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2023
Flag → Flag
Exports $88.5MRnk 57 / 198
2023
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Top Product $12.5MMachinery Having Individual Functions
2023
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Exports $611MRnk 33 / 211
2023
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Top Product $151MJewellery
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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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$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 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$103,888CURRENT US$
Rnk 4 / 196
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195

About

Hong Kong-Ireland Trade: In 2023, Hong Kong exported $88.5M to Ireland. The main products that Hong Kong exported to Ireland were Machinery Having Individual Functions ($12.5M), Computers ($9.18M), and Jewellery ($7.21M). Over the past 5 years the exports of Hong Kong to Ireland have decreased at an annualized rate of 9.23%, from $144M in 2018 to $88.5M in 2023.

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

Ireland-Hong Kong Trade: In 2023, Ireland exported $611M to Hong Kong. The main products that Ireland exported to Hong Kong were Jewellery ($151M), Packaged Medicaments ($90.8M), and Computers ($52.5M). Over the past 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 8.97%,  from $978M in 2018 to $611M in 2023.

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 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $88.5M to Ireland. The main products exported from Hong Kong to Ireland were Machinery Having Individual Functions ($12.5M), Computers ($9.18M), and Jewellery ($7.21M). During the last 5 years the exports of Hong Kong to Ireland have decreased at an annualized rate of 9.23%, from $144M in 2018 to $88.5M in 2023.

In 2018, Ireland exported $611M to Hong Kong. The main products exported from Ireland to Hong Kong were Jewellery ($151M), Packaged Medicaments ($90.8M), and Computers ($52.5M). During the last 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 8.97%, from $978M in 2023 to $611M in 2018.

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

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

Latest Data

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

Hong Kong Exports

Ireland Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Ireland than Hong Kong included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

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

Comparative Advantage Hong Kong - Ireland

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Ireland in the exports of Machines ($42.7M), Chemical Products ($8.5M), and Precious Metals ($8.35M).

During 2018, Ireland had a large net trade with Hong Kong in the exports of Precious Metals ($153M), Instruments ($135M), and Chemical Products ($126M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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