Last updated in February 2022.
Covid-19 casting a long shadow on the economy
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MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD368.13bn (World ranking 38, World Bank 2021) |
Population | Population: 7.41mn (World ranking 102, World Bank 2021) |
Form of state | Special Administrative Region of the People’s Republic of China |
Head of government | Head of government: John Lee Ka-chiu (Chief Executive) |
Next elections | 2025, legislative election |

- Gateway to mainland China, close ties with the Chinese market (competitive advantage for trade, finance and services)
- Strong external liquidity and public debt position
- Sound banking system and proven monetary policy framework
- Very strong business environment

- Long-term competition from Mainland China cities
- Sensitive to political developments in Mainland China and U.S.-China relations.
- As a small, very open and financially integrated economy, Hong Kong is highly sensitive to global economic and financial shocks
- Exposed to local property sector price fluctuations
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
China
59.9%
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1 |
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United States
6.0%
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2 |
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China, Taiwan Province of
2.8%
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3 |
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Japan
2.3%
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4 |
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Japan
2.3%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
44.1%
|
1 |
42.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Office machines and automatic data processing machines
16.8%
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2 |
13.2%
Office machines and automatic data processing machines
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Telecommunication and sound recording apparatus
8.4%
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3 |
8.7%
Telecommunication and sound recording apparatus
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Gold, non-monetary (excluding gold ores and concentrates)
4.9%
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4 |
4.7%
Miscellaneous manufactured articles, n.e.s.
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Miscellaneous manufactured articles, n.e.s.
4.0%
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5 |
4.3%
Gold, non-monetary (excluding gold ores and concentrates)
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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