Hong Kong (HKG) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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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 0.25%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 0.25%, from $388M in 2022 to $404M in 2017.

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

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

Latest Data

Trade between Hong Kong () and Saudi Arabia ()

Hong Kong Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hong Kong () and Saudi Arabia ()

Hong Kong Exports

Saudi Arabia Exports

Market Competitiveness

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

Comparative Advantage Hong Kong - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Saudi Arabia () (2022)

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