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2022
Flag → Flag
Exports $343MRnk 35 / 198
2022
Flag → Flag
Top Product $135MDiamonds
2022
Flag → Flag
Exports $1.58BRnk 38 / 222
2022
Flag → Flag
Top Product $747MDiamonds
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Hong Kong-Belgium Trade: In 2022, Hong Kong exported $343M to Belgium. The main products that Hong Kong exported to Belgium were Diamonds ($135M), Integrated Circuits ($64.3M), and Non-Iron and Steel Slag, Ash and Residues ($13.5M). Over the past 5 years the exports of Hong Kong to Belgium have decreased at an annualized rate of 12%, from $651M in 2017 to $343M in 2022.

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

Belgium-Hong Kong Trade: In 2022, Belgium exported $1.58B to Hong Kong. The main products that Belgium exported to Hong Kong were Diamonds ($747M), Packaged Medicaments ($171M), and Integrated Circuits ($75.5M). Over the past 5 years the exports of Belgium to Hong Kong have decreased at an annualized rate of 8.43%,  from $2.45B in 2017 to $1.58B in 2022.

In 2020, Belgium exported services to Hong Kong worth $513M, with Transportation ($182M), Other business services ($147M), and Communications services ($132M) being the largest in terms of value.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $343M to Belgium. The main products exported from Hong Kong to Belgium were Diamonds ($135M), Integrated Circuits ($64.3M), and Non-Iron and Steel Slag, Ash and Residues ($13.5M). During the last 5 years the exports of Hong Kong to Belgium have decreased at an annualized rate of 12%, from $651M in 2017 to $343M in 2022.

In 2017, Belgium exported $1.58B to Hong Kong. The main products exported from Belgium to Hong Kong were Diamonds ($747M), Packaged Medicaments ($171M), and Integrated Circuits ($75.5M). During the last 5 years the exports of Belgium to Hong Kong have decreased at an annualized rate of 8.43%, from $2.45B in 2022 to $1.58B in 2017.

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

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

Latest Data

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

Hong Kong Exports

Belgium Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Hong Kong included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Hong Kong - Belgium

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Belgium in the exports of Precious Metals ($152M), Machines ($105M), and Plastics and Rubbers ($19.9M).

During 2017, Belgium had a large net trade with Hong Kong in the exports of Precious Metals ($788M), Chemical Products ($249M), and Machines ($196M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Belgium+$34.8MDiamonds
Top Product Potential Belgium Hong Kong+$46.5MIntegrated Circuits

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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Bilateral Service Trade

In 2020, Belgium exported services to Hong Kong worth $513M, with Transportation ($182M), Other business services ($147M), and Communications services ($132M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hong Kong and Belgium. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Hong Kong.

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

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