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Pricing

2022
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Exports $1.94BRnk 38 / 138
2022
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Top Product $1.01BPlatinum
2022
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Exports $2.38BRnk 17 / 198
2022
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Top Product $766MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 0.99Rnk 26 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
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 PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

About

Russia-Hong Kong In 2022, Russia exported $1.94B to Hong Kong. The main products that Russia exported to Hong Kong are Platinum ($1.01B), Gold ($579M), and Coal Briquettes ($121M). During the last 27 years the exports of Russia to Hong Kong have increased at an annualized rate of 5.74%, from $429M in 1995 to $1.94B in 2022.

In 2020, Russia exported services to Hong Kong worth $756M, with Transportation ($206M), Computer and information services ($198M), and Communications services ($191M) being the largest in terms of value.

Hong Kong-Russia In 2022, Hong Kong exported $2.38B to Russia. The main products that Hong Kong exported to Russia were Broadcasting Equipment ($766M), Computers ($456M), and Office Machine Parts ($228M). During the last 27 years the exports of Hong Kong to Russia have increased at an annualized rate of 7.78%, from $315M in 1995 to $2.38B in 2022.

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

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $141M and imported $49M from Hong Kong, resulting in a positive trade balance of $91.7M. Between January 2021 and January 2022 the exports of Russia have decreased by $-23M (-14.1%) from $164M to $141M, while imports increased by $13.3M (37.4%) from $35.7M to $49M.

Trade In January 2022, the top exports of Russia to Hong Kong were Platinum ($141M), Raw Iron Bars ($7.94M), Coal Briquettes ($3.8M), Diamonds ($3.03M), and Edible Offal ($1.84M). In January 2022 the top imports of Russia from Hong Kong were Office Machine Parts ($18.3M), Refined Petroleum ($4.93M), Broadcasting Accessories ($1.4M), Computers ($1.27M), and Electric Heaters ($819k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($116M), NOVGOROD REGION ($13.2M), REPUBLIC OF SAKHA (YAKUTIA) ($5.15M), TOMSK REGION ($1.36M), and MOSCOW REGION ($1.24M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($24M), PRIMORYE TERRITORY ($14.1M), MOSCOW REGION ($2.7M), ST. PETERSBURG ($2.21M), and KRASNODAR TERRITORY ($1.99M).

Growth In January 2022, the decrease in Russia's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Mixed Mineral or Chemical Fertilizers ($-3.4M or -98.4%), Raw Iron Bars ($-2.88M or -26.6%), and Refined Petroleum ($-1.91M or -98.7%). In January 2022, the increase in Russia's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Office Machine Parts ($10.9M or 148%), Refined Petroleum ($2.14M or 76.8%), and Computers ($778k or 159%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$-23M(-14.1%)
IMPORT GROWTH (January 2021 - January 2022)$13.3M(37.4%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$116M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Hong Kong and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.94B to Hong Kong. The main products exported from Russia to Hong Kong were Platinum ($1.01B), Gold ($579M), and Coal Briquettes ($121M). During the last 27 years the exports of Russia to Hong Kong have increased at an annualized rate of 5.74%, from $429M in 1995 to $1.94B in 2022.

In 2022, Hong Kong exported $2.38B to Russia. The main products exported from Hong Kong to Russia were Broadcasting Equipment ($766M), Computers ($456M), and Office Machine Parts ($228M). During the last 27 years the exports of Hong Kong to Russia have increased at an annualized rate of 7.78%, from $315M in 1995 to $2.38B in 2022.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Hong Kong
Top DestinationChina$23.4B

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

In 2021, countries that imported more from Russia than Hong Kong were China ($101B), Germany ($27.7B), and India ($40.4B).

In 2021, countries that imported more from Hong Kong than Russia were Macau ($2.73B), Philippines ($3.28B), and Israel ($3.07B).

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

Comparative Advantage Russia - Hong Kong

Flow
Scale

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

During 2022, Russia had a large net trade with Hong Kong in the exports of Precious Metals ($1.67B), Mineral Products ($150M), and Machines ($59M).

During 2022, Hong Kong had a large net trade with Russia in the exports of Machines ($2.07B), Instruments ($166M), and Miscellaneous ($35.4M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Hong Kong worth $756M, with Transportation ($206M), Computer and information services ($198M), and Communications services ($191M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Hong Kong (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over Russia.

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

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