HONG KONG - MEXICO TRADE RELATIONS
MEXICO AND HONG KONG ARE IMPORTANT TRADING PARTNERS
- In 2023, Mexico was Hong Kong's largest trading partner in Latin America and 22nd worldwide. Hong Kong was Mexico's 39th largest trading partner in 2023.
- In 2023, bilateral merchandise trade between Mexico and Hong Kong decreased by 17.4% from 2022, amounted to HK$39,315.2 million. The average annual growth rate from 2019 to 2023 was -3.4%.
- Hong Kong imported HK$3,452.1 million worth of goods from Mexico in 2023. Major imports included electrical machinery, apparatus and appliances, and electrical parts thereof; office machines and automatic data processing machines; and telecommunications equipment.
- In 2023, Hong Kong's domestic exports of goods to Mexico amounted to HK$40.6 million. Major domestic exports to Mexico included plastics in primary forms; miscellaneous edible products and preparations; and non-ferrous metals.
- Hong Kong's re-exports of goods to Mexico totalled HK$35,822.5 million in 2023. 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 2023, about HK$47,575.4 million, representing around 5.8% of the total trade between Mexico and Mainland China, was routed through Hong Kong.
HONG KONG IS AN IMPORTANT LOCATION FOR MEXICAN INTERESTS
- Hong Kong is a separate customs territory and participates in the World Trade Organization as a full and separate member, using the name "Hong Kong, China".
- Hong Kong welcomes overseas investment and offers an environment in which there is a free flow of capital and return on investment without exchange controls.
- Hong Kong and Mexico signed an Investment Promotion and Protection Agreement in January 2020 and the Agreement entered into force on 16 June 2021. The Agreement enhances the confidence of investors, expands investment flows between the two places, and further strengthens bilateral economic and trade ties.
| Summary of Hong Kong's Trade with Mexico (in HK$ million) | ||||
|---|---|---|---|---|
| 2022 | % change 2022/2021 | 2023 | % change 2023/2022 | |
| Domestic Exports | 49.5 | -10.3 | 40.6 | -18.0 |
| Re-exports | 42,358.6 | +2.2 | 35,822.5 | -15.4 |
| Total Exports | 42,408.1 | +2.2 | 35,863.1 | -15.4 |
| Imports | 5,190.1 | -17.4 | 3,452.1 | -33.5 |
| Total Trade | 47,598.1 | -0.4 | 39,315.2 | -17.4 |
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 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.