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Pricing

2023
Flag → Flag
Exports $317MRnk 33 / 198
2023
Flag → Flag
Top Product $174MNon-Knit Women's Suits
2023
Flag → Flag
Exports $442MRnk 51 / 182
2023
Flag → Flag
Top Product $190MRaw Iron Bars
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
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GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Hong Kong-Saudi Arabia Trade: In 2023, Hong Kong exported $317M to Saudi Arabia. The main products that Hong Kong exported to Saudi Arabia were Non-Knit Women's Suits ($174M), Gas Turbines ($38.3M), and Other Non-Knit Clothing Accessories ($21.4M). Over the past 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 15.9%, from $152M in 2018 to $317M in 2023.

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

Saudi Arabia-Hong Kong Trade: In 2023, Saudi Arabia exported $442M to Hong Kong. The main products that Saudi Arabia exported to Hong Kong were Raw Iron Bars ($190M), Precious Metal Watches ($52.6M), and Gas Turbines ($40.2M). Over the past 5 years the exports of Saudi Arabia to Hong Kong have decreased at an annualized rate of 3.96%,  from $610M in 2018 to $442M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $317M to Saudi Arabia. The main products exported from Hong Kong to Saudi Arabia were Non-Knit Women's Suits ($174M), Gas Turbines ($38.3M), and Other Non-Knit Clothing Accessories ($21.4M). During the last 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 15.9%, from $152M in 2018 to $317M in 2023.

In 2018, Saudi Arabia exported $442M to Hong Kong. The main products exported from Saudi Arabia to Hong Kong were Raw Iron Bars ($190M), Precious Metal Watches ($52.6M), and Gas Turbines ($40.2M). During the last 5 years the exports of Saudi Arabia to Hong Kong have decreased at an annualized rate of 3.96%, from $610M in 2023 to $442M in 2018.

Exports from Hong Kong (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Saudi Arabia (Flag)

Hong Kong Exports

Saudi Arabia Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Hong Kong than Saudi Arabia included Vietnam ($14.4B), South Korea ($9.5B), and Switzerland ($4.86B).

In 2023, countries that imported more from Saudi Arabia than Hong Kong included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Saudi Arabia

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Saudi Arabia in the exports of Textiles ($205M), Machines ($71.6M), and Precious Metals ($10.3M).

During 2018, Saudi Arabia had a large net trade with Hong Kong in the exports of Metals ($190M), Machines ($95.7M), and Instruments ($57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Saudi Arabia+$40.1MTelephones
Top Product Potential Saudi Arabia Hong Kong+$8.19MTelephones

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 Saudi Arabia. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Saudi Arabia (Flag) (2023)

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