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Hong Kong

Hong Kong’s Special Reliance on Trade Under Threat

After China's approval to extend national security laws to Hong Kong and a subsequent warning by the U.S. to react with their own measures – potentially even extending tariffs to the special administrative region - the city stands in danger of losing some of its privileges and its status as a global commercial and financial hub.

U.S. President Donald Trump has said that he would decide on a reply this week, Many companies in Hong Kong, among them many Chinese companies, depend on the special administrative region granting them the right to conduct their business with the world freely, which has led to an elevated reliance on trade in the city.

In 2019, trade stood at 353 percent of GDP in Hong Kong, second only to Luxembourg, . Among the list of the countries most reliant on trade in the world are many small economies, who naturally deal in trade more, but many of whom have also made a virtue out of their special situations. In the case of Hong Kong, this business concept is now under threat.

Description

This chart shows trade as a share of GDP in selected countries around the world (2019).

Age distribution in Hong Kong 1970-2025
Premium statistics
Total expenditure of the Hong Kong government FY 2015-2025
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Value of services exported from Hong Kong 2013-2025
Premium statistics
Monthly inflation rate in Hong Kong 2023-2026
Leading social media platforms in Hong Kong 2026, based on market share
Value of the total retail sales in Hong Kong 2014-2025

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