72634 World Trade Indicators 2009/10 Hong Kong, China: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $215,355 $30,863 2.32% $127,826 1986 1995 1 1 TRADE PERFORMANCE‡ HongKong HI non- Ranking Decile OECD High inc TRADE POLICY (TP) (out of 125) 1 1 EXTERNAL ENVIRONMENT (EE) (out of 125) 78 7 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 3 1 TRADE FACILITATION (TF) (out of 155) 13 1 TRADE OUTCOME (TO) (out of 157) 123 8 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 0.0 0.0 0.0 * TTRI (applied tariff including preferences) .. 0.0 0.0 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 1.0 1.1 * MFN applied tariff - simple avg (%) 0.0 .. 0.0 0.0 TTRI (MFN) Dispersion (coefficient of variation) .. .. 0.0 0.0 Maximum rate (excl. alcohol and tobacco) .. .. 0.0 0.0 Agriculture - simple avg (%) 0.0 .. 0.0 0.0 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 0.0 .. 0.0 0.0 MFN applied tariff - trade weighted avg (%) 0.0 .. 0.0 0.0 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 0.0 .. 0.0 0.0 Agriculture 0.0 .. 0.0 0.0 Import duties Nonagriculture 0.0 .. 0.0 0.0 Applied tariff (incl. prefs.) - production weighted avg (%) .. 0.0 0.0 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) 0.0 0.0 0.0 * HongKong HI non-OECD High inc Agriculture .. 0.0 0.0 0.0 Nonagriculture .. 0.0 0.0 0.0 Import duties (% of imports) .. .. .. .. Tariff overhang (MFN bound minus MFN applied rate,%) 0.0 .. 0.0 0.0 GATS commit. Bound tariff frequency ratio (% of total lines) .. .. 45.5 45.8 index Non-ad valorem tariff frequency ratio (%) 0.0 .. 0.0 0.0 Non-tariff measures frequency ratio (%) .. .. .. .. 0 40 80 Anti-dumping initiations 0.0 0.0 0.0 0.0 HongKong HI non-OECD High inc Overall GATS commitment index (0-100, best) .. 25.5 25.5 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 5.0 4.2 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 15.7 11.4 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 8.8 7.2 4.9 4.7 ROW applied(wgt avg) Agriculture 20.0 25.1 25.3 28.4 Nonagriculture 8.6 7.0 4.6 4.3 MFN zero duty exports (%) MFN zero-duty exports (% of total exports) 21.0 36.4 47.5 49.4 * Exports to FTA / CU partners (% of total exports) 48.3 59.4 54.5 48.5 HongKong 0 HI non-OECD High inc 1 Anti-dumping initiations faced 2.4 1.2 2.0 2.0 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 2.3 -3.3 -4.9 -8.2 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 4 3 3 Ease of Starting a business (rank) .. 13 16 18 Doing 160 Business Enforcing contracts (rank) .. 1 5 3 Rank Closing a business (rank) .. 15 13 13 80 World Governance Indicators (WGI) 2005 2006 2007 2008 HongKong Regulatory Quality (-2.5 to +2.5, best) 1.84 1.91 1.89 2.00 HI non-OECD Rule of Law (-2.5 to +2.5, best) 1.50 1.50 1.44 1.56 High inc 0 Control of Corruption (-2.5 to +2.5, best) 1.70 1.77 1.62 1.88 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 4.0 3.9 Efficiency of customs and other border procedures .. .. 3.8 3.8 Quality of transport and IT infrastructure .. .. 4.1 4.0 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.8 3.7 Index Logistics competence .. .. 4.0 3.8 Ability to track and trace shipments .. .. 4.1 3.9 0 2 4 Timeliness of shipments .. .. 4.3 4.0 HongKong HI non-OECD High inc Trading Across Borders (Doing Business, rank out of 183) 2 2 No. of documents required for export .. .. 5 4 200 No. of days required to export .. .. 8 6 160 Cost to export (US$ per container) .. .. 525 625 120 No. of documents required for import .. .. 5 4 80 No. of days required to import .. .. 8 5 40 Cost to import (US$ per container) .. .. 527 583 0 Telephones (fixed + mobile) per 100 people 92.1 155.7 202.9 221.9 Trading Across Borders Rank Internet users per 100 people 10.8 41.8 55.8 59.1 HongKong HI non-OECD High inc Export credit insured exposures - short term (% of goods export) .. 11.3 14.0 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 3.8 9.9 7.4 2.3 Real Trade Growth Rate 12 Exports 4.1 10.4 7.8 2.7 10 9.9 9.1 Imports 3.4 9.5 7.1 2.0 8 8.7 7.8 8.1 7.4 6.6 6.7 Goods 4.3 9.8 4.1 -4.3 6 Services 4.7 10.3 9.3 3.2 4 3.8 3.4 2.7 2.3 Nominal growth in trade of goods and services (%) 3.5 8.7 9.7 6.3 2 0 Exports 3.6 8.7 9.8 6.3 1995-99 2000-04 2005-07 2008 Imports 3.3 8.6 9.6 6.4 HongKong HI non-OECD Trade integration (trade as % of GDP) 267.0 310.4 401.0 414.2 High inc Goods balance (% GDP) -7.5 -4.4 -8.0 -10.7 Export Composition (2005-08) Food balance (% GDP) -6.1 -5.1 -4.7 -4.3 Oth com Services balance (% GDP) 7.0 11.6 19.4 21.6 Travel , ser, 9.9 3.0 Agric, 2.4 Goods share of total exports (%) 83.2 82.6 80.9 79.8 Transport Services share of total exports (%) 16.8 17.4 19.1 20.2 , 5.8 Goods exports as a share of world goods exports (rank)** 9 10 12 13 Minral, Services exports as share of world services exports (rank)** 10 10 12 12 2.5 Foreign Direct Investment (FDI) inflows (% of GDP) 11.9 17.2 24.5 29.3 Fuels, 1.1 Total remittances inflows (% GDP) 0.1 0.1 0.2 0.2 Manufac, Export product concentration index (0-100, most) 9.7 12.2 21.4 30.2 58.9 Export market concentration index (0-100, most) 41.6 44.9 43.7 47.1 Top 5 export markets (shares) China, People's Rep. of (49%), USA (13%), Japan (4%), Germany (3%), UK (3%) Top 5 import markets (shares) China, People's Rep. of (47%), Japan (10%), Singapore (6%), Taiwan (6%), USA (5%) Top 5 export products (SITC 3 digit-shares) 776-Valves (14%), 764-Telecom eqpt (13%), 759-Off. equip parts (7%), 894-Baby carr/toy (4%), 772-Elec circt eqpt (4%) Top 5 import products (SITC 3 digit-shares) 776-Valves (16%), 764-Telecom eqpt (11%), 759-Off. equip parts (5%), 772-Elec circt eqpt (4%), 894-Baby carr/toy (4%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.