Hong Kong rises to the world's fifth-largest merchandise trading economy, with total merchandise trade increasing by 17.5% year-on-year.

Zhítōng Finance APP learned from the World Trade Organization (WTO) report titled “Global Trade Outlook and Statistics” that in 2025, Hong Kong will be the world’s fifth-largest merchandise trade economy, climbing two places from the previous year. The total value of merchandise trade year-on-year increased by 17.5% to USD 1.59T, accounting for 3% of the global total.

On April 2, the Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region, Mr. Qiu Yinghua, said that the WTO report fully demonstrates that over the past year, even in the face of various challenges brought by geopolitical tensions and trade protectionism, Hong Kong’s external trade has shown strong resilience, ranking fifth globally right behind the Chinese mainland, the United States, Germany and the Netherlands, and the results are encouraging.

Qiu Yinghua said that Hong Kong has long adhered to free trade, firmly supports and safeguards a rules-based multilateral trading system, and provides trade partners with a predictable and transparent market. In addition, Hong Kong has fully leveraged its institutional advantages under “one country, two systems,” as well as its highly internationalized business environment, becoming the one of the most important and flexible gateways for trade and commercial exchanges in the region.

Qiu Yinghua said that the report also confirms that the Hong Kong SAR government’s measures to promote trade have achieved certain results, including expanding the economic and trade network, strengthening efforts to attract investment and bring in business, deepening connections with international markets, developing emerging markets, enhancing support for small and medium-sized enterprises, and promoting Hong Kong’s participation in the Belt and Road Initiative and expanding its domestic sales market, enabling Hong Kong to continue to play a key role in international trade.

(Editor: Wang Zhiqiang HF013)

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