Hong Kong (HKG) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Hong Kong-Italy Trade: In 2022, Hong Kong exported $433M to Italy. The main products that Hong Kong exported to Italy were Jewellery ($58.7M), Trunks and Cases ($31.8M), and Gold ($31.7M). Over the past 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 4.47%, from $348M in 2017 to $433M in 2022.

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

Italy-Hong Kong Trade: In 2022, Italy exported $4.63B to Hong Kong. The main products that Italy exported to Hong Kong were Jewellery ($463M), Trunks and Cases ($365M), and Leather Footwear ($194M). Over the past 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 6.38%, from $6.44B in 2017 to $4.63B in 2022.

In 2020, Italy exported services to Hong Kong worth $192M, with Other business services ($65M), Transportation ($39.7M), and Royalties and license fees ($33.6M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $433M to Italy. The main products exported from Hong Kong to Italy were Jewellery ($58.7M), Trunks and Cases ($31.8M), and Gold ($31.7M). During the last 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 4.47%, from $348M in 2017 to $433M in 2022.

In 2017, Italy exported $4.63B to Hong Kong. The main products exported from Italy to Hong Kong were Jewellery ($463M), Trunks and Cases ($365M), and Leather Footwear ($194M). During the last 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 6.38%, from $6.44B in 2022 to $4.63B in 2017.

Exports from Hong Kong () to Italy () (2022)

Exports from Italy () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Italy ()

Hong Kong Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Hong Kong than Italy included India ($14.3B), China ($23.4B), and Macau ($2.73B).

In 2022, countries that imported more from Italy than Hong Kong included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Italy in the exports of Precious Metals ($123M), Machines ($88.4M), and Textiles ($62.9M).

During 2017, Italy had a large net trade with Hong Kong in the exports of Textiles ($1.01B), Machines ($645M), and Precious Metals ($643M).

Bilateral Service Trade

Ita Year

In 2020, Italy exported services to Hong Kong worth $192M, with Other business services ($65M), Transportation ($39.7M), and Royalties and license fees ($33.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Italy () (2022)

Exports from Italy () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Italy ()

Hong Kong Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Italy

Bilateral Service Trade

Services Exports from Italy () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Italy () (2022)

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