Hong Kong (HKG) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Hong Kong-Iran Trade: In 2023, Hong Kong exported $22.8M to Iran. The main products that Hong Kong exported to Iran were Refrigerators ($4.93M), Office Machine Parts ($3.03M), and Computers ($1.56M). Over the past 5 years the exports of Hong Kong to Iran have decreased at an annualized rate of 32%, from $157M in 2018 to $22.8M in 2023.

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

Iran-Hong Kong Trade: In 2023, Iran exported $2.86M to Hong Kong. The main products that Iran exported to Hong Kong were Scrap Plastic ($799k), Polyacetals ($426k), and Other Nuts ($393k). Over the past 5 years the exports of Iran to Hong Kong have decreased at an annualized rate of 56.8%, from $190M in 2018 to $2.86M in 2023.

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

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $22.8M to Iran. The main products exported from Hong Kong to Iran were Refrigerators ($4.93M), Office Machine Parts ($3.03M), and Computers ($1.56M). During the last 5 years the exports of Hong Kong to Iran have decreased at an annualized rate of 32%, from $157M in 2018 to $22.8M in 2023.

In 2018, Iran exported $2.86M to Hong Kong. The main products exported from Iran to Hong Kong were Scrap Plastic ($799k), Polyacetals ($426k), and Other Nuts ($393k). During the last 5 years the exports of Iran to Hong Kong have decreased at an annualized rate of 56.8%, from $190M in 2023 to $2.86M in 2018.

Exports from Hong Kong () to Iran () (2023)

Exports from Iran () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Iran ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Hong Kong than Iran included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Iran than Hong Kong included Turkey ($2.18B), Pakistan ($943M), and Azerbaijan ($473M).

Difference in imports from Iran () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Iran in the exports of Machines ($15.9M), Plastics and Rubbers ($3.59M), and Instruments ($1.29M).

During 2018, Iran had a large net trade with Hong Kong in the exports of Plastics and Rubbers ($1.23M), Animal Products ($584k), and Vegetable Products ($506k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Iran+$3.6MTelephones

Top Product Potential Iran Hong Kong+$423kOther Nuts

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Iran () (2023)

Exports from Iran () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Iran ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Iran () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Iran () (2023)

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