Hong Kong and the Association of Southeast Asian Nations (ASEAN) share close economic and trade relationship. In November 2017, Hong Kong and ASEAN signed a Free Trade Agreement (FTA) and a related Investment Agreement which are comprehensive in scope, encompassing trade in goods, trade in services, investment, economic and technical co-operation, dispute settlement mechanism and other related areas. The agreements came into force in June 2019.
In the past few years, the ASEAN bloc has become Hong Kong’s 2nd largest merchandise trade partner. Total merchandise trade between Hong Kong and ASEAN amounted to HKD 1,033.9 billion (USD 133.3 billion), representing 12.6% of Hong Kong's global merchandise trade in 2020 and registering an annual average growth rate of 5.5% per annum between 2016 and 2020.
Hong Kong is also an important entrepot for trade between the Mainland China and ASEAN. In 2020, around HKD 505.1 billion of the Mainland's import of goods from ASEAN were routed through Hong Kong. On the other hand, re-exports of Mainland origin goods to ASEAN through Hong Kong exceeded HKD 196 billion in 2020.
For more information on the economic tie between Hong Kong and ASEAN, please refer to http://www.tid.gov.hk/english/aboutus/publications/factsheet/asean.html