Hong Kong (HKG) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Hong Kong-Ireland Trade: In 2022, Hong Kong exported $199M to Ireland. The main products that Hong Kong exported to Ireland were Gas Turbines ($79.8M), Computers ($18.2M), and Broadcasting Equipment ($11.4M). Over the past 5 years the exports of Hong Kong to Ireland have increased at an annualized rate of 10.2%, from $123M in 2017 to $199M in 2022.

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

Ireland-Hong Kong Trade: In 2022, Ireland exported $674M to Hong Kong. The main products that Ireland exported to Hong Kong were Packaged Medicaments ($232M), Office Machine Parts ($72.8M), and Other Measuring Instruments ($47M). Over the past 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 0.54%, from $693M in 2017 to $674M in 2022.

In 2020, Ireland exported services to Hong Kong worth $435M, with Other business services ($216M), Financial services ($130M), and Insurance services ($74.2M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $199M to Ireland. The main products exported from Hong Kong to Ireland were Gas Turbines ($79.8M), Computers ($18.2M), and Broadcasting Equipment ($11.4M). During the last 5 years the exports of Hong Kong to Ireland have increased at an annualized rate of 10.2%, from $123M in 2017 to $199M in 2022.

In 2017, Ireland exported $674M to Hong Kong. The main products exported from Ireland to Hong Kong were Packaged Medicaments ($232M), Office Machine Parts ($72.8M), and Other Measuring Instruments ($47M). During the last 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 0.54%, from $693M in 2022 to $674M in 2017.

Exports from Hong Kong () to Ireland () (2022)

Exports from Ireland () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Ireland ()

Hong Kong Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Hong Kong than Ireland included India ($14.3B), China ($23.4B), and Thailand ($3.43B).

In 2022, countries that imported more from Ireland than Hong Kong included United States ($70.7B), Germany ($28.6B), and Belgium ($17B).

Difference in imports from Ireland () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Ireland in the exports of Machines ($148M), Textiles ($12.9M), and Precious Metals ($7.67M).

During 2017, Ireland had a large net trade with Hong Kong in the exports of Chemical Products ($259M), Machines ($162M), and Instruments ($123M).

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 Ireland+$31.8MTelephones

Top Product Potential Ireland Hong Kong+$54.8MIntegrated 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

Irl Year

In 2020, Ireland exported services to Hong Kong worth $435M, with Other business services ($216M), Financial services ($130M), and Insurance services ($74.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Ireland () (2022)

Exports from Ireland () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Ireland ()

Hong Kong Exports

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Ireland

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Ireland () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Ireland () (2022)

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