Hong Kong (HKG) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Hong Kong-Brazil Trade: In 2023, Hong Kong exported $1.01B to Brazil. The main products that Hong Kong exported to Brazil were Telephones ($184M), Broadcasting Equipment ($61.2M), and Integrated Circuits ($53.8M). Over the past 5 years the exports of Hong Kong to Brazil have increased at an annualized rate of 4.71%, from $801M in 2018 to $1.01B in 2023.

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

Brazil-Hong Kong Trade: In 2023, Brazil exported $1.49B to Hong Kong. The main products that Brazil exported to Hong Kong were Pig Meat ($252M), Edible Offal ($204M), and Pharmaceutical Animal Products ($186M). Over the past 5 years the exports of Brazil to Hong Kong have decreased at an annualized rate of 11.4%, from $2.72B in 2018 to $1.49B in 2023.

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

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $1.01B to Brazil. The main products exported from Hong Kong to Brazil were Telephones ($184M), Broadcasting Equipment ($61.2M), and Integrated Circuits ($53.8M). During the last 5 years the exports of Hong Kong to Brazil have increased at an annualized rate of 4.71%, from $801M in 2018 to $1.01B in 2023.

In 2018, Brazil exported $1.49B to Hong Kong. The main products exported from Brazil to Hong Kong were Pig Meat ($252M), Edible Offal ($204M), and Pharmaceutical Animal Products ($186M). During the last 5 years the exports of Brazil to Hong Kong have decreased at an annualized rate of 11.4%, from $2.72B in 2023 to $1.49B in 2018.

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

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

Latest Data

Trade between Hong Kong () and Brazil ()

Hong Kong Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Hong Kong than Brazil included Vietnam ($14.4B), South Korea ($9.5B), and Switzerland ($4.86B).

In 2023, countries that imported more from Brazil than Hong Kong included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Hong Kong - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Brazil in the exports of Machines ($610M), Metals ($69.5M), and Instruments ($66.5M).

During 2018, Brazil had a large net trade with Hong Kong in the exports of Animal Products ($1.08B), Mineral Products ($158M), and Machines ($82.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Brazil+$54.7MTelephones

Top Product Potential Brazil Hong Kong+$78.7MRefined Petroleum

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 Hong Kong and Brazil. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Hong Kong.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and Brazil ()

Hong Kong Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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