2022
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GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
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 GDP
$360BCURRENT US$
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2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Ireland-Hong Kong Trade: In 2022, Ireland exported $674M to Hong Kong. The main products that Ireland exported to Hong Kong were Packaged Medicaments ($232M), Office Machine Parts ($72.8M), and Other Measuring Instruments ($47M). Over the past 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 0.54%, from $693M in 2017 to $674M in 2022.

In 2020, Ireland exported services to Hong Kong worth $435M, with Other business services ($216M), Financial services ($130M), and Insurance services ($74.2M) being the largest in terms of value.

Hong Kong-Ireland Trade: In 2022, Hong Kong exported $199M to Ireland. The main products that Hong Kong exported to Ireland were Gas Turbines ($79.8M), Computers ($18.2M), and Broadcasting Equipment ($11.4M). Over the past 5 years the exports of Hong Kong to Ireland have increased at an annualized rate of 10.2%,  from $123M in 2017 to $199M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $674M to Hong Kong. The main products exported from Ireland to Hong Kong were Packaged Medicaments ($232M), Office Machine Parts ($72.8M), and Other Measuring Instruments ($47M). During the last 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 0.54%, from $693M in 2017 to $674M in 2022.

In 2017, Hong Kong exported $199M to Ireland. The main products exported from Hong Kong to Ireland were Gas Turbines ($79.8M), Computers ($18.2M), and Broadcasting Equipment ($11.4M). During the last 5 years the exports of Hong Kong to Ireland have increased at an annualized rate of 10.2%, from $123M in 2022 to $199M in 2017.

Exports from Ireland (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Ireland than Hong Kong included United States ($70.7B), Germany ($28.6B), and Belgium ($17B).

In 2022, countries that imported more from Hong Kong than Ireland included India ($14.3B), China ($23.4B), and Thailand ($3.43B).

Difference in imports from Hong Kong (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Hong Kong

Flow
Scale

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

During 2022, Ireland had a large net trade with Hong Kong in the exports of Chemical Products ($259M), Machines ($162M), and Instruments ($123M).

During 2017, Hong Kong had a large net trade with Ireland in the exports of Machines ($148M), Textiles ($12.9M), and Precious Metals ($7.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Hong Kong+$54.8MIntegrated Circuits
Top Product Potential Hong Kong Ireland+$31.8MTelephones

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 Ireland and Hong Kong. This means that a dot/product with the flag of Ireland 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 Ireland.

Product Space of Ireland (Flag) and Hong Kong (Flag) (2022)

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