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- 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
| (Values in million) |
| |
2011 |
% Change over 2010 |
2012 |
% Change over
2011 |
| (a) Domestic Exports |
HK$792
(US$102) |
-31 |
HK$795
(US$102) |
+0.3 |
| (b) Re-exports |
HK$40,782 (US$5,239) |
+10 |
HK$38.512
(US$4,965) |
-6 |
| - of Mainland origin |
HK$29,149
(US$3,745)
71%* |
+9 |
HK$29.729 (US$3,833)
77%* |
+2 |
(c) Total Exports
[(a)+(b)] |
HK$41,574
(US$5,341) |
+9 |
HK$39,306
(US$5,068) |
-5 |
| (d) Imports |
HK$19,271 (US$2,476) |
+20 |
HK$17,785
(US$2,293) |
-8 |
(e) Total Trade
[(c)+(d)] |
HK$60,845
(US$7,817) |
+12 |
HK$57,091 (US$7,361) |
-6 |
(f) Balance of Trade
[(c)-(d)] |
HK$22,303
(US$2,865) |
|
HK$21,522
(US$2,775) |
| | * Figure denotes share of Mainland-origin re-exports in Total Re-exports.
- Essential Facts on Hong Kong's Trade with Australia
Domestic Exports
- 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%).
Re-exports
- 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%).
Imports
- 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.
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