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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city

HONG KONG - MEXICO TRADE RELATIONS

MEXICO AND HONG KONG ARE IMPORTANT TRADING PARTNERS

  • In 2022, Mexico was Hong Kong's largest trading partner in Latin America and 20th worldwide. Hong Kong was Mexico's 40th largest trading partner in 2022.
  • In 2022, bilateral merchandise trade between Mexico and Hong Kong decreased by 0.4% from 2021, amounted to HK$47,598.1 million. The average annual growth rate from 2018 to 2022 was 3.1%.
  • Hong Kong imported HK$5,190.1 million worth of goods from Mexico in 2022. Major imports included electrical machinery, apparatus and appliances, and electrical parts thereof; office machines and automatic data processing machines; and telecommunications equipment.
  • In 2022, Hong Kong's domestic exports of goods to Mexico amounted to HK$49.5 million. Major domestic exports to Mexico included non-ferrous metals; jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials; and general industrial machinery and equipment, and machine parts.
  • Hong Kong's re-exports of goods to Mexico totalled HK$42,358.6 million in 2022. Major re-exports were electrical machinery, apparatus and appliances, and electrical parts thereof; telecommunications equipment; and office machines and automatic data processing machines.

HONG KONG IS AN IMPORTANT ENTREPÔT FOR SINO-MEXICO TRADE

  • Hong Kong is an important entrepôt for merchandise trade between Mexico and Mainland China. In 2022, about HK$58,436.0 million, representing around 7.5% of the total trade between Mexico and Mainland China, was routed through Hong Kong.

HONG KONG IS AN IMPORTANT LOCATION FOR MEXICAN INTERESTS

  • Hong Kong is a separate customs territory and participates in the World Trade Organization as a full and separate member, using the name "Hong Kong, China".
  • Hong Kong welcomes overseas investment and offers an environment in which there is a free flow of capital and return on investment without exchange controls.
  • As at 1 June 2022, there were fewer than 5 regional headquarters and fewer than 5 local offices in Hong Kong with parent companies located in Mexico.
  • Hong Kong and Mexico signed an Investment Promotion and Protection Agreement in January 2020 and the Agreement entered into force on 16 June 2021. The Agreement enhances the confidence of investors, expands investment flows between the two places, and further strengthens bilateral economic and trade ties.
  Summary of Hong Kong's Trade with Mexico (in HK$ million)
2021 % Change 2021/2020 2022 % Change 2022/2021
Domestic Exports 55.1 -1.8 49.5 -10.3
Re-exports 41,446.7 +51.2 42,358.6 +2.2
Total Exports 41,501.9 +51.1 42,408.1 +2.2
Imports 6,285.2 -26.2 5,190.1 -17.4
Total Trade 47,787.1 +32.8 47,598.1 -0.4

Prepared by:

Trade and Industry Department
The Government of the Hong Kong
Special Administrative Region

Trade and Industry Tower,
3 Concorde Road, Kowloon City,
Hong Kong
Telephone: (852) 2398 5405
Website: www.tid.gov.hk

July 2023

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.