2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Hong Kong-Israel Trade: In 2022, Hong Kong exported $3.07B to Israel. The main products that Hong Kong exported to Israel were Diamonds ($495M), Broadcasting Equipment ($240M), and Computers ($206M). Over the past 5 years the exports of Hong Kong to Israel have increased at an annualized rate of 10.2%, from $1.89B in 2017 to $3.07B in 2022.

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

Israel-Hong Kong Trade: In 2022, Israel exported $1.68B to Hong Kong. The main products that Israel exported to Hong Kong were Diamonds ($882M), Broadcasting Equipment ($113M), and Integrated Circuits ($96.5M). Over the past 5 years the exports of Israel to Hong Kong have decreased at an annualized rate of 12.6%,  from $3.3B in 2017 to $1.68B in 2022.

In 2012, Israel exported services to Hong Kong worth $179M, with Computer and information services ($179M) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $3.07B to Israel. The main products exported from Hong Kong to Israel were Diamonds ($495M), Broadcasting Equipment ($240M), and Computers ($206M). During the last 5 years the exports of Hong Kong to Israel have increased at an annualized rate of 10.2%, from $1.89B in 2017 to $3.07B in 2022.

In 2017, Israel exported $1.68B to Hong Kong. The main products exported from Israel to Hong Kong were Diamonds ($882M), Broadcasting Equipment ($113M), and Integrated Circuits ($96.5M). During the last 5 years the exports of Israel to Hong Kong have decreased at an annualized rate of 12.6%, from $3.3B in 2022 to $1.68B in 2017.

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

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

Latest Data

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

Hong Kong Exports

Israel Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Israel
Top Destination
United States$20.3B

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

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

In 2022, countries that imported more from Israel than Hong Kong included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

Comparative Advantage Hong Kong - Israel

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Israel in the exports of Machines ($1.47B), Precious Metals ($533M), and Metals ($322M).

During 2017, Israel had a large net trade with Hong Kong in the exports of Precious Metals ($939M), Machines ($457M), and Instruments ($184M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Israel+$11.8MGas Turbines
Top Product Potential Israel Hong Kong+$127MIntegrated 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 Israel. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Hong Kong.

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

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