Hong Kong-Australia Trade Relations
- Points to Note
- The average annual growth rate in bilateral trade between Hong Kong and Australia was 1% from 2008 to 2012. The bilateral trade decreased by 6% in 2012.
- In 2012, Australia was Hong Kong's 19th largest trading partner; our 15th largest market for domestic exports; 13th largest market for re-exports; and 22nd largest source of imports.
- Reciprocally, Hong Kong was Australia's 19th largest trading partner, 13th largest export market and 27th largest source of imports in 2010.
- In 2012, HK$33.5 billion (US$4.3 billion) worth of trade between Australia and the Mainland of China was routed through Hong Kong, representing 3.5% of the total trade between Australia and the Mainland.
- Summary of Hong Kong's Trade with Australia
* Figure denotes share of Mainland-origin re-exports in Total Re-exports.
|(Values in million)|
||% Change over 2010
||% Change over|
|(a) Domestic Exports
|- of Mainland origin
|(c) Total Exports
|(e) Total Trade
|(f) Balance of Trade
- Essential Facts on Hong Kong's Trade with Australia
- In 2012, Hong Kong's major domestic export items to Australia were jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials (25%); photographic apparatus, equipment and supplies and optical goods, watches and clocks (14%); and miscellaneous edible products and preparations (14%).
- In 2012, Hong Kong's major re-export items to Australia were telecommunications and sound recording and reproducing apparatus and equipment (23%); articles of apparel and clothing accessories (13%); and office machines and automatic data processing machines (9%).
- In 2012, Hong Kong's major import items from Australia were telecommunications and sound recording and reproducing apparatus and equipment (15%); fish, crustaceans, molluscs and aquatic invertebrates, and preparations thereof (11%); and non-ferrous metals (9%).
- Bilateral Trade in Services
- From 2006 to 2010, the average annual growth rate of exports of services to Australia was 10.5%. In 2010, the value of total exports of services to Australia increased by 23.0% year-on-year to HK$22.4 billion (US$2.9 billion), equivalent to 2.7% of Hong Kong's total exports of services. Major groups of services exports include transportation services, merchanting and other trade-related services, and travel services.
- From 2006 to 2010, the average annual growth rate of imports of services from Australia was 5.2%. In 2010, the value of total imports of services from Australia increased by 19.0% year-on-year to HK$19.9 billion (US$2.6 billion), equivalent to 5.0% of Hong Kong's total imports of services. Major groups of services imports include travel services and transportation services.
- Bilateral Investment
- At the end of 2011, Australia was the 19th major source of inward direct investment (IDI) into Hong Kong, with an IDI stock of HK$24.8 billion (US$3.2 billion). The IDI flow from Australia was -HK$0.3 billion (-US$0.04 billion) in 2011.
- At the end of 2011, Australia was the 6th major destination of outward direct investment (ODI) from Hong Kong, with an ODI stock of HK$95.3 billion (US$12.2 billion). The ODI flow to Australia was HK$8.8 billion (US$1.1 billion) in 2011.
- As at 1 June 2012, 34 regional headquarters, 48 regional offices and 80 local offices were set up by Australian companies in Hong Kong.
- Hong Kong and Australia signed the Investment Promotion and Protection Agreement (IPPA) on 15 September 1993. The Agreement came into force on 15 October 1993.
- Hong Kong-Australia Memorandum of Understanding on Co-operation in Wine-related Businesses
- The Memorandum of Understanding on Co-operation in Wine-Related Businesses between Hong Kong and Australia was signed on 16 April 2009.