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2023
Flag → Flag
Exports $874MRnk 55 / 220
2023
Flag → Flag
Top Product $65.9MTrunks and Cases
2023
Flag → Flag
Exports $292MRnk 35 / 198
2023
Flag → Flag
Top Product $80.7MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Spain-Hong Kong Trade: In 2023, Spain exported $874M to Hong Kong. The main products that Spain exported to Hong Kong were Trunks and Cases ($65.9M), Gas Turbines ($56.8M), and Beauty Products ($52M). Over the past 5 years the exports of Spain to Hong Kong have decreased at an annualized rate of 4.16%, from $1.08B in 2018 to $874M in 2023.

In 2016, Spain exported services to Hong Kong worth $0, with being the largest in terms of value.

Hong Kong-Spain Trade: In 2023, Hong Kong exported $292M to Spain. The main products that Hong Kong exported to Spain were Broadcasting Equipment ($80.7M), Gas Turbines ($23.1M), and Jewellery ($13.6M). Over the past 5 years the exports of Hong Kong to Spain have decreased at an annualized rate of 3.22%,  from $379M in 2018 to $292M in 2023.

In 2023, Hong Kong did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €88.8M and imported €70.2M from Hong Kong, resulting in a positive trade balance of €18.6M. Between November 2023 and November 2024 the exports of Spain have increased by €25.8M (41%) from €63M to €88.8M, while imports increased by €51.2M (268%) from €19.1M to €70.2M.

Trade In November 2024, the top exports of Spain to Hong Kong were Trunks and Cases (€4.51M), Beauty Products (€3.09M), Precious Metal Watches (€3.06M), Base Metal Watches (€2.09M), and Packaged Medicaments (€2.04M). In November 2024 the top imports of Spain from Hong Kong were Telephones (€4M), Jewellery (€1.09M), Computers (€724k), Base Metal Watches (€691k), and Printed Circuit Boards (€471k).

Origins In November 2024 the exports of Spain were mainly from Madrid (€46.2M), Barcelona (€18.9M), Guipúzcoa (€2.31M), Álava (€2M), and Girona (€1.56M), while imports destinations were mainly Zaragoza (€40.7M), Madrid (€9.39M), Barcelona (€3.82M), Pontevedra (€3.45M), and Valencia (€2.25M).

Growth In November 2024, the increase in Spain's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Packaged Medicaments (€1.28M or 167%), Precious Metal Watches (€1.08M or 54.3%), and Other toys (€613k or 773%). In November 2024, the increase in Spain's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Base Metal Watches (€470k or 213%), Trunks and Cases (€337k or 385%), and Telephones (€333k or 9.08%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€25.8M(41%)
IMPORT GROWTH (November 2023 - November 2024)€51.2M(268%)
MAIN EXPORTER (November 2024)Madrid€46.2M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Hong Kong and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $874M to Hong Kong. The main products exported from Spain to Hong Kong were Trunks and Cases ($65.9M), Gas Turbines ($56.8M), and Beauty Products ($52M). During the last 5 years the exports of Spain to Hong Kong have decreased at an annualized rate of 4.16%, from $1.08B in 2018 to $874M in 2023.

In 2018, Hong Kong exported $292M to Spain. The main products exported from Hong Kong to Spain were Broadcasting Equipment ($80.7M), Gas Turbines ($23.1M), and Jewellery ($13.6M). During the last 5 years the exports of Hong Kong to Spain have decreased at an annualized rate of 3.22%, from $379M in 2023 to $292M in 2018.

Exports from Spain (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Spain than Hong Kong included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Hong Kong than Spain included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Hong Kong

Flow
Scale

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

During 2023, Spain had a large net trade with Hong Kong in the exports of Chemical Products ($163M), Machines ($148M), and Instruments ($92.4M).

During 2018, Hong Kong had a large net trade with Spain in the exports of Machines ($180M), Metals ($16.8M), and Precious Metals ($16.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Hong Kong+$26.3MCars
Top Product Potential Hong Kong Spain+$49.3MTelephones

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

Product Space of Spain (Flag) and Hong Kong (Flag) (2023)

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