Skip to main content  Skip to search  Skip to main menu
Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city

HONG KONG - ASEAN TRADE RELATIONS

ASEAN* AND HONG KONG ARE IMPORTANT TRADING PARTNERS

  • Hong Kong was ASEAN's 6th largest merchandise trading partner in 2019, and ASEAN was Hong Kong's second largest trading partner in 2019, after the Mainland of China**.
  • Total merchandise trade between Hong Kong and ASEAN amounted to HK$1,017.9 billion, representing 12.1% of Hong Kong's global merchandise trade in 2019 and registering an annual average growth rate of 5.4% per annum between 2015 and 2019.
  • ASEAN was Hong Kong's second largest supplier of goods in 2019, after the Mainland of China**. Between 2015 and 2019, Hong Kong's imports from ASEAN grew at 6.4% per annum on average. In 2019, 16.0% of Hong Kong's total imports, around HK$707.1 billion, were sourced from ASEAN.
  • All ASEAN exports enter Hong Kong at zero tariff. Hong Kong's major imports from ASEAN in 2019 were electrical machinery, apparatus and appliances, and electrical parts thereof; office machines and automatic data processing machines; and telecommunications and sound recording and reproducing apparatus and equipment.
  • In 2019, ASEAN was the second largest market of Hong Kong's goods, after the Mainland of China**. Hong Kong's domestic exports to ASEAN amounted to HK$8.1 billion, accounting for 16.9% of Hong Kong's total domestic exports in 2019.
  • Hong Kong's major domestic exports to ASEAN in 2019 were tobacco and tobacco manufactures; metalliferous ores and metal scrap; and jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials.
  • In late 2017, Hong Kong and ASEAN signed a Free Trade Agreement and an Investment Agreement. The Agreements can enhance trade and investment flows between the two places, generate new opportunities for businesses and boost the economic growth in the longer term. Please click here for more information.

HONG KONG IS AN IMPORTANT ENTREPOT FOR MAINLAND-ASEAN TRADE

  • Hong Kong is an important entrepot for trade between the Mainland of China and ASEAN. In 2019, around HK$289.3 billion of the Mainland's import of goods from ASEAN were routed through Hong Kong. On the other hand, re-exports of Mainland origin goods to ASEAN through Hong Kong amounted to HK$212.9 billion in 2019.

HONG KONG IS AN IMPORTANT LOCATION FOR ASEAN 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 9 040 companies in Hong Kong with parent companies located outside Hong Kong in June 2019, there are 62 regional headquarters, 143 regional offices and 423 local offices in Hong Kong with their parent companies located in ASEAN.
  • Hong Kong welcomes ASEAN investment and offers an environment in which there is free flow of capital and return on investment without exchange controls.
  • ASEAN was the sixth largest source of external investment in Hong Kong at end-2018. ASEAN's inward direct investment in Hong Kong amounted to HK$533 billion, accounting for 3.5% of the total**.
  • Hong Kong and Thailand signed an Investment Promotion and Protection Agreement (IPPA) and the IPPA entered into force in April 2006. Please click here for more information.
Hong Kong's Merchandise Trade with ASEAN and Individual Member States in 2019
Ranking Member States Value of
Total Trade
(in HK$ million)
Value of
Imports
(in HK$ million)
Value of
Domestic Exports
(in HK$ million)
Value of
Re-exports
(in HK$ million)
1 Singapore 362,656 290,657 2,838 69,161
2 Malaysia 196,562 162,002 1,090 33,470
3 Viet Nam 158,586 78,373 2,026 78,186
4 Thailand 141,356 85,267 958 55,131
5 The Philippines 105,634 70,134 418 35,082
6 Indonesia 40,112 17,610 625 21,876
7 Cambodia 9,504 1,957 74 7,473
8 Myanmar 2,863 821 16 2,026
9 Brunei Darussalam 345 225 16 104
10 Laos 236 75 6 155
ASEAN 1,017,853
(12.1%)
707,120
(16.0%)
8,067
(16.9%)
302,666
(7.7%)
All trading partners 8,404,126 4,415,440 47,751 3,940,935

Notes :

1. Figures in brackets represent the percentage share of ASEAN against all trading partners of Hong Kong.

2. The ranking is based on total value of trade.

3. Due to rounding, the figures may not add up to the total.

* At present, the Association of Southeast Asian Nations (ASEAN) comprises Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.

** The ranking was arrived at by taking ASEAN as a single entity while all the other trading partners were considered on a per country / economy basis. The ranking on direct investment was based on some selected economies.

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

October 2020