Hong Kong (HKG) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Hong Kong-Thailand Trade: In 2023, Hong Kong exported $2.65B to Thailand. The main products that Hong Kong exported to Thailand were Gold ($1.71B), Precious Stones ($167M), and Jewellery ($133M). Over the past 5 years the exports of Hong Kong to Thailand have decreased at an annualized rate of 5.18%, from $3.46B in 2018 to $2.65B in 2023.

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

Thailand-Hong Kong Trade: In 2023, Thailand exported $12.6B to Hong Kong. The main products that Thailand exported to Hong Kong were Integrated Circuits ($2.87B), Office Machine Parts ($1.64B), and Precious Stones ($756M). Over the past 5 years the exports of Thailand to Hong Kong have decreased at an annualized rate of 0.56%, from $13B in 2018 to $12.6B in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $2.65B to Thailand. The main products exported from Hong Kong to Thailand were Gold ($1.71B), Precious Stones ($167M), and Jewellery ($133M). During the last 5 years the exports of Hong Kong to Thailand have decreased at an annualized rate of 5.18%, from $3.46B in 2018 to $2.65B in 2023.

In 2018, Thailand exported $12.6B to Hong Kong. The main products exported from Thailand to Hong Kong were Integrated Circuits ($2.87B), Office Machine Parts ($1.64B), and Precious Stones ($756M). During the last 5 years the exports of Thailand to Hong Kong have decreased at an annualized rate of 0.56%, from $13B in 2023 to $12.6B in 2018.

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

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

Latest Data

Trade between Hong Kong () and Thailand ()

Hong Kong Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Hong Kong than Thailand included South Korea ($9.5B), Vietnam ($14.4B), and Macau ($2.15B).

In 2023, countries that imported more from Thailand than Hong Kong included United States ($58.5B), Japan ($24.9B), and China ($44.1B).

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

Comparative Advantage Hong Kong - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Thailand in the exports of Precious Metals ($2.19B), Machines ($186M), and Metals ($77.1M).

During 2018, Thailand had a large net trade with Hong Kong in the exports of Machines ($7.94B), Precious Metals ($2.3B), and Vegetable Products ($539M).

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 Thailand+$69.3MIntegrated Circuits

Top Product Potential Thailand Hong Kong+$583MIntegrated 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and Thailand ()

Hong Kong Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Thailand () (2023)

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