Hong Kong (HKG) and India (IND) Trade | The Observatory of Economic Complexity

About

Hong Kong-India Trade: In 2023, Hong Kong exported $3.81B to India. The main products that Hong Kong exported to India were Diamonds ($1.2B), Synthetic Reconstructed Jewellery Stones ($468M), and Precious Stones ($465M). Over the past 5 years the exports of Hong Kong to India have decreased at an annualized rate of 25%, from $16.1B in 2018 to $3.81B in 2023.

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

India-Hong Kong Trade: In 2023, India exported $9.73B to Hong Kong. The main products that India exported to Hong Kong were Diamonds ($4.63B), Broadcasting Equipment ($2.03B), and Jewellery ($1.7B). Over the past 5 years the exports of India to Hong Kong have decreased at an annualized rate of 4.27%, from $12.1B in 2018 to $9.73B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $3.81B to India. The main products exported from Hong Kong to India were Diamonds ($1.2B), Synthetic Reconstructed Jewellery Stones ($468M), and Precious Stones ($465M). During the last 5 years the exports of Hong Kong to India have decreased at an annualized rate of 25%, from $16.1B in 2018 to $3.81B in 2023.

In 2018, India exported $9.73B to Hong Kong. The main products exported from India to Hong Kong were Diamonds ($4.63B), Broadcasting Equipment ($2.03B), and Jewellery ($1.7B). During the last 5 years the exports of India to Hong Kong have decreased at an annualized rate of 4.27%, from $12.1B in 2023 to $9.73B in 2018.

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

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

Latest Data

Trade between Hong Kong () and India ()

Hong Kong Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Hong Kong included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Comparative Advantage Hong Kong - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with India in the exports of Precious Metals ($2.53B), Machines ($648M), and Chemical Products ($210M).

During 2018, India had a large net trade with Hong Kong in the exports of Precious Metals ($6.76B), Machines ($2.47B), and Chemical Products ($112M).

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 India+$275MTelephones

Top Product Potential India Hong Kong+$307MTelephones

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and India ()

Hong Kong Exports

India Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - India

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 India () (2023)

Keep Exploring