Flag Hong Kong / United Arab Emirates Flag

Exports Flag β†’ Flag  (2018): $4.59B, Rnk 6 / 192

Top Product Flag β†’ Flag (2018): $1.58B, Gold

Exports Flag β†’ Flag (2018): $5.08B, Rnk 13 / 206

Top Product Flag β†’ Flag (2018): $1.56B, Diamonds

Economic Complexity of Flag (2018): ECI 0.89, Rnk 32 / 137

Economic Complexity of Flag (2018): ECI 0.26, Rnk 55 / 137

GDP Flag (2018): $363B, CURRENT US$
Rnk 34 / 196

GDP GROWTH Flag (2008-2018): 65.4%, CURRENT US$
Rnk 62 / 196

GDP Flag (2018): $414B, CURRENT US$
Rnk 28 / 196

GDP GROWTH Flag (2008-2018): 31.3%, CURRENT US$
Rnk 110 / 196

GDP PC Flag (2018): $48,676, CURRENT US$
Rnk 17 / 196

GDP PC GROWTH Flag (2008-2018): 54.4%, CURRENT US$
Rnk 40 / 196

GDP PC Flag (2018): $43,005, CURRENT US$
Rnk 21 / 196

GDP PC GROWTH Flag (2008-2018): -3.36%, CURRENT US$
Rnk 158 / 196

Hong Kong-United Arab Emirates: In 2018, Hong Kong exported $4.59B to United Arab Emirates. The main products exported from Hong Kong to United Arab Emirates were Gold ($1.58B), Diamonds ($819M), and Precious Metal Scraps ($716M). During the last 23 years the exports of Hong Kong to United Arab Emirates have increased at an annualized rate of 6.03%, from $1.19B in 1995 to $4.59B in 2018.

United Arab Emirates-Hong Kong: In 2018, United Arab Emirates exported $5.08B to Hong Kong. The main products exported from United Arab Emirates to Hong Kong were Diamonds ($1.56B), Jewellery ($1.55B), and Broadcasting Equipment ($295M). During the last 23 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 11.7%, from $398M in 1995 to $5.08B in 2018.

Comparison: In 2018, Hong Kong ranked 32 in the Economic Complexity Index (ECI 0.89), and 34 in total exports ($127B). That same year, United Arab Emirates ranked 55 in the Economic Complexity Index (ECI 0.26), and 26 in total exports ($242B). In terms of GDP Per Capita, Hong Kong was ranked 17 with a GDP Per Capita of $48,676, and United Arab Emirates was ranked 21 with a GDP Per Capita of $43,005.

Bilateral Trade by Products

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Depth
Value

In 2018, Hong Kong exported $4.59B to United Arab Emirates. The main products exported from Hong Kong to United Arab Emirates were Gold ($1.58B), Diamonds ($819M), and Precious Metal Scraps ($716M). During the last 23 years the exports of Hong Kong to United Arab Emirates have increased at an annualized rate of 6.03%, from $1.19B in 1995 to $4.59B in 2018.

In 2018, United Arab Emirates exported $5.08B to Hong Kong. The main products exported from United Arab Emirates to Hong Kong were Diamonds ($1.56B), Jewellery ($1.55B), and Broadcasting Equipment ($295M). During the last 23 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 11.7%, from $398M in 1995 to $5.08B in 2018.

Market Competitiveness

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Measure

Hong Kong
Top Destination
: China, $25.3B

United Arab Emirates
Top Destination
: India, $23.8B

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

In 2018, countries that imported more from Hong Kong than United Arab Emirates were Vietnam ($10.5B), China ($25.3B), and Macau ($6.26B).

In 2018, countries that imported more from United Arab Emirates than Hong Kong were Japan ($21.7B), Saudi Arabia ($17.2B), and Oman ($11.7B).

Comparative Advantage Hong Kong - United Arab Emirates

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Depth

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

During 2018, Hong Kong had a large net trade with United Arab Emirates in the exports of Precious Metals ($3.99B), Machines ($467M), and Foodstuffs ($42.7M).

During 2018, United Arab Emirates had a large net trade with Hong Kong in the exports of Precious Metals ($3.49B), Machines ($1.1B), and Transportation ($155M).

Trade Forecasts

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This section shows a forecast for total trade between Hong Kong and United Arab Emirates. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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