Hong Kong: Imports, percent of GDP

* indicates monthly or quarterly data series
 Hong Kong

Imports of goods and services as percent of GDP

 Latest value 189.93
 Year 2022
 Measure percent
 Data availability 1961 - 2022
 Average 125.14
 Min - Max 72.26 - 221.01
 Source The World Bank
For that indicator, we provide data for Hong Kong from 1961 to 2022. The average value for Hong Kong during that period was 125.14 percent with a minimum of 72.26 percent in 1965 and a maximum of 221.01 percent in 2013. The latest value from 2022 is 189.93 percent. For comparison, the world average in 2022 based on 133 countries is 51.99 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Hong Kong - Imports, percent of GDP - recent values

Historical chart
Hong Kong - Imports, percent of GDP - historical chart - 1961-2022




The imports of Hong Kong and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 100.31 2021 percent
 Trade openness 383.79 2022 percent
 Exports, percent of GDP 193.86 2022 percent
 Exports, billion dollars 697.59 2022 billion U.S. dollars
 Growth of exports -12.61 2022 percent
 Imports, percent of GDP 189.93 2022 percent
 Imports, billion dollars 683.44 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 33.61 2022 percent
 Foreign Direct Investment, billion dollars 120.95 2022 billion U.S. dollars
 Portfolio investment inflows, equities 5,488.90 2022 million dollars (current)
 Current account, percent of GDP 10.50 2022 percent
 Current account, in dollars 37.91 2022 billion U.S. dollars
 Trade balance, percent of GDP 3.93 2022 percent
 Trade balance, in dollars 14.17 2022 billion U.S. dollars
 Reserves 424.03 2022 billion U.S. dollars
 Remittances, percent of GDP 0.12 2022 percent
 Net errors and omissions -934.39 2022 million USD
 Foreign exchange reserves 415.71 9/2023 billion
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