2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Hong Kong-Belarus Trade: In 2022, Hong Kong exported $23M to Belarus. The main products that Hong Kong exported to Belarus were Broadcasting Equipment ($12.1M), Computers ($3.07M), and Integrated Circuits ($1.58M). Over the past 5 years the exports of Hong Kong to Belarus have increased at an annualized rate of 18.3%, from $9.92M in 2017 to $23M in 2022.

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

Belarus-Hong Kong Trade: In 2022, Belarus exported $2.59M to Hong Kong. The main products that Belarus exported to Hong Kong were Integrated Circuits ($879k), Broadcasting Equipment ($493k), and Telephones ($441k). Over the past 5 years the exports of Belarus to Hong Kong have decreased at an annualized rate of 28.6%,  from $14M in 2017 to $2.59M in 2022.

In 2014, Belarus exported services to Hong Kong worth $1.38M, with Computer and information services ($989k), Royalties and license fees ($381k), and Insurance services ($12.1k) being the largest in terms of value.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $23M to Belarus. The main products exported from Hong Kong to Belarus were Broadcasting Equipment ($12.1M), Computers ($3.07M), and Integrated Circuits ($1.58M). During the last 5 years the exports of Hong Kong to Belarus have increased at an annualized rate of 18.3%, from $9.92M in 2017 to $23M in 2022.

In 2017, Belarus exported $2.59M to Hong Kong. The main products exported from Belarus to Hong Kong were Integrated Circuits ($879k), Broadcasting Equipment ($493k), and Telephones ($441k). During the last 5 years the exports of Belarus to Hong Kong have decreased at an annualized rate of 28.6%, from $14M in 2022 to $2.59M in 2017.

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

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

Latest Data

Trade between Hong Kong (Flag) and Belarus (Flag)

Hong Kong Exports

Belarus Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Hong Kong than Belarus included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Belarus than Hong Kong included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

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

Comparative Advantage Hong Kong - Belarus

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Belarus in the exports of Machines ($20.5M), Instruments ($1.69M), and Textiles ($444k).

During 2017, Belarus had a large net trade with Hong Kong in the exports of Machines ($1.93M), Miscellaneous ($196k), and Stone And Glass ($172k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Belarus+$7.17MTelephones
Top Product Potential Belarus Hong Kong+$2.28MIntegrated 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

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

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

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