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Hong Kong SAR

Hong Kong

The EU and Hong Kong enjoy a stable trade relationship. Bilateral trade and economic relations are mature and characterized by a very limited incidence of trade irritants.

Trade picture

  • Hong Kong was the EU's 20th largest trading partner in goods in 2018 and ranked as the EU's 8th trading partner in Asia. The EU is Hong Kong's second major trade partner after China.
  • EU imports from Hong Kong are dominated by machinery and transport equipment and telecommunication equipment. EU exports to Hong Kong are dominated by machinery and transport equipment, telecommunication equipment, chemicals and other semi-finished products.
  • In commercial services EU-Hong Kong trade has showed a stable development over the past years. The main areas of EU-Hong Kong trade in services are air transport and transportation, business and financial services.
  • Foreign direct investment data indicate that over the past years the EU has been a major source of foreign direct investment in Hong Kong. In 2017, Hong Kong was the third-most popular FDI destination for the EU.
  • According to the latest survey carried out by the Hong Kong SAR government (2018), over 2 200 EU companies have set up their businesses in Hong Kong and around half of them are using Hong Kong as their regional headquarters or regional offices. The EU’s business presence covers a large variety of sectors, mainly financial and business services, trading, logistics, construction and retailing. EU companies are key players in a range of sectors of the Hong Kong economy, including banking, insurance and securities.

EU-Hong Kong: Trade in goods

Trade in goods 2017-2019, € billions
Year EU imports EU exports Balance
2017 5.9 28.6 22.6
2018 7.4 27.9 20.5
2019 7.0 26.7 19.7

EU-Hong Kong: Trade in services

Trade in services 2016-2018, € billions
Year EU imports EU exports Balance
2016 9.0 8.3 -0.7
2017 9.7 9.7 0.0
2018 10.6 10.2 -0.4

EU-Hong Kong: Foreign direct investment

Foreign direct investment 2018, € billions
Year Inward stocks Outward stocks Balance
2018 143.2 80.8 -62.4

Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Date of retrieval: 22/04/2020

More statistics on Hong Kong

EU and Hong Kong

Bilateral trade relations between the EU and Hong Kong are regularly discussed in annual Structured Dialogue meetings that have been held every year since 2007 involving the European Commission and Hong Kong’s government authorities.

The yearly Structured Dialogue meetings between the European Commission and Hong Kong's government authorities allow the EU to exchange information with the Hong Kong authorities on a variety of key issues affecting bilateral trade.

Trading with Hong Kong