2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

India-Hong Kong Trade: In 2023, India exported $9.73B to Hong Kong. The main products that India exported to Hong Kong were Diamonds ($4.63B), Broadcasting Equipment ($2.03B), and Jewellery ($1.7B). Over the past 5 years the exports of India to Hong Kong have decreased at an annualized rate of 4.27%, from $12.1B in 2018 to $9.73B in 2023.

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

Hong Kong-India Trade: In 2023, Hong Kong exported $3.81B to India. The main products that Hong Kong exported to India were Diamonds ($1.2B), Synthetic Reconstructed Jewellery Stones ($468M), and Precious Stones ($465M). Over the past 5 years the exports of Hong Kong to India have decreased at an annualized rate of 25%,  from $16.1B in 2018 to $3.81B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $9.73B to Hong Kong. The main products exported from India to Hong Kong were Diamonds ($4.63B), Broadcasting Equipment ($2.03B), and Jewellery ($1.7B). During the last 5 years the exports of India to Hong Kong have decreased at an annualized rate of 4.27%, from $12.1B in 2018 to $9.73B in 2023.

In 2018, Hong Kong exported $3.81B to India. The main products exported from Hong Kong to India were Diamonds ($1.2B), Synthetic Reconstructed Jewellery Stones ($468M), and Precious Stones ($465M). During the last 5 years the exports of Hong Kong to India have decreased at an annualized rate of 25%, from $16.1B in 2023 to $3.81B in 2018.

Exports from India (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from India than Hong Kong included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from Hong Kong than India included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and India (Flag) (2023)

Comparative Advantage India - Hong Kong

Flow
Scale

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

During 2023, India had a large net trade with Hong Kong in the exports of Precious Metals ($6.76B), Machines ($2.47B), and Chemical Products ($112M).

During 2018, Hong Kong had a large net trade with India in the exports of Precious Metals ($2.53B), Machines ($648M), and Chemical Products ($210M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Hong Kong+$307MTelephones
Top Product Potential Hong Kong India+$275MTelephones

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

Product Space of India (Flag) and Hong Kong (Flag) (2023)

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