HONG KONG - TAIWAN TRADE RELATIONS
TAIWAN AND HONG KONG ARE IMPORTANT TRADING PARTNERS
- In 2023, Taiwan was Hong Kong's 2nd largest trading partner. Hong Kong was Taiwan's 4th largest trading partner in 2023.
- Total merchandise trade between Hong Kong and Taiwan amounted to HK$664.7 billion in 2023, decreased by 10.4% from 2022. The average annual growth rate from 2019 to 2023 was 12.2%.
- In 2023, Hong Kong's domestic export of goods to Taiwan amounted to HK$7.3 billion. Major domestic exports to Taiwan included non-ferrous metals; jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials; and metalliferous ores and metal scrap.
- Hong Kong's re-export of goods to Taiwan totalled HK$131.5 billion. Major re-exports 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 2023, Hong Kong imported HK$525.9 billion worth of goods from Taiwan. Major imports included 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.
HONG KONG IS AN IMPORTANT ENTREPOT FOR MAINLAND-TAIWAN TRADE
- Hong Kong is an important entrepôt for merchandise trade between Taiwan and the Mainland of China. Re-export trade between the two economies through Hong Kong amounted to HK$576.9 billion in 2023.
HONG KONG IS AN IMPORTANT LOCATION FOR TAIWAN 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 survey covering 9 039 companies in Hong Kong with parent companies located outside Hong Kong, as of June 2023, there were 25 regional headquarters, 97 regional offices and 242 local offices with parent companies located in Taiwan.
- Taiwan was the 10th largest source of external investment in Hong Kong at end-2022. Taiwan's inward direct investment in Hong Kong amounted to HK$183.2 billion, accounting for 1.2% of the total.
| Summary of Hong Kong's Merchandise Trade with Taiwan (in HK$ million) | ||||
|---|---|---|---|---|
| 2022 | % Change 2022/2021 | 2023 | % Change 2023/2022 | |
| Domestic Exports | 6,550 | -20.9 | 7,294 | +11.4 |
| Re-exports | 147,617 | +8.9 | 131,548 | -10.9 |
| Total Exports | 154,167 | +7.2 | 138,842 | -9.9 |
| Imports | 587,422 | +7.3 | 525,905 | -10.5 |
| Total Trade | 741,589 | +7.3 | 664,747 | -10.4 |
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