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2022
Flag → Flag
Exports $883MRnk 50 / 218
2022
Flag → Flag
Top Product $72.3MGas Turbines
2022
Flag → Flag
Exports $329MRnk 36 / 198
2022
Flag → Flag
Top Product $58.8MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Spain-Hong Kong Trade: In 2022, Spain exported $883M to Hong Kong. The main products that Spain exported to Hong Kong were Gas Turbines ($72.3M), Trunks and Cases ($63M), and Beauty Products ($57.5M). Over the past 5 years the exports of Spain to Hong Kong have decreased at an annualized rate of 4.99%, from $1.14B in 2017 to $883M in 2022.

In 2016, Spain exported services to Hong Kong worth $0, with being the largest in terms of value.

Hong Kong-Spain Trade: In 2022, Hong Kong exported $329M to Spain. The main products that Hong Kong exported to Spain were Gas Turbines ($58.8M), Broadcasting Equipment ($39.5M), and Jewellery ($18M). Over the past 5 years the exports of Hong Kong to Spain have increased at an annualized rate of 0.89%,  from $288M in 2017 to $329M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €78M and imported €28M from Hong Kong, resulting in a positive trade balance of €50M. Between August 2023 and August 2024 the exports of Spain have increased by €17.8M (29.5%) from €60.2M to €78M, while imports increased by €7.5M (36.6%) from €20.5M to €28M.

Trade In August 2024, the top exports of Spain to Hong Kong were Trunks and Cases (€4.51M), Beauty Products (€3.09M), Precious Metal Watches (€3.06M), Base Metal Watches (€2.09M), and Packaged Medicaments (€2.04M). In August 2024 the top imports of Spain from Hong Kong were Telephones (€4M), Jewellery (€1.09M), Computers (€724k), Base Metal Watches (€691k), and Printed Circuit Boards (€471k).

Origins In August 2024 the exports of Spain were mainly from Madrid (€40.1M), Barcelona (€15.4M), Álava (€2.3M), Girona (€1.99M), and Pontevedra (€1.96M), while imports destinations were mainly Madrid (€8.94M), Barcelona (€8.63M), Valencia (€1.72M), Murcia (€1.38M), and Sevilla (€1.31M).

Growth In August 2024, the increase in Spain's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Packaged Medicaments (€1.28M or 167%), Precious Metal Watches (€1.08M or 54.3%), and Other toys (€613k or 773%). In August 2024, the increase in Spain's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Base Metal Watches (€470k or 213%), Trunks and Cases (€337k or 385%), and Telephones (€333k or 9.08%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€17.8M(29.5%)
IMPORT GROWTH (August 2023 - August 2024)€7.5M(36.6%)
MAIN EXPORTER (August 2024)Madrid€40.1M

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

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

For full datasets download visit Bulk Download page.

Explore Hong Kong and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $883M to Hong Kong. The main products exported from Spain to Hong Kong were Gas Turbines ($72.3M), Trunks and Cases ($63M), and Beauty Products ($57.5M). During the last 5 years the exports of Spain to Hong Kong have decreased at an annualized rate of 4.99%, from $1.14B in 2017 to $883M in 2022.

In 2017, Hong Kong exported $329M to Spain. The main products exported from Hong Kong to Spain were Gas Turbines ($58.8M), Broadcasting Equipment ($39.5M), and Jewellery ($18M). During the last 5 years the exports of Hong Kong to Spain have increased at an annualized rate of 0.89%, from $288M in 2022 to $329M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Spain than Hong Kong included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Hong Kong than Spain included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

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

Comparative Advantage Spain - Hong Kong

Flow
Scale

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

During 2022, Spain had a large net trade with Hong Kong in the exports of Machines ($165M), Chemical Products ($150M), and Instruments ($96.9M).

During 2017, Hong Kong had a large net trade with Spain in the exports of Machines ($197M), Miscellaneous ($23M), and Precious Metals ($22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Hong Kong+$26.3MCars
Top Product Potential Hong Kong Spain+$49.3MTelephones

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 Spain and Hong Kong. This means that a dot/product with the flag of Spain 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 Spain.

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

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