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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 2019, Mexico was Hong Kong's largest trading partner in Latin America and 21st worldwide. Hong Kong was Mexico's 34th largest trading partner in 2019.
  • In 2019, bilateral merchandise trade between Mexico and Hong Kong increased by 7.2% over 2018, amounted to HK$45,069 million. The average annual growth rate from 2015 to 2019 was 6.5%.
  • Hong Kong imported HK$8,633 million worth of goods from Mexico in 2019. Major imports included electrical machinery, apparatus and appliances, and electrical parts thereof; office machines and automatic data processing machines; and telecommunications equipment.
  • In 2019, Hong Kong's domestic exports of goods to Mexico amounted to HK$37 million. Major domestic exports to Mexico included general industrial machinery and equipment, and machine parts; electrical machinery, apparatus and appliances, and electrical parts thereof; and jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials.
  • Hong Kong's re-exports of goods to Mexico totalled HK$36,399 million in 2019. Major re-exports were telecommunications equipment; electrical machinery, apparatus and appliances, and electrical parts thereof; 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 2019, about HK$49,913 million, representing around 10% 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 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.
  • As at 3 June 2019, 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 on 23 January 2020 to strengthen mutual investment protection. The Agreement is set to enhance the confidence of investors, expand investment flows and further strengthen the economic and trade ties between the two places. The Agreement will enter into force after the fulfilment of relevant internal requirements by both sides.
  Summary of Hong Kong's Trade with Mexico (in HK$ million)
2018 % Change 2018/2017 2019 % Change 2019/2018
Domestic Exports 22 -3.2 37 +66.9
Re-exports 34,307 +18.5 36,399 +6.1
Total Exports 34,329 +18.5 36,437 +6.1
Imports 7,727 +17.9 8,633 +11.7
Total Trade 42,056 +18.4 45,069 +7.2

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

October 2020

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.