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Pricing

2022
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Exports $28.9BRnk 5 / 220
2022
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Top Product $17.5BIntegrated Circuits
2022
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Exports $2.29BRnk 18 / 198
2022
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Top Product $1.03BIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI 0.99Rnk 26 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

South Korea-Hong Kong In 2022, South Korea exported $28.9B to Hong Kong. The main products that South Korea exported to Hong Kong are Integrated Circuits ($17.5B), Office Machine Parts ($2.12B), and Blank Audio Media ($1.71B). During the last 27 years the exports of South Korea to Hong Kong have increased at an annualized rate of 3.98%, from $10.1B in 1995 to $28.9B in 2022.

In 2005, South Korea exported services to Hong Kong worth $2.8B, with Transportation ($1.85B), Other business services ($547M), and Travel ($333M) being the largest in terms of value.

Hong Kong-South Korea In 2022, Hong Kong exported $2.29B to South Korea. The main products that Hong Kong exported to South Korea were Integrated Circuits ($1.03B), Gas Turbines ($186M), and Office Machine Parts ($168M). During the last 27 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.08%, from $1.01B in 1995 to $2.29B in 2022.

In 2022, Hong Kong did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $3.17B and imported $222M from Hong Kong, resulting in a positive trade balance of $2.95B. Between February 2023 and February 2024 the exports of South Korea have increased by $1.99B (168%) from $1.19B to $3.17B, while imports increased by $126M (130%) from $96.7M to $222M.

Trade In February 2024, the top exports of South Korea to Hong Kong were Electrical machinery and electronics ($737M), Mineral fuels, mineral oils and products... ($67.7M), Machinery, mechanical appliances, & parts ($61.8M), Glass & glassware ($24.5M), and Perfumery & cosmetics ($24.4M). In February 2024 the top imports of South Korea from Hong Kong were Electrical machinery and electronics ($64.2M), Precious stones, metals, & pearls ($14.1M), Machinery, mechanical appliances, & parts ($11.4M), Copper articles ($4.4M), and Miscellaneous edible preparations ($2.26M).

Growth In February 2024, the increase in South Korea's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Ships, boats, & floating structures ($13.9M or 259%), Inorganic chemicals ($2.89M or 251%), and Fish, crustaceans, & molluscs ($2.82M or 92.4%). In February 2024, the increase in South Korea's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Precious stones, metals, & pearls ($12.1M or 603%), Copper articles ($1.21M or 38.1%), and Perfumery & cosmetics ($500k or 51%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$1.99B(168%)
IMPORT GROWTH (February 2023 - February 2024)$126M(130%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Hong Kong and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $28.9B to Hong Kong. The main products exported from South Korea to Hong Kong were Integrated Circuits ($17.5B), Office Machine Parts ($2.12B), and Blank Audio Media ($1.71B). During the last 27 years the exports of South Korea to Hong Kong have increased at an annualized rate of 3.98%, from $10.1B in 1995 to $28.9B in 2022.

In 2022, Hong Kong exported $2.29B to South Korea. The main products exported from Hong Kong to South Korea were Integrated Circuits ($1.03B), Gas Turbines ($186M), and Office Machine Parts ($168M). During the last 27 years the exports of Hong Kong to South Korea have increased at an annualized rate of 3.08%, from $1.01B in 1995 to $2.29B in 2022.

Exports from South Korea (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Hong Kong
Top DestinationChina$23.4B

This map shows whether countries import more from South Korea or Hong Kong. Each country is colored based on the difference in imports they receive from South Korea and Hong Kong or the difference in the growth in imports.

In 2021, countries that imported more from South Korea than Hong Kong were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Hong Kong than South Korea were Macau ($2.73B), Switzerland ($4.11B), and Israel ($3.07B).

Difference in imports from Hong Kong (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Hong Kong

Flow
Scale

This chart compares trade between South Korea and Hong Kong by product, considering products traded by both, South Korea and Hong Kong.

During 2022, South Korea had a large net trade with Hong Kong in the exports of Machines ($23.4B), Chemical Products ($1.28B), and Mineral Products ($928M).

During 2022, Hong Kong had a large net trade with South Korea in the exports of Machines ($1.6B), Animal Products ($276M), and Metals ($110M).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Hong Kong worth $2.8B, with Transportation ($1.85B), Other business services ($547M), and Travel ($333M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Hong Kong (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Hong Kong (Flag) (2022)

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