2022
Flag  
GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH
32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH
21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

United Arab Emirates-Hong Kong Trade: In 2022, United Arab Emirates exported $10.1B to Hong Kong. The main products that United Arab Emirates exported to Hong Kong were Gold ($5.92B), Diamonds ($1.39B), and Jewellery ($1.31B). Over the past 5 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 17.6%, from $4.49B in 2017 to $10.1B in 2022.

In 2022, United Arab Emirates did not export any services to Hong Kong.

Hong Kong-United Arab Emirates Trade: In 2022, Hong Kong exported $2.72B to United Arab Emirates. The main products that Hong Kong exported to United Arab Emirates were Gold ($905M), Precious Metal Scraps ($773M), and Jewellery ($376M). Over the past 5 years the exports of Hong Kong to United Arab Emirates have decreased at an annualized rate of 6.67%,  from $3.84B in 2017 to $2.72B in 2022.

In 2022, Hong Kong did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $10.1B to Hong Kong. The main products exported from United Arab Emirates to Hong Kong were Gold ($5.92B), Diamonds ($1.39B), and Jewellery ($1.31B). During the last 5 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 17.6%, from $4.49B in 2017 to $10.1B in 2022.

In 2017, Hong Kong exported $2.72B to United Arab Emirates. The main products exported from Hong Kong to United Arab Emirates were Gold ($905M), Precious Metal Scraps ($773M), and Jewellery ($376M). During the last 5 years the exports of Hong Kong to United Arab Emirates have decreased at an annualized rate of 6.67%, from $3.84B in 2022 to $2.72B in 2017.

Exports from United Arab Emirates (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Hong Kong (Flag)

United Arab Emirates Exports

Hong Kong Exports

Market Competitiveness

Color
United Arab Emirates
Top Destination
India$51B
Hong Kong
Top Destination
China$23.4B

This map shows whether countries import more from United Arab Emirates or Hong Kong. Each country is colored based on the difference in imports they receive from United Arab Emirates and Hong Kong or the difference in the growth in imports.

In 2022, countries that imported more from United Arab Emirates than Hong Kong included Japan ($40.9B), India ($51B), and Saudi Arabia ($27.8B).

In 2022, countries that imported more from Hong Kong than United Arab Emirates included Netherlands ($6.56B), Macau ($2.73B), and Vietnam ($3.14B).

Difference in imports from Hong Kong (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Hong Kong

Flow
Scale

This chart compares trade between United Arab Emirates and Hong Kong by product, considering products traded by both, United Arab Emirates and Hong Kong.

During 2022, United Arab Emirates had a large net trade with Hong Kong in the exports of Precious Metals ($8.8B), Machines ($551M), and Instruments ($282M).

During 2017, Hong Kong had a large net trade with United Arab Emirates in the exports of Precious Metals ($2.42B), Machines ($168M), and Instruments ($58.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Hong Kong+$105MTelephones
Top Product Potential Hong Kong United Arab Emirates+$97.6MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Hong Kong. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Hong Kong (Flag) (2022)

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