Nicknamed Pearl of the Orient, Hong Kong is a special administrative region in the People’s Republic of China located on China’s south coast.The world’s sixth-largest exporter, Hong Kong shipped US$516.6 billion worth of products around the globe in 2016. That figure represents roughly 3.2% of overall global exports estimated at $16.236 trillion.
From a continental perspective, over three-quarters (76.3%) of Hong Kong exports by value are delivered to other Asian countries.
European importers purchased 11.5% of Hong Kong shipments while 9.3% worth arrived in North American countries.
At 0.9%, a much smaller portion of Hong Kong exports were bought by African importers.
Below is a list showcasing 15 of Hong Kong’s top trading partners in terms of exports sales. That is, countries that imported the most Hong Kong shipments by dollar value during 2016. Also shown is each import country’s percentage of total Hong Kong exports.
1. China: US$285.5 billion (55.3% of total Hong Kong exports)
2. United States: $42 billion (8.1%)
3. India: $15.4 billion (3%)
4. Japan: $15.1 billion (2.9%)
5. United Kingdom: $11.2 billion (2.2%)
6. Taiwan: $10.2 billion (2%)
7. Thailand: $10.1 billion (1.9%)
8. Singapore: $9.4 billion (1.8%)
9. Vietnam: $9.4 billion (1.8%)
10. Switzerland: $9.3 billion (1.8%)
11. Germany: $8.6 billion (1.7%)
12. South Korea: $7.7 billion (1.5%)
13. Netherlands: $7.4 billion (1.4%)
14. United Arab Emirates: $7 billion (1.4%)
15. Macao: $5.3 billion (1%)
Almost nine-tenths (87.8%) of Hong Kong exports in 2016 were delivered to the above 15 trade partners.
Boasting a 181.8% gain in value, Vietnam led the list of top importers which import purchases from Hong Kong from 2009 to 2016. In second place was Thailand with a 61.8% improvement followed by the 153.9% gain in value for the United Arab Emirates.
Only two of the listed countries cut back on their imports: Germany (down -15.7%) and the United Kingdom (down -11.7%).
By DANIEL WORKMAN(Please contact the administrator if have any infringement)