Hong Kong (HKG) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Hong Kong-Russia In 2022, Hong Kong exported $2.38B to Russia. The main products that Hong Kong exported to Russia are Broadcasting Equipment ($766M), Computers ($456M), and Office Machine Parts ($228M). During the last 27 years the exports of Hong Kong to Russia have increased at an annualized rate of 7.78%, from $315M in 1995 to $2.38B in 2022.

In 2022, Hong Kong did not export any services to Russia.

Russia-Hong Kong In 2022, Russia exported $1.94B to Hong Kong. The main products that Russia exported to Hong Kong were Platinum ($1.01B), Gold ($579M), and Coal Briquettes ($121M). During the last 27 years the exports of Russia to Hong Kong have increased at an annualized rate of 5.74%, from $429M in 1995 to $1.94B in 2022.

In 2020, Russia exported services to Hong Kong worth $756M, with Transportation ($206M), Computer and information services ($198M), and Communications services ($191M) being the largest in terms of value.

Comparison In 2022, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $2.38B to Russia. The main products exported from Hong Kong to Russia were Broadcasting Equipment ($766M), Computers ($456M), and Office Machine Parts ($228M). During the last 27 years the exports of Hong Kong to Russia have increased at an annualized rate of 7.78%, from $315M in 1995 to $2.38B in 2022.

In 2022, Russia exported $1.94B to Hong Kong. The main products exported from Russia to Hong Kong were Platinum ($1.01B), Gold ($579M), and Coal Briquettes ($121M). During the last 27 years the exports of Russia to Hong Kong have increased at an annualized rate of 5.74%, from $429M in 1995 to $1.94B in 2022.

Exports from Hong Kong () to Russia () (2022)

Exports from Russia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Russia ()

Hong Kong Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Hong Kong than Russia were Macau ($2.73B), Philippines ($3.28B), and Israel ($3.07B).

In 2021, countries that imported more from Russia than Hong Kong were China ($101B), Germany ($27.7B), and India ($40.4B).

Difference in imports from Russia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Russia in the exports of Machines ($2.07B), Instruments ($166M), and Miscellaneous ($35.4M).

During 2022, Russia had a large net trade with Hong Kong in the exports of Precious Metals ($1.67B), Mineral Products ($150M), and Machines ($59M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Hong Kong worth $756M, with Transportation ($206M), Computer and information services ($198M), and Communications services ($191M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Hong Kong () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Hong Kong.

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Russia () (2022)

Exports from Russia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Russia ()

Hong Kong Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Hong Kong () (2020)

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Russia () (2022)

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