2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Ireland-Hong Kong Trade: In 2023, Ireland exported $611M to Hong Kong. The main products that Ireland exported to Hong Kong were Jewellery ($151M), Packaged Medicaments ($90.8M), and Computers ($52.5M). Over the past 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 8.97%, from $978M in 2018 to $611M in 2023.

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 2023, Hong Kong exported $88.5M to Ireland. The main products that Hong Kong exported to Ireland were Machinery Having Individual Functions ($12.5M), Computers ($9.18M), and Jewellery ($7.21M). Over the past 5 years the exports of Hong Kong to Ireland have decreased at an annualized rate of 9.23%,  from $144M in 2018 to $88.5M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $611M to Hong Kong. The main products exported from Ireland to Hong Kong were Jewellery ($151M), Packaged Medicaments ($90.8M), and Computers ($52.5M). During the last 5 years the exports of Ireland to Hong Kong have decreased at an annualized rate of 8.97%, from $978M in 2018 to $611M in 2023.

In 2018, Hong Kong exported $88.5M to Ireland. The main products exported from Hong Kong to Ireland were Machinery Having Individual Functions ($12.5M), Computers ($9.18M), and Jewellery ($7.21M). During the last 5 years the exports of Hong Kong to Ireland have decreased at an annualized rate of 9.23%, from $144M in 2023 to $88.5M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Hong Kong
Top Destination
China$25.3B

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 2023, countries that imported more from Ireland than Hong Kong included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

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

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

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 2023, Ireland had a large net trade with Hong Kong in the exports of Precious Metals ($153M), Instruments ($135M), and Chemical Products ($126M).

During 2018, Hong Kong had a large net trade with Ireland in the exports of Machines ($42.7M), Chemical Products ($8.5M), and Precious Metals ($8.35M).

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) (2023)

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