Hong Kong (HKG) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

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 5.1%, from $379M in 2018 to $292M in 2023.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 5.1%, from $379M in 2018 to $292M in 2023.

In 2018, 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 2023 to $874M in 2018.

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

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

Latest Data

Trade between Hong Kong () and Spain ()

Hong Kong Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Spain
Top DestinationFrance$61.9B

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

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

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

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

Comparative Advantage Hong Kong - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Spain in the exports of Machines ($180M), Metals ($16.8M), and Precious Metals ($16.6M).

During 2018, Spain had a large net trade with Hong Kong in the exports of Chemical Products ($163M), Machines ($148M), and Instruments ($92.4M).

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 Spain+$49.3MTelephones

Top Product Potential Spain Hong Kong+$26.3MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and Spain ()

Hong Kong Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - Spain

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring