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2022
Flag → Flag
Exports $470MRnk 46 / 217
2022
Flag → Flag
Top Product $48.9MNavigation Equipment
2022
Flag → Flag
Exports $102MRnk 57 / 198
2022
Flag → Flag
Top Product $11.4MImitation Jewellery
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Austria-Hong Kong Trade: In 2022, Austria exported $470M to Hong Kong. The main products that Austria exported to Hong Kong were Navigation Equipment ($48.9M), Electrical Resistors ($36.6M), and Broadcasting Equipment ($26.9M). Over the past 5 years the exports of Austria to Hong Kong have decreased at an annualized rate of 2.84%, from $543M in 2017 to $470M in 2022.

In 2020, Austria exported services to Hong Kong worth $127M, with Other business services ($65.1M), Communications services ($12.6M), and Transportation ($11.4M) being the largest in terms of value.

Hong Kong-Austria Trade: In 2022, Hong Kong exported $102M to Austria. The main products that Hong Kong exported to Austria were Imitation Jewellery ($11.4M), Chemical Analysis Instruments ($10.4M), and Broadcasting Equipment ($9.33M). Over the past 5 years the exports of Hong Kong to Austria have decreased at an annualized rate of 8.51%,  from $159M in 2017 to $102M in 2022.

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

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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, Austria exported $470M to Hong Kong. The main products exported from Austria to Hong Kong were Navigation Equipment ($48.9M), Electrical Resistors ($36.6M), and Broadcasting Equipment ($26.9M). During the last 5 years the exports of Austria to Hong Kong have decreased at an annualized rate of 2.84%, from $543M in 2017 to $470M in 2022.

In 2017, Hong Kong exported $102M to Austria. The main products exported from Hong Kong to Austria were Imitation Jewellery ($11.4M), Chemical Analysis Instruments ($10.4M), and Broadcasting Equipment ($9.33M). During the last 5 years the exports of Hong Kong to Austria have decreased at an annualized rate of 8.51%, from $159M in 2022 to $102M in 2017.

Exports from Austria (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Hong Kong (Flag)

Austria Exports

Hong Kong Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Austria than Hong Kong included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

In 2022, countries that imported more from Hong Kong than Austria included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Hong Kong

Flow
Scale

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

During 2022, Austria had a large net trade with Hong Kong in the exports of Machines ($267M), Instruments ($52.6M), and Chemical Products ($26.2M).

During 2017, Hong Kong had a large net trade with Austria in the exports of Machines ($42.7M), Instruments ($17.2M), and Precious Metals ($15.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Hong Kong+$41.5MTelephones
Top Product Potential Hong Kong Austria+$19.3MTelephones

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 Austria and Hong Kong. This means that a dot/product with the flag of Austria 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 Austria.

Product Space of Austria (Flag) and Hong Kong (Flag) (2022)

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