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Home » Asia » Who does Hong Kong trade with the most?

Who does Hong Kong trade with the most?

December 14, 2021 by Shelia Campbell

China.
Hong Kong’s Principal Trading Partners in 2020

Ranking Total Trade
Country/Territory Percentage share(%)
1 The Mainland of China 51.8
2 Taiwan 6.2
3 USA 5.3

Contents

What is Hong Kong’s biggest export?

Hong Kong’s Top Exports

  • Gold – $12.1 billion.
  • Diamonds – $6.83 billion.
  • Scrap copper – $1.4 billion.
  • Silver – $1.37 billion.
  • Precious stones – $1.2 billion.

Is Hong Kong the largest trading partner of mainland?

Hong Kong was the Mainland’s fourth largest trading partner (after the US, Japan and the Republic of Korea) in 2020, and their total trade value accounted for 6.0% of the Mainland’s total trade.The Mainland has been Hong Kong’s largest supplier in goods since 1982.

What does Hong Kong import the most?

Hong Kong imports mainly machinery and transport equipment (66 percent of total imports); miscellaneous manufactured articles (14 percent); manufactured goods (9 percent) and food and live animals (4 percent). Main import partners are: China (47 percent), Taiwan (8 percent) and Singapore (7 percent).

Does Hong Kong trade with other countries?

In 2017, Hong Kong, China major trading partner countries for exports were China, United States, India, Japan and Thailand and for imports they were China, Other Asia, nes, Singapore, Japan and Korea, Rep..

Who does Hong Kong trade with?

The major trading partners of Hong Kong are China, the United States, Japan, the United Kingdom, and Taiwan. Its main export destinations in 1999 were China (33.4 percent), the United States (23.8 percent), Japan (5.4 percent), and the UK (4.1 percent).

Who does Hong Kong export to?

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Hong Kong Exports By Country Value Year
China $296.07B 2019
United States $39.12B 2019
India $15.49B 2019
Japan $15.47B 2019

How many mainland Chinese are there in Hong Kong?

In 1997, some 50,300 mainlanders moved to Hong Kong via the scheme. The figure peaked at 57,500 in 2000 and then steadily fell, to 42,600 in 2010 and then to 39,100 in 2019.

Is Hong Kong dependent on China?

Hong Kong is a special administrative region of China and is an “inalienable part” of the country. Due to its special status, Hong Kong is able to exercise a high degree of autonomy and enjoy executive, legislative, and independent judicial power.

What percentage of Hong Kong wants independence?

According to a survey conducted by the Hong Kong Public Opinion Research Institute in December 2019, one-fifth of Hong Kong’s population supported Hong Kong independence, while 56% of Hongkongers opposed it.

Who export the most?

Exports by Country 2021

  1. China. Aside from the European Union, China is the world’s largest exporter.
  2. United States. The U.S. is the second-largest exporter in the world, with an estimated $1.58 trillion in exports for 2017.
  3. Germany.
  4. Japan.
  5. South Korea.

What does the US sell to Hong Kong?

U.S. exports of agricultural products to Hong Kong totaled $3.1 billion in 2019, making Hong Kong the United States’ 8th largest agricultural export market. Leading domestic export categories included: beef & beef products ($746 million); tree nuts ($692 million); poultry meat & products (ex.

What are the main imports and exports of Hong Kong?

Hong Kong’s main import partner countries include China, Singapore and Japan. Others are South Korea and the United States. The products exported to Hong Kong are electronics, electrical appliances, gold, jewelry, machine parts, textiles, fabrics, toys, watches, and clocks.

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How many countries does Hong Kong trade with?

Hong Kong’s Principal Trading Partners in 2020

Ranking Total Trade Imports
1 The Mainland of China 1,923,535
2 Taiwan 405,695
3 USA 314,144
4 Singapore 247,170

How much does Hong Kong export to us?

Hong Kong Exports to United States was US$39.12 Billion during 2019, according to the United Nations COMTRADE database on international trade.

How many US companies are in Hong Kong?

There were 254 American companies with regional hubs in Hong Kong as of June 1, compared with 282 a year earlier, according to new data from the Census and Statistics Department.

What is Hong Kong’s main industry?

Financial services, tourism, trading and logistics, and professional and producer services are the traditional Four Key Industries in Hong Kong. They have been the driving force of Hong Kong’s economic growth, providing impetus to growth of other sectors and creating employment.

What is Taiwan main export?

Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent).

What does Hong Kong produce and export?

Economy of Hong Kong

Statistics
Export goods electrical machinery and appliances, textiles, apparel, watches and clocks, toys, jewelry, goldsmiths’ and silversmiths’ wares, and other articles of precious or semi-precious materials
Main export partners Mainland China 54.1% United States 7.7% (2017 est.)

What is Hong Kong famous for producing?

Textile and clothing production is the leading manufacturing activity and contributes about one-third of the value of domestic exports. The electronics industry is the second largest export earner. There are some heavy industries such as shipbuilding and repair and aircraft engineering.

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What is the main source of income in Hong Kong?

Financial services, trading and logistics, tourism, and producer and professional services are the Four Key Industries in the Hong Kong economy. They have been the driving force of Hong Kong’s economic growth, providing impetus to growth of other sectors, and creating employment.

Filed Under: Asia

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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