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2023
Flag → Flag
Exports $442MRnk 51 / 182
2023
Flag → Flag
Top Product $190MRaw Iron Bars
2023
Flag → Flag
Exports $317MRnk 33 / 198
2023
Flag → Flag
Top Product $174MNon-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Saudi Arabia-Hong Kong Trade: In 2023, Saudi Arabia exported $442M to Hong Kong. The main products that Saudi Arabia exported to Hong Kong were Raw Iron Bars ($190M), Precious Metal Watches ($52.6M), and Gas Turbines ($40.2M). Over the past 5 years the exports of Saudi Arabia to Hong Kong have decreased at an annualized rate of 6.27%, from $610M in 2018 to $442M in 2023.

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

Hong Kong-Saudi Arabia Trade: In 2023, Hong Kong exported $317M to Saudi Arabia. The main products that Hong Kong exported to Saudi Arabia were Non-Knit Women's Suits ($174M), Gas Turbines ($38.3M), and Other Non-Knit Clothing Accessories ($21.4M). Over the past 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 15.9%,  from $152M in 2018 to $317M in 2023.

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

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $442M to Hong Kong. The main products exported from Saudi Arabia to Hong Kong were Raw Iron Bars ($190M), Precious Metal Watches ($52.6M), and Gas Turbines ($40.2M). During the last 5 years the exports of Saudi Arabia to Hong Kong have decreased at an annualized rate of 6.27%, from $610M in 2018 to $442M in 2023.

In 2018, Hong Kong exported $317M to Saudi Arabia. The main products exported from Hong Kong to Saudi Arabia were Non-Knit Women's Suits ($174M), Gas Turbines ($38.3M), and Other Non-Knit Clothing Accessories ($21.4M). During the last 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 15.9%, from $152M in 2023 to $317M in 2018.

Exports from Saudi Arabia (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Hong Kong (Flag)

Saudi Arabia Exports

Hong Kong Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Saudi Arabia than Hong Kong included China ($64.4B), Japan ($34.7B), and India ($34.8B).

In 2023, countries that imported more from Hong Kong than Saudi Arabia included Vietnam ($14.4B), South Korea ($9.5B), and Switzerland ($4.86B).

Difference in imports from Hong Kong (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Hong Kong

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Hong Kong in the exports of Metals ($190M), Machines ($95.7M), and Instruments ($57M).

During 2018, Hong Kong had a large net trade with Saudi Arabia in the exports of Textiles ($205M), Machines ($71.6M), and Precious Metals ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Hong Kong+$8.19MTelephones
Top Product Potential Hong Kong Saudi Arabia+N/AN/A

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

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

Product Space of Saudi Arabia (Flag) and Hong Kong (Flag) (2023)

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