71107 Hong Kong, China: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $203,243 $29,461 2.50% $120,359 1986 1995 1 1 Hong Kong TRADE PERFORMANCE ‡ HI non-OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 1 1 EXTERNAL ENVIRONMENT (EE) (out of 126) 48 4 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 4 1 TRADE FACILITATION (TF) (out of 151) 8 1 TRADE OUTCOME (TO) (out of 161) 152 10 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 0.0 0.0 0.0 * TTRI (applied tariffs including preferences) & .. 0.0 0.0 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 1.0 1.1 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 0.0 .. 0.0 0.0 Applied Dispersion (coefficient of variation) .. .. 0.0 0.0 tariff (wgt avg) Maximum rate 0.0 .. 0.0 0.0 Agriculture - simple avg (%) 0.0 .. 0.0 0.0 Import Nonagriculture - simple avg (%) 0.0 .. 0.0 0.0 duties MFN applied tariff - trade weighted avg (%) 0.0 .. 0.0 0.0 MFN zero-duty imports (% in total imports) 100.0 .. 100.0 100.0 * Applied tariff (incl. prefs.) - trade weighted avg (%) 0.0 .. 0.0 0.0 Nontariff measures Agriculture 0.0 .. 0.0 0.0 Nonagriculture 0.0 .. 0.0 0.0 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 0.0 0.0 * HI non-OECD High inc Hong Kong Applied tariff (incl. prefs.) escalation (finished% minus raw%) 0.0 0.0 0.0 Agriculture .. 0.0 0.0 0.0 Nonagriculture .. 0.0 0.0 0.0 Import duties (% of imports) .. .. .. .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) 0.0 .. 0.0 0.0 Bound tariff frequency ratio (% of total lines) .. .. 45.4 45.8 * Specific tariffs frequency ratio (%) 0.0 .. 0.0 0.0 0 40 80 Non-tariff measures frequency ratio (%) .. .. .. .. HI non-OECD High inc Hong Kong Overall GATS commitment index (0-100, best) .. 25.5 25.5 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 5.0 4.2 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 15.7 11.4 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 8.8 7.2 5.1 4.5 * MFN duty free Agriculture 20.0 25.1 23.5 22.3 * (exports) Nonagriculture 8.6 7.0 4.9 4.3 * MFN zero-duty exports (% of total exports) 21.0 36.4 47.5 49.4 * Value of prefer Exports with FTA / CU partners (% of total exports) 48.3 59.4 60.5 61.3 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 0.0 0.0 * HI non-OECD High inc Hong Kong Real effective exchange rate (% change,+ =apprec.) .. .. .. .. ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Hong Kong, China Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 4 4 Starting a business (rank) .. .. 13 15 Enforcing contracts (rank) .. .. 1 15 Ease of Doing Closing a business (rank) .. 15 1 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 1.59 1.80 1.80 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.37 1.46 1.40 .. HI non-OECD High inc Hong Kong WGI - Control of Corruption (-2.5 to +2.5, best) 1.58 1.77 1.61 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 4.0 4.0 * Efficiency of customs and other border procedures .. .. 3.8 3.8 * Logistic Index Quality of transport and IT infrastructures .. .. 4.1 4.1 * International transportation costs .. .. 3.8 3.8 * Logistics competence .. .. 4.0 4.0 * Trading Trackability of shipments .. .. 4.1 4.1 * Across Borders Domestic transportation costs .. .. 2.7 2.7 * Timeliness of shipment .. .. 4.3 4.3 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 3 2 No. of documents required for exports .. .. 5 4 No. of days process required for exports .. .. 47 46 Telephones Cost to export (US$ per container) .. .. 492 625 per 100 No. of documents required for imports .. .. 5 4 No. of days process required for imports .. .. 9 5 Secondary Cost to import (US$ per container) .. .. 492 633 enrollment Liner shipping connectivity index (0-100 best) .. .. 96.8 106.2 Telephones and mobiles per 100 people 92.1 155.6 194.3 208.3 * Lowest 0 1 Highest Average cost of 3-minute call to U.S. (US$) 2.6 2.2 .. .. HI non-OECD High inc Hong Kong Internet usage (per 100 people) 10.8 41.7 54.6 57.2 * Secondary gross school enrollment (%) .. 81.9 84.9 85.3 * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 3.8 9.9 9.0 -0.8 12 Exports 4.1 10.4 9.4 -1.1 10 9.3 8.7 9.9 9.2 9.0 8 8.0 7.9 Imports 3.4 8.9 7.8 -0.4 6 6.6 5.3 5.2 Other trade outcome indicators 4 3.8 Trade integration (trade as % of GDP) 267.0 310.4 396.2 412.7 2 0 FDI inflow (% of GDP) 11.9 17.2 14.9 2.1 1995-99 2000-04 2005-07 2008 -0.8 -2 World trade share growth (%) -3.2 -1.1 -3.0 -10.4 Trade Growth Rate Exports -2.8 -1.0 -3.0 -10.9 Hong Kong HI non-OECD High inc Imports -3.5 -1.1 -2.9 -9.8 Merchandise share in total exports (%) 83.2 82.6 81.3 80.9 Exports Share (2005-07) Agriculture 1.7 2.1 2.4 2.7 * Agric, Manufacturing 79.2 77.8 69.9 74.0 * Service, 2.4 18.7 Mining, fuel and others 2.6 2.7 9.3 4.6 * Service share in total exports (%) 16.8 17.4 18.7 19.1 Mining, Tourism 2.7 2.7 2.9 3.0 * 9.3 Transportation 5.4 5.3 5.7 5.7 * Other services 8.5 9.4 9.6 9.9 * Export product concentration index (0 to 100, highest) 9.7 12.2 15.5 15.9 * Manuf, 69.9 Export market concentration index (0 to 100, highest) 41.6 44.9 40.2 40.5 * Top 5 exports share (% of merchandise exports) .. .. 40.1 41.3 * Top 5 exports (SITC Rev. 2; 3 digit) ( 776) Valves or transistors ( 764) Telecom equipment (759) Office equipment ( 772) Electric equipment ( 894) Toys ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.