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Australia-Hong Kong relationship
[ Economic Relations ]
The economic relationship between Australia and Hong Kong is strong and flourishing. Australia's total merchandise trade with Hong Kong in 2007 was worth A$4,194 million. The value of Australia's merchandise exports to Hong Kong in 2007 was A$2,814 million, and accounted for 1.6 per cent of Australia's total merchandise exports. Merchandise imports from Hong Kong in 2007 totalled A$1,402 million or 0.7 per cent of Australia’s total merchandise imports. (For further information, please refer to Tables and Charts)
In terms of merchandise trade in 2007-08, Hong Kong was Australia's 15th largest export market, 27th largest source of imports and 20th largest trading partner.
Australia's major merchandise exports to Hong Kong in 2007-08 were:
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Crustaceans A$365 million |
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Zinc A$270 million |
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Pearls and gems A$170 million |
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Aluminium A$127 million |
Australia's major merchandise imports from Hong Kong in 2007-08 were:
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Telecommunications equipment A$162 million |
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Jewellery A$85 million |
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Computer A$64 million |
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Printed matter A$61 million |
Australia's services trade with Hong Kong was worth A$3,518 million in 2007-08, with services exports of A$1,574 million and services imports of A$1,744 million. Hong Kong accounted for 3.3 per cent of Australia's total services exports and 3.8 per cent of total services imports in 2007-08. (Please refer to Tables and Charts).
Hong Kong is Australia's 10th largest destination for foreign investment. Australian investment in Hong Kong totalled A$17,011 million at the end of 2007-08. This includes investment in banking, insurance, securities services, professional services, building, road construction, aviation, telecommunications and information technology.
Hong Kong investment in Australia reached A$41,656 million at the end of 2007. Hong Kong is the 5th largest source of foreign investment in Australia. Hong Kong direct investment covers electricity supply, food processing, light industry, insurance, engineering, hotels, telecommunications, electronic devices, biotechnology and aircraft services. (Please refer to Tables and Charts).
Australian trade and investment in Hong Kong relies in large part on Hong Kong's role as an international financial and business centre, and its role as an "entrepot" and trend leader for China. Hong Kong is also a sophisticated and affluent market for Australian goods and services in its own right. Hong Kong's emphases on financial and professional services, environmental protection, education, tourism and information technology development are providing significant new areas of potential for further cooperation, trade and bilateral investment between Hong Kong and Australia.
For more statistics on Australia, please visit the Australian Bureau of Statistics' website at http://www.abs.gov.au.
For statistics and information on Australian finance, please visit the websites of the Reserve Bank of Australia at http://www.rba.gov.au, and the Treasury of Australia at http://www.treasury.gov.au.
The Department of Foreign Affairs and Trade at http://www.dfat.gov.au also maintains an information page on Hong Kong at http://www.dfat.gov.au/geo/hong_kong/index.html.