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Pricing

2022
Flag → Flag
Exports $1.02BRnk 25 / 198
2022
Flag → Flag
Top Product $530MBroadcasting Equipment
2022
Flag → Flag
Exports $404MRnk 45 / 138
2022
Flag → Flag
Top Product $121MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Hong Kong-Saudi Arabia Trade: In 2022, Hong Kong exported $1.02B to Saudi Arabia. The main products that Hong Kong exported to Saudi Arabia were Broadcasting Equipment ($530M), Computers ($138M), and Other Plastic Products ($57.9M). Over the past 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 31.7%, from $258M in 2017 to $1.02B in 2022.

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

Saudi Arabia-Hong Kong Trade: In 2022, Saudi Arabia exported $404M to Hong Kong. The main products that Saudi Arabia exported to Hong Kong were Gas Turbines ($121M), Raw Iron Bars ($87.9M), and Precious Metal Watches ($70.1M). Over the past 5 years the exports of Saudi Arabia to Hong Kong have increased at an annualized rate of 0.81%,  from $388M in 2017 to $404M in 2022.

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

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $1.02B to Saudi Arabia. The main products exported from Hong Kong to Saudi Arabia were Broadcasting Equipment ($530M), Computers ($138M), and Other Plastic Products ($57.9M). During the last 5 years the exports of Hong Kong to Saudi Arabia have increased at an annualized rate of 31.7%, from $258M in 2017 to $1.02B in 2022.

In 2017, Saudi Arabia exported $404M to Hong Kong. The main products exported from Saudi Arabia to Hong Kong were Gas Turbines ($121M), Raw Iron Bars ($87.9M), and Precious Metal Watches ($70.1M). During the last 5 years the exports of Saudi Arabia to Hong Kong have increased at an annualized rate of 0.81%, from $388M in 2022 to $404M in 2017.

Exports from Hong Kong (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Hong Kong (Flag) (2022)

Latest Data

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

Hong Kong Exports

Saudi Arabia Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Saudi Arabia
Top DestinationChina$68B

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 2022, countries that imported more from Hong Kong than Saudi Arabia included Switzerland ($4.11B), Israel ($3.07B), and Macau ($2.73B).

In 2022, countries that imported more from Saudi Arabia than Hong Kong included China ($68B), Japan ($36.5B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Hong Kong (Flag) (2022)

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 2022, Hong Kong had a large net trade with Saudi Arabia in the exports of Machines ($798M), Plastics and Rubbers ($59.2M), and Textiles ($58M).

During 2017, Saudi Arabia had a large net trade with Hong Kong in the exports of Machines ($147M), Metals ($94.6M), and Instruments ($76M).

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) (2022)

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