HONG KONG - NEW ZEALAND TRADE RELATIONS
NEW ZEALAND AND HONG KONG ARE IMPORTANT TRADING PARTNERS
- In 2023, New Zealand was Hong Kong's 41st largest trading partner. Hong Kong was New Zealand's 20th largest trading partner in 2023.
- Total merchandise trade between Hong Kong and New Zealand amounted to HK$7.2 billion in 2023, decreased by 6.8% from 2022. The average annual growth rate from 2019 to 2023 was -10.9%.
- In 2023, Hong Kong's domestic export of goods to New Zealand amounted to HK$0.06 billion. Major domestic exports to New Zealand included plastics in non-primary forms; miscellaneous edible products and preparations; and petroleum, petroleum products and related materials.
- Hong Kong's re-export of goods to New Zealand totalled HK$3.2 billion. Major re-exports were telecommunications and sound recording and reproducing apparatus and equipment; office machines and automatic data processing machines; and photographic apparatus, equipment and supplies and optical goods; watches and clocks.
- In 2023, Hong Kong imported HK$4.0 billion worth of goods from New Zealand. Major imports included dairy products and birds' eggs; vegetables and fruit; and meat and meat preparations.
- Hong Kong and New Zealand signed the Hong Kong, China - New Zealand Closer Economic Partnership Agreement (CEP Agreement) in March 2010. The CEP Agreement entered into force on 1 January 2011. It facilitates trade in goods and services between Hong Kong and New Zealand and opens up new business opportunities. It also strengthens the trade and investment ties between the two economies. Please click here for more information.
HONG KONG IS AN IMPORTANT ENTREPOT FOR MAINLAND-NEW ZEALAND TRADE
- Hong Kong is an important entrepôt for merchandise trade between New Zealand and the Mainland of China. Re-export trade between the two economies through Hong Kong amounted to HK$ 4.8 billion in 2023.
HONG KONG IS AN IMPORTANT LOCATION FOR NEW ZEALAND INTERESTS
- Hong Kong is a separate customs territory recognised by the World Trade Organization as a member.
- 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.
- In the survey covering 9 039 companies in Hong Kong with parent companies located outside Hong Kong in June 2023, there were less than 5 regional headquarters, less than 5 regional offices and 13 local offices in Hong Kong with their parent companies located in New Zealand.
- Hong Kong and New Zealand signed an Investment Promotion and Protection Agreements (IPPA) and the IPPA entered into force in August 1995. Please click here for more information.
| Summary of Hong Kong's Merchandise Trade with New Zealand (in HK$ million) | ||||
|---|---|---|---|---|
| 2022 | % Change 2022/2021 | 2023 | % Change 2023/2022 | |
| Domestic Exports | 69 | -13.9 | 62 | -9.8 |
| Re-exports | 3,238 | -21.8 | 3,180 | -1.8 |
| Total Exports | 3,307 | -21.6 | 3,243 | -1.9 |
| Imports | 4,409 | -19.4 | 3,952 | -10.4 |
| Total Trade | 7,716 | -20.4 | 7,194 | -6.8 |
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.
Trade and Industry Department
The Government of the Hong Kong
Special Administrative Region
Telephone : (852) 2398 5594
Website : www.tid.gov.hk
March 2024