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2023
Flag → Flag
Exports $14.9BRnk 7 / 216
2023
Flag → Flag
Top Product $9.75BGold
2023
Flag → Flag
Exports $4.86BRnk 6 / 198
2023
Flag → Flag
Top Product $2.41BGold
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

United Arab Emirates-Hong Kong Trade: In 2023, United Arab Emirates exported $14.9B to Hong Kong. The main products that United Arab Emirates exported to Hong Kong were Gold ($9.75B), Diamonds ($1.7B), and Jewellery ($1.28B). Over the past 5 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 25.5%, from $4.78B in 2018 to $14.9B in 2023.

In 2023, United Arab Emirates did not export any services to Hong Kong.

Hong Kong-United Arab Emirates Trade: In 2023, Hong Kong exported $4.86B to United Arab Emirates. The main products that Hong Kong exported to United Arab Emirates were Gold ($2.41B), Precious Metal Scraps ($850M), and Diamonds ($603M). Over the past 5 years the exports of Hong Kong to United Arab Emirates have increased at an annualized rate of 1.07%,  from $4.56B in 2018 to $4.86B in 2023.

In 2023, Hong Kong did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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, United Arab Emirates exported $14.9B to Hong Kong. The main products exported from United Arab Emirates to Hong Kong were Gold ($9.75B), Diamonds ($1.7B), and Jewellery ($1.28B). During the last 5 years the exports of United Arab Emirates to Hong Kong have increased at an annualized rate of 25.5%, from $4.78B in 2018 to $14.9B in 2023.

In 2018, Hong Kong exported $4.86B to United Arab Emirates. The main products exported from Hong Kong to United Arab Emirates were Gold ($2.41B), Precious Metal Scraps ($850M), and Diamonds ($603M). During the last 5 years the exports of Hong Kong to United Arab Emirates have increased at an annualized rate of 1.07%, from $4.56B in 2023 to $4.86B in 2018.

Exports from United Arab Emirates (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Hong Kong (Flag)

United Arab Emirates Exports

Hong Kong Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from United Arab Emirates than Hong Kong included Japan ($37.4B), India ($38.2B), and Iraq ($22.6B).

In 2023, countries that imported more from Hong Kong than United Arab Emirates included Vietnam ($14.4B), South Korea ($9.5B), and Netherlands ($5.56B).

Difference in imports from Hong Kong (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Hong Kong

Flow
Scale

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

During 2023, United Arab Emirates had a large net trade with Hong Kong in the exports of Precious Metals ($13.1B), Machines ($921M), and Chemical Products ($308M).

During 2018, Hong Kong had a large net trade with United Arab Emirates in the exports of Precious Metals ($4.61B), Machines ($113M), and Chemical Products ($38.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Hong Kong+$105MTelephones
Top Product Potential Hong Kong United Arab Emirates+$97.6MGold

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 United Arab Emirates and Hong Kong. This means that a dot/product with the flag of United Arab Emirates 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 United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Hong Kong (Flag) (2023)

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