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2023
Flag → Flag
Exports $2.57BRnk 14 / 198
2023
Flag → Flag
Top Product $873MGold
2023
Flag → Flag
Exports $2.98BRnk 20 / 213
2023
Flag → Flag
Top Product $628MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
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GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Hong Kong-Indonesia Trade: In 2023, Hong Kong exported $2.57B to Indonesia. The main products that Hong Kong exported to Indonesia were Gold ($873M), Telephones ($222M), and Light Rubberized Knitted Fabric ($137M). Over the past 5 years the exports of Hong Kong to Indonesia have decreased at an annualized rate of 1.34%, from $2.74B in 2018 to $2.57B in 2023.

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

Indonesia-Hong Kong Trade: In 2023, Indonesia exported $2.98B to Hong Kong. The main products that Indonesia exported to Hong Kong were Coal Briquettes ($628M), Jewellery ($419M), and Rolled Tobacco ($282M). Over the past 5 years the exports of Indonesia to Hong Kong have decreased at an annualized rate of 2.9%,  from $3.45B in 2018 to $2.98B in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $2.57B to Indonesia. The main products exported from Hong Kong to Indonesia were Gold ($873M), Telephones ($222M), and Light Rubberized Knitted Fabric ($137M). During the last 5 years the exports of Hong Kong to Indonesia have decreased at an annualized rate of 1.34%, from $2.74B in 2018 to $2.57B in 2023.

In 2018, Indonesia exported $2.98B to Hong Kong. The main products exported from Indonesia to Hong Kong were Coal Briquettes ($628M), Jewellery ($419M), and Rolled Tobacco ($282M). During the last 5 years the exports of Indonesia to Hong Kong have decreased at an annualized rate of 2.9%, from $3.45B in 2023 to $2.98B in 2018.

Exports from Hong Kong (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Hong Kong (Flag) (2023)

Latest Data

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

Hong Kong Exports

Indonesia Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Hong Kong than Indonesia included Vietnam ($14.4B), Netherlands ($5.56B), and Switzerland ($4.86B).

In 2023, countries that imported more from Indonesia than Hong Kong included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

Difference in imports from Indonesia (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Indonesia

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Indonesia in the exports of Precious Metals ($893M), Machines ($670M), and Textiles ($410M).

During 2018, Indonesia had a large net trade with Hong Kong in the exports of Precious Metals ($964M), Mineral Products ($643M), and Machines ($487M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Indonesia+$96.9MTelephones
Top Product Potential Indonesia Hong Kong+$75MTelephones

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

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

Product Space of Hong Kong (Flag) and Indonesia (Flag) (2023)

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