Hong Kong SAR, China | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from 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. 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 | Imports of goods and services (% of GDP)
1960
1961 90.63715627
1962 86.65822493
1963 80.19564592
1964 80.58546433
1965 72.26402924
1966 79.44265509
1967 75.97415186
1968 84.83033932
1969 86.14498122
1970 85.48428979
1971 85.1542296
1972 76.44429268
1973 79.10808914
1974 81.84165961
1975 77.80757829
1976 78.76211286
1977 76.82850281
1978 84.57018955
1979 88.33890905
1980 89.26186647
1981 92.05141205
1982 84.30448203
1983 92.26209379
1984 95.95445662
1985 93.88051545
1986 95.60190313
1987 102.35681536
1988 111.20718509
1989 106.86635928
1990 108.73115997
1991 112.53278135
1992 117.46633132
1993 113.61145423
1994 118.13540267
1995 130.68964778
1996 123.16925187
1997 118.39881493
1998 110.29857638
1999 107.55373865
2000 121.62256327
2001 118.07928292
2002 123.91969421
2003 141.67867593
2004 159.06515742
2005 165.23629282
2006 174.02349817
2007 175.73705623
2008 183.24162937
2009 170.26249891
2010 199.44796356
2011 209.00229008
2012 214.71896494
2013 221.00995882
2014 212.88545822
2015 193.50834765
2016 184.72210288
2017 187.8932671
2018 188.55326654
2019 176.09220597
2020 174.3752226
2021 198.46970765
2022 189.92979533

Hong Kong SAR, China | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from 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. 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