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2023
Flag → Flag
Exports $568MRnk 29 / 198
2023
Flag → Flag
Top Product $173MJewellery
2023
Flag → Flag
Exports $5.41BRnk 29 / 219
2023
Flag → Flag
Top Product $707MTrunks and Cases
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 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$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Hong Kong-Italy Trade: In 2023, Hong Kong exported $568M to Italy. The main products that Hong Kong exported to Italy were Jewellery ($173M), Trunks and Cases ($43.7M), and Precious Stones ($17.6M). Over the past 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 7.09%, from $403M in 2018 to $568M in 2023.

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

Italy-Hong Kong Trade: In 2023, Italy exported $5.41B to Hong Kong. The main products that Italy exported to Hong Kong were Trunks and Cases ($707M), Jewellery ($575M), and Leather Footwear ($271M). Over the past 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 3.76%,  from $6.55B in 2018 to $5.41B in 2023.

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 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $568M to Italy. The main products exported from Hong Kong to Italy were Jewellery ($173M), Trunks and Cases ($43.7M), and Precious Stones ($17.6M). During the last 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 7.09%, from $403M in 2018 to $568M in 2023.

In 2018, Italy exported $5.41B to Hong Kong. The main products exported from Italy to Hong Kong were Trunks and Cases ($707M), Jewellery ($575M), and Leather Footwear ($271M). During the last 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 3.76%, from $6.55B in 2023 to $5.41B in 2018.

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

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

Latest Data

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

Hong Kong Exports

Italy Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Hong Kong included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Hong Kong had a large net trade with Italy in the exports of Precious Metals ($242M), Textiles ($84M), and Machines ($75.9M).

During 2018, Italy had a large net trade with Hong Kong in the exports of Textiles ($1.18B), Animal Hides ($868M), and Precious Metals ($790M).

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) (2023)

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