Georgia (GEO) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Georgia-Hong Kong Trade: In 2023, Georgia exported $16M to Hong Kong. The main products that Georgia exported to Hong Kong were Beauty Products ($3.8M), Preserved Meat ($2.25M), and Edible Offal ($2.11M). Over the past 5 years the exports of Georgia to Hong Kong have increased at an annualized rate of 20.8%, from $6.23M in 2018 to $16M in 2023.

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

Hong Kong-Georgia Trade: In 2023, Hong Kong exported $106M to Georgia. The main products that Hong Kong exported to Georgia were Broadcasting Equipment ($18.9M), Computers ($17M), and Video Displays ($6.69M). Over the past 5 years the exports of Hong Kong to Georgia have decreased at an annualized rate of 0.54%, from $109M in 2018 to $106M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $16M to Hong Kong. The main products exported from Georgia to Hong Kong were Beauty Products ($3.8M), Preserved Meat ($2.25M), and Edible Offal ($2.11M). During the last 5 years the exports of Georgia to Hong Kong have increased at an annualized rate of 20.8%, from $6.23M in 2018 to $16M in 2023.

In 2018, Hong Kong exported $106M to Georgia. The main products exported from Hong Kong to Georgia were Broadcasting Equipment ($18.9M), Computers ($17M), and Video Displays ($6.69M). During the last 5 years the exports of Hong Kong to Georgia have decreased at an annualized rate of 0.54%, from $109M in 2023 to $106M in 2018.

Exports from Georgia () to Hong Kong () (2023)

Exports from Hong Kong () to Georgia () (2023)

Latest Data

Trade between Georgia () and Hong Kong ()

Georgia Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Georgia than Hong Kong included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

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

Difference in imports from Hong Kong () and Georgia () (2023)

Comparative Advantage Georgia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Hong Kong in the exports of Chemical Products ($4.53M), Animal Products ($4.39M), and Machines ($1.84M).

During 2018, Hong Kong had a large net trade with Georgia in the exports of Machines ($72.7M), Miscellaneous ($7.21M), and Textiles ($4.55M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Hong Kong+$426kBeauty Products

Top Product Potential Hong Kong Georgia+$6.42MTelephones

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

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Hong Kong. This means that a dot/product with the flag of Georgia 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 Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Hong Kong () (2023)

Exports from Hong Kong () to Georgia () (2023)

Latest Data

Trade between Georgia () and Hong Kong ()

Georgia Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Georgia () (2023)

Comparative Advantage Georgia - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Hong Kong () (2023)

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