Tale of two cities: bilateral trade and investment continue to flourish between Singapore and Hong Kong
Singapore is Hong Kong’s eighth largest export market, and remains its most important trading partner within Asean
Singapore and Hong Kong are linguistically and culturally primed to take advantage
of the economic giant that is mainland China.
The Lion City and Hong Kong are more alike than they are different, and bilateral trade
and investment continues to flourish.
Singapore is Hong Kong’s eighth largest export market, and it remains its most important trading partner within Asean.
Last year, Hong Kong’s exports to Singapore rose 2.3 per cent to slightly less than US$7.5 billion. Major export items included semiconductors, electronic valves and tubes, telecoms equipment and parts, computers, non-electric engines and motors, and jewellery.
By contrast, Singapore is Hong Kong’s fourth largest source of imports. Imports from Singapore dropped slightly to US$31.52 billion in 2015. Major imports included petroleum products and parts and accessories for office machines and computers.
“Singapore continues to be heavily involved in the Hong Kong economy, and is particularly well represented in the finance, logistics, electronics and information communications technologies and similar services sectors,” says Nicholas Kwan, director of research at the Hong Kong Trade Development Council.
