Hong Kong SAR, China | Exports of goods and services (current US$)

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. Data are in current U.S. dollars. 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.
Publisher
The World Bank
Origin
Hong Kong Special Administrative Region of the People's Republic of China
Records
63
Source
Hong Kong SAR, China | Exports of goods and services (current US$)
1960
1961 1149077545.5659
1962 1263224321.6155
1963 1414306395.9316
1964 1609005531.0145
1965 1675916230.3665
1966 1889960077.4045
1967 2170856894.3019
1968 2451069004.6178
1969 3029243796.7704
1970 3541855147.7966
1971 3999563824.2547
1972 4818647513.5591
1973 6859419022.6367
1974 8133821900.5828
1975 8380060897.6353
1976 11516881422.28
1977 13104032604.033
1978 15674897468.159
1979 20190630317.789
1980 25613519710.182
1981 28115340417.184
1982 27405152327.454
1983 28132870173.528
1984 34837426451.778
1985 37099123961.108
1986 43008160743.621
1987 57087679928.189
1988 71728414040.482
1989 81398943091.318
1990 90213678231.009
1991 106158058371.41
1992 127907419893.31
1993 144855533189.93
1994 162013385147.31
1995 182563661857.75
1996 194352293058.9
1997 204029716550.44
1998 187183688551.55
1999 186851434096.04
2000 216356805084.53
2001 207977175829.46
2002 219708197945.95
2003 243330657848.27
2004 283708654340.01
2005 322200039525.12
2006 358398925414.59
2007 394442958247.2
2008 424118380347.95
2009 381294159383.36
2010 469446853182.59
2011 528967240493.32
2012 566883265817.19
2013 610972021660.65
2014 621073310667.43
2015 606079014416.1
2016 600025250410.64
2017 644673433249.5
2018 681282515787.46
2019 645006704384.44
2020 608150234620.74
2021 752723974682.24
2022 697587039484.68

Hong Kong SAR, China | Exports of goods and services (current US$)

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. Data are in current U.S. dollars. 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.
Publisher
The World Bank
Origin
Hong Kong Special Administrative Region of the People's Republic of China
Records
63
Source