Hong Kong (HKG) and South Africa (ZAF) Trade | The Observatory of Economic Complexity

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Hong Kong-South Africa Trade: In 2023, Hong Kong exported $111M to South Africa. The main products that Hong Kong exported to South Africa were Diamonds ($11.5M), Integrated Circuits ($9.16M), and Electric Batteries ($7.56M). Over the past 5 years the exports of Hong Kong to South Africa have decreased at an annualized rate of 13.7%, from $231M in 2018 to $111M in 2023.

In 2023, Hong Kong did not export any services to South Africa.

South Africa-Hong Kong Trade: In 2023, South Africa exported $2.98B to Hong Kong. The main products that South Africa exported to Hong Kong were Gold ($1.3B), Platinum ($1.04B), and Diamonds ($196M). Over the past 5 years the exports of South Africa to Hong Kong have decreased at an annualized rate of 1.15%, from $3.16B in 2018 to $2.98B in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $111M to South Africa. The main products exported from Hong Kong to South Africa were Diamonds ($11.5M), Integrated Circuits ($9.16M), and Electric Batteries ($7.56M). During the last 5 years the exports of Hong Kong to South Africa have decreased at an annualized rate of 13.7%, from $231M in 2018 to $111M in 2023.

In 2018, South Africa exported $2.98B to Hong Kong. The main products exported from South Africa to Hong Kong were Gold ($1.3B), Platinum ($1.04B), and Diamonds ($196M). During the last 5 years the exports of South Africa to Hong Kong have decreased at an annualized rate of 1.15%, from $3.16B in 2023 to $2.98B in 2018.

Exports from Hong Kong () to South Africa () (2023)

Exports from South Africa () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and South Africa ()

Hong Kong Exports

Date

South Africa Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Hong Kong than South Africa included Vietnam ($14.4B), South Korea ($9.5B), and Malaysia ($3.57B).

In 2023, countries that imported more from South Africa than Hong Kong included United States ($13B), Germany ($10.8B), and India ($10.8B).

Difference in imports from South Africa () and Hong Kong () (2023)

Comparative Advantage Hong Kong - South Africa

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with South Africa in the exports of Machines ($51.6M), Precious Metals ($14.1M), and Metals ($10.3M).

During 2018, South Africa had a large net trade with Hong Kong in the exports of Precious Metals ($2.54B), Mineral Products ($161M), and Vegetable Products ($100M).

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 South Africa+$17.6MTelephones

Top Product Potential South Africa Hong Kong+$198MGold

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to South Africa () (2023)

Exports from South Africa () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and South Africa ()

Hong Kong Exports

South Africa Exports

Market Competitiveness

Difference in imports from South Africa () and Hong Kong () (2023)

Comparative Advantage Hong Kong - South Africa

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and South Africa () (2023)

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