HONG KONG - BRAZIL TRADE RELATIONS
BRAZIL AND HONG KONG ARE IMPORTANT TRADING PARTNERS
- In 2023, Brazil was Hong Kong's 2nd largest trading partner in Latin America and 26th worldwide. Hong Kong was Brazil's 43rd largest trading partner in 2023.
- In 2023, bilateral merchandise trade between Brazil and Hong Kong decreased by 17.6% over 2022, amounted to HK$22,712.0 million. The average annual growth rate from 2019 to 2023 was -8.4%.
- Hong Kong imported HK$9,745.4 million worth of goods from Brazil in 2023. Major imports included meat and meat preparations; crude animal and vegetable materials; and petroleum, petroleum products and related materials.
- In 2023, Hong Kong's domestic exports of goods to Brazil amounted to HK$17.9 million. Major domestic exports to Brazil included professional, scientific and controlling instruments and apparatus; non-ferrous metals; and miscellaneous edible products and preparations.
- Hong Kong's re-exports of goods to Brazil totalled HK$12,948.6 million in 2023. Major re-exports were electrical machinery, apparatus and appliances, and electrical parts thereof; office machines and automatic data processing machines; and telecommunications equipment.
HONG KONG IS AN IMPORTANT ENTREPÔT FOR SINO-BRAZIL TRADE
- Hong Kong is an important entrepôt for merchandise trade between Brazil and Mainland China. In 2023, about HK$10,877.5 million, representing around 0.8% of the total trade between Brazil and Mainland China, was routed through Hong Kong.
HONG KONG IS AN IMPORTANT LOCATION FOR BRAZILIAN INTERESTS
- Hong Kong is a separate customs territory and participates in the World Trade Organization as a full and separate member, using the name "Hong Kong, China".
- Hong Kong welcomes overseas investment and offers an environment in which there is a free flow of capital and return on investment without exchange controls.
- As at 1 June 2023, there was a total of 10 regional headquarters, regional offices and local offices in Hong Kong with parent companies located in Brazil.
| Summary of Hong Kong's Trade with Brazil (in HK$ million) | ||||
|---|---|---|---|---|
| 2022 | % change 2022/2021 |
2023 | % change 2023/2022 |
|
| Domestic Exports | 29.9 | +28.8 | 17.9 | -40.1 |
| Re-exports | 18,392.7 | -5.4 | 12,948.6 | -29.6 |
| Total Exports | 18,422.6 | -5.3 | 12,966.5 | -29.6 |
| Imports | 9,137.4 | -39.9 | 9,745.4 | +6.7 |
| Total Trade | 27,560.0 | -20.5 | 22,712.0 | -17.6 |
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 2024
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.