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2023
Flag → Flag
Exports $5.41BRnk 29 / 219
2023
Flag → Flag
Top Product $707MTrunks and Cases
2023
Flag → Flag
Exports $568MRnk 29 / 198
2023
Flag → Flag
Top Product $173MJewellery
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Italy-Hong Kong Trade: In 2023, Italy exported $5.41B to Hong Kong. The main products that Italy exported to Hong Kong were Trunks and Cases ($707M), Jewellery ($575M), and Leather Footwear ($271M). Over the past 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 3.76%, from $6.55B in 2018 to $5.41B in 2023.

In 2020, Italy exported services to Hong Kong worth $192M, with Other business services ($65M), Transportation ($39.7M), and Royalties and license fees ($33.6M) being the largest in terms of value.

Hong Kong-Italy Trade: In 2023, Hong Kong exported $568M to Italy. The main products that Hong Kong exported to Italy were Jewellery ($173M), Trunks and Cases ($43.7M), and Precious Stones ($17.6M). Over the past 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 7.09%,  from $403M in 2018 to $568M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €398M and imported €21.7M from Hong Kong, resulting in a positive trade balance of €376M. Between October 2023 and October 2024 the exports of Italy have decreased by €-5.27M (-1.31%) from €403M to €398M, while imports decreased by €-8.52M (-28.2%) from €30.2M to €21.7M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-5.27M(-1.31%)
IMPORT GROWTH (October 2023 - October 2024)€-8.52M(-28.2%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Hong Kong and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $5.41B to Hong Kong. The main products exported from Italy to Hong Kong were Trunks and Cases ($707M), Jewellery ($575M), and Leather Footwear ($271M). During the last 5 years the exports of Italy to Hong Kong have decreased at an annualized rate of 3.76%, from $6.55B in 2018 to $5.41B in 2023.

In 2018, Hong Kong exported $568M to Italy. The main products exported from Hong Kong to Italy were Jewellery ($173M), Trunks and Cases ($43.7M), and Precious Stones ($17.6M). During the last 5 years the exports of Hong Kong to Italy have increased at an annualized rate of 7.09%, from $403M in 2023 to $568M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Italy than Hong Kong included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Hong Kong

Flow
Scale

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

During 2023, Italy had a large net trade with Hong Kong in the exports of Textiles ($1.18B), Animal Hides ($868M), and Precious Metals ($790M).

During 2018, Hong Kong had a large net trade with Italy in the exports of Precious Metals ($242M), Textiles ($84M), and Machines ($75.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Hong Kong+$65.4MIntegrated Circuits
Top Product Potential Hong Kong Italy+$38.3MGold

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

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

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