🇭🇰

Export Market

Hong Kong

ISO: HK / HKG

Country Profile

Capital City of Victoria
Population 7.5M
GDP $406.9B (2024)
GDP per Capita $54,075
Income Level High Income
Currency Hong Kong dollar (HKD $)
Language English
Timezone UTC+08:00
Region Asia · Eastern Asia

Trade Partners

Hong Kong Exports To

  • China 22.0%
  • Vietnam 12.0%
  • S. Korea 8.0%
  • Netherlands 5.0%
  • Switzerland 4.0%

Key exports: gold, integrated circuits, gas turbines, broadcasting equipment, jewelry (2023)

Hong Kong Imports From

  • China 40.0%
  • Taiwan 10.0%
  • Singapore 7.0%
  • Japan 5.0%
  • S. Korea 4.0%

Key imports: integrated circuits, broadcasting equipment, gold, machine parts, jewelry (2023)

Economic Overview

high-income tourism- and services-based economy; global financial hub; COVID-19 and political protests fueled recent recession; ongoing recovery but lower-skilled unemployment remains high; investing in job-reskilling programs

Government: presidential limited democracy; a special administrative region of the People's Republic of China

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Hong Kong. Standard WTO terms apply.

Trade Barriers

3 active barriers affecting UK exporters

Hong Kong Institute of Architects not recognising programmes by UK universities

Programmes offered by UK universities are not recognised programmes of the Hong Kong Institute of Architects.

Sectors: Education and training

Reported: 11 Aug 2020

Tax on spirits affects UK exports to Hong Kong

Affecting UK exporters of spirits to Hong Kong, there is a 100% 'ad valorem' excise tax (based on the assessed value of an item) on drinks over 30% alcohol by volume. This has led to significant price disparities between wine …

Sectors: Food and drink

Reported: 10 Feb 2020

Complex regulations on dairy products reducing UK exports' shelf life in Hong Kong

Affecting UK dairy exports, complex regulations in Hong Kong around importation of dairy products (specifically milk/cream), in addition to licensing and inspection requirements for vendors, results in delays and loss of shelf life for products of UK exporters.

Sectors: Food and drink

Reported: 29 Apr 2019

Geographic Region

China and Hong Kong

Export Guidance

Relevant guidance for exporting to Hong Kong.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇨🇳 China 🇲🇴 Macau

Official Resources

Government export support for Hong Kong.

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