Hong Kong SAR, China - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Hong Kong SAR, China was 176.74 as of 2020. Its highest value over the past 59 years was 221.61 in 2013, while its lowest value was 68.82 in 1965.

Definition: Exports of goods and services represent the value of all goods and other market services provided to 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 83.04
1962 78.35
1963 73.08
1964 72.92
1965 68.82
1966 75.91
1967 80.63
1968 90.21
1969 94.97
1970 93.19
1971 89.36
1972 84.39
1973 85.42
1974 86.63
1975 83.40
1976 89.44
1977 83.36
1978 85.58
1979 89.63
1980 88.75
1981 90.53
1982 84.87
1983 94.07
1984 103.96
1985 103.92
1986 104.71
1987 112.77
1988 120.13
1989 118.33
1990 117.27
1991 119.33
1992 122.67
1993 120.36
1994 119.29
1995 126.21
1996 121.68
1997 115.04
1998 110.83
1999 112.72
2000 126.03
2001 122.77
2002 132.08
2003 150.78
2004 167.78
2005 177.45
2006 185.19
2007 186.41
2008 193.42
2009 178.14
2010 205.32
2011 212.85
2012 215.85
2013 221.61
2014 213.09
2015 195.90
2016 187.02
2017 188.92
2018 188.36
2019 177.67
2020 176.74

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts