New DHL Trade Growth Atlas:
Hong Kong grabs top spots
in trade value and volume growth
The DHL Trade Growth Atlas published by DHL and NYU Stern School of Business has ranked Hong Kong in the top spots globally, indicating its strength in trade value and volume growth across 173 markets around the world. Dubbed “Asia’s World City”, Hong Kong ranks sixth in total trade value as recorded in 2021, raking in US$1.4 trillion within the year.
Furthermore, Hong Kong has grabbed the fifth spot globally in trade value growth – totaling US$376 billion – and sixth in the world in trade volume growth – amounting to US$227.3 billion – from 2016 to 2021.
Hong Kong’s ranking in trade value and volume growth across 173 markets in 2021
The report also indicates two dimensions of future trade growth: speed, which captures how fast a market’s trade volume is expanding; and scale, which tracks the absolute change in the amount of goods traded by a market. Hong Kong is among the top 10 markets in terms of the scale of trade volume, together with other key Asian markets, such as Singapore and South Korea.
According to the report, Hong Kong’s top export destination from 2016 to 2021 is mainland China (56 percent), followed by the United States (7.5 percent) and India (3 percent). Meanwhile, more than half of the city’s import within the same period is from mainland China (45 percent ).
Top 10 Takeaways
Understanding Global Trade and its Opportunities
The DHL Trade Growth Atlas examines global trade growth trends, geographic shifts, the mix of products traded, and broader changes in the business environment. It analyzes trade in goods worldwide, by region, for advanced vs. emerging economies, and across 173 markets. The report features concise one-page summaries for each of these markets. The markets covered comprise more than 99% of world trade, GDP, and population.
The DHL Trade Growth Atlas examines global trade growth trends, geographic shifts, the mix of products traded, and broader changes in the business environment. It analyzes trade in goods worldwide, by region, for advanced vs. emerging economies, and across 173 markets. The report features concise one-page summaries for each of these markets. The markets covered comprise more than 99% of world trade, GDP, and population.
