and calculated indicators for China, Hong Kong Special Administrative Region.

What is the latest reported import value for China, Hong Kong Special Administrative Region?

China, Hong Kong Special Administrative Region recorded $417.8B in reported imports in 2024.

Which sectors lead China, Hong Kong Special Administrative Region's imports?

Precious stones and metals leads by reported import value at $81.5B.

How many years of China, Hong Kong Special Administrative Region import history are available?

This profile contains 30 annual rows covering 1995 through 2024.

What drives import demand?

GDP, population, investment, savings, and trade openness provide demand context.

Are the growth and concentration values forecasts?

No. They are calculated or classified from reported observations, not forecasts or guarantees.

Continue your research

Take the country view into a broader Yugalinks workspace.

Compare countries, products, sectors, and suppliers using reported trade data.

Open country workspace Talk to Yugalinks

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.