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2022
Flag → Flag
Exports $433MRnk 32 / 198
2022
Flag → Flag
Top Product $58.7MJewellery
2022
Flag → Flag
Exports $4.63BRnk 30 / 221
2022
Flag → Flag
Top Product $463MJewellery
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Hong Kong-Italy Trade: In 2022, Hong Kong exported $433M to Italy. The main products that Hong Kong exported to Italy were Jewellery ($58.7M), Trunks and Cases ($31.8M), and Gold ($31.7M). Over the past 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 4.47%, from $348M in 2017 to $433M in 2022.

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

Italy-Hong Kong Trade: In 2022, Italy exported $4.63B to Hong Kong. The main products that Italy exported to Hong Kong were Jewellery ($463M), Trunks and Cases ($365M), and Leather Footwear ($194M). Over the past 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 6.38%,  from $6.44B in 2017 to $4.63B in 2022.

In 2020, Italy exported services to Hong Kong worth $192M, with Other business services ($65M), Transportation ($39.7M), and Royalties and license fees ($33.6M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $433M to Italy. The main products exported from Hong Kong to Italy were Jewellery ($58.7M), Trunks and Cases ($31.8M), and Gold ($31.7M). During the last 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 4.47%, from $348M in 2017 to $433M in 2022.

In 2017, Italy exported $4.63B to Hong Kong. The main products exported from Italy to Hong Kong were Jewellery ($463M), Trunks and Cases ($365M), and Leather Footwear ($194M). During the last 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 6.38%, from $6.44B in 2022 to $4.63B in 2017.

Exports from Hong Kong (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Hong Kong (Flag) (2022)

Latest Data

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

Hong Kong Exports

Italy Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Hong Kong than Italy included India ($14.3B), China ($23.4B), and Macau ($2.73B).

In 2022, countries that imported more from Italy than Hong Kong included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Italy

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Italy in the exports of Precious Metals ($123M), Machines ($88.4M), and Textiles ($62.9M).

During 2017, Italy had a large net trade with Hong Kong in the exports of Textiles ($1.01B), Machines ($645M), and Precious Metals ($643M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Italy+$38.3MGold
Top Product Potential Italy Hong Kong+$65.4MIntegrated 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, Italy exported services to Hong Kong worth $192M, with Other business services ($65M), Transportation ($39.7M), and Royalties and license fees ($33.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (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 Italy. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Italy (Flag) (2022)

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