2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 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

Israel-Hong Kong Trade: In 2023, Israel exported $2.46B to Hong Kong. The main products that Israel exported to Hong Kong were Diamonds ($1.14B), Broadcasting Equipment ($761M), and Oscilloscopes ($67.2M). Over the past 5 years the exports of Israel to Hong Kong have decreased at an annualized rate of 0.76%, from $2.55B in 2018 to $2.46B in 2023.

In 2012, Israel exported services to Hong Kong worth $179M, with Computer and information services ($179M) being the largest in terms of value.

Hong Kong-Israel Trade: In 2023, Hong Kong exported $1.11B to Israel. The main products that Hong Kong exported to Israel were Diamonds ($482M), Broadcasting Equipment ($60.1M), and Integrated Circuits ($40.4M). Over the past 5 years the exports of Hong Kong to Israel have decreased at an annualized rate of 3.54%,  from $1.33B in 2018 to $1.11B in 2023.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $2.46B to Hong Kong. The main products exported from Israel to Hong Kong were Diamonds ($1.14B), Broadcasting Equipment ($761M), and Oscilloscopes ($67.2M). During the last 5 years the exports of Israel to Hong Kong have decreased at an annualized rate of 0.76%, from $2.55B in 2018 to $2.46B in 2023.

In 2018, Hong Kong exported $1.11B to Israel. The main products exported from Hong Kong to Israel were Diamonds ($482M), Broadcasting Equipment ($60.1M), and Integrated Circuits ($40.4M). During the last 5 years the exports of Hong Kong to Israel have decreased at an annualized rate of 3.54%, from $1.33B in 2023 to $1.11B in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Hong Kong (Flag)

Israel Exports

Hong Kong Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Israel than Hong Kong included United States ($20.3B), Ireland ($4.22B), and Egypt ($2.23B).

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

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

Comparative Advantage Israel - Hong Kong

Flow
Scale

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

During 2023, Israel had a large net trade with Hong Kong in the exports of Precious Metals ($1.22B), Machines ($1.04B), and Instruments ($141M).

During 2018, Hong Kong had a large net trade with Israel in the exports of Precious Metals ($509M), Machines ($354M), and Metals ($60.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Hong Kong+$127MIntegrated Circuits
Top Product Potential Hong Kong Israel+$11.8MGas Turbines

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

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

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