Net trade in goods in Hong Kong
Hong Kong: Net trade in goods was -1.98 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.98 billion BoP, current US$
Change on year
up 87.7%
World rank
123rd
of 199 countries
All-time high
31.07 billion BoP, current US$
in 2005
All-time low
-32.36 billion BoP, current US$
in 2014
Years of data
27
1998–2024
Net trade in goods in Hong Kong, 1998–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods in Hong Kong stood at -1.98 billion BoP, current US$.
The figure is up 87.7% on the previous year and up 93.9% over ten years.
Over the whole period, net trade in goods in Hong Kong peaked at 31.07 billion BoP, current US$ in 2005 and was at its lowest, -32.36 billion BoP, current US$, in 2014.
Hong Kong ranks 123rd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Hong Kong, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 16.52 billion BoP, current US$ | — |
| 1999 | 21.30 billion BoP, current US$ | +29.0% |
| 2000 | 20.49 billion BoP, current US$ | -3.8% |
| 2001 | 20.78 billion BoP, current US$ | +1.4% |
| 2002 | 24.18 billion BoP, current US$ | +16.3% |
| 2003 | 24.22 billion BoP, current US$ | +0.2% |
| 2004 | 24.23 billion BoP, current US$ | +0.1% |
| 2005 | 31.07 billion BoP, current US$ | +28.2% |
| 2006 | 30.86 billion BoP, current US$ | -0.7% |
| 2007 | 26.86 billion BoP, current US$ | -13.0% |
| 2008 | 25.03 billion BoP, current US$ | -6.8% |
| 2009 | 13.29 billion BoP, current US$ | -46.9% |
| 2010 | 3.29 billion BoP, current US$ | -75.2% |
| 2011 | -7.48 billion BoP, current US$ | -327.3% |
| 2012 | -18.91 billion BoP, current US$ | +152.8% |
| 2013 | -27.92 billion BoP, current US$ | +47.6% |
| 2014 | -32.36 billion BoP, current US$ | +15.9% |
| 2015 | -22.87 billion BoP, current US$ | -29.3% |
| 2016 | -16.70 billion BoP, current US$ | -27.0% |
| 2017 | -22.93 billion BoP, current US$ | +37.3% |
| 2018 | -32.27 billion BoP, current US$ | +40.8% |
| 2019 | -15.36 billion BoP, current US$ | -52.4% |
| 2020 | -5.31 billion BoP, current US$ | -65.4% |
| 2021 | 3.16 billion BoP, current US$ | -159.5% |
| 2022 | -5.14 billion BoP, current US$ | -262.8% |
| 2023 | -16.12 billion BoP, current US$ | +213.3% |
| 2024 | -1.98 billion BoP, current US$ | -87.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.91 billion BoP, current US$ | 16.52 billion BoP, current US$ | 21.30 billion BoP, current US$ | 2 |
| 2000s | 24.10 billion BoP, current US$ | 13.29 billion BoP, current US$ | 31.07 billion BoP, current US$ | 10 |
| 2010s | -19.35 billion BoP, current US$ | -32.36 billion BoP, current US$ | 3.29 billion BoP, current US$ | 10 |
| 2020s | -5.08 billion BoP, current US$ | -16.12 billion BoP, current US$ | 3.16 billion BoP, current US$ | 5 |
Countries ranked near Hong Kong
- 120 Madagascar -1.59 billion BoP, current US$ compare
- 121 Andorra -1.70 billion BoP, current US$ compare
- 122 Fiji -1.73 billion BoP, current US$ compare
- 124 Malawi -2.00 billion BoP, current US$ compare
- 125 Paraguay -2.07 billion BoP, current US$ compare
- 126 Namibia -2.10 billion BoP, current US$ compare
More economy & growth data for Hong Kong
- Gross value added at basic prices (GVA) (current US$), annual growth 7.14 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9766 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 53,003 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.79 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 7.62 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 413,630 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.68 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7859 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 44,784 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.68 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Hong Kong?
- Net trade in goods in Hong Kong was -1.98 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Hong Kong?
- The highest recorded value was 31.07 billion BoP, current US$ in 2005.
- What is the lowest net trade in goods recorded in Hong Kong?
- The lowest recorded value was -32.36 billion BoP, current US$ in 2014.
- How does Hong Kong rank for net trade in goods?
- Hong Kong ranks 123rd out of 199 countries with data for 2024.
- Is net trade in goods rising or falling in Hong Kong?
- Over the last ten years it is up 93.9%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.