Qatar (QAT) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Qatar-Hong Kong Trade: In 2023, Qatar exported $1.19B to Hong Kong. The main products that Qatar exported to Hong Kong were Refined Petroleum ($545M), Raw Iron Bars ($204M), and Jewellery ($151M). Over the past 5 years the exports of Qatar to Hong Kong have increased at an annualized rate of 8.57%, from $790M in 2018 to $1.19B in 2023.

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

Hong Kong-Qatar Trade: In 2023, Hong Kong exported $309M to Qatar. The main products that Hong Kong exported to Qatar were Gas Turbines ($151M), Gold ($77.2M), and Broadcasting Equipment ($40.8M). Over the past 5 years the exports of Hong Kong to Qatar have increased at an annualized rate of 2.26%, from $202M in 2018 to $309M in 2023.

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

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Qatar exported $1.19B to Hong Kong. The main products exported from Qatar to Hong Kong were Refined Petroleum ($545M), Raw Iron Bars ($204M), and Jewellery ($151M). During the last 5 years the exports of Qatar to Hong Kong have increased at an annualized rate of 8.57%, from $790M in 2018 to $1.19B in 2023.

In 2018, Hong Kong exported $309M to Qatar. The main products exported from Hong Kong to Qatar were Gas Turbines ($151M), Gold ($77.2M), and Broadcasting Equipment ($40.8M). During the last 5 years the exports of Hong Kong to Qatar have increased at an annualized rate of 2.26%, from $202M in 2023 to $309M in 2018.

Exports from Qatar () to Hong Kong () (2023)

Exports from Hong Kong () to Qatar () (2023)

Latest Data

Trade between Qatar () and Hong Kong ()

Qatar Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Qatar than Hong Kong included India ($12.9B), Pakistan ($6.52B), and Japan ($8.65B).

In 2023, countries that imported more from Hong Kong than Qatar included Vietnam ($14.4B), China ($25.3B), and Switzerland ($4.86B).

Difference in imports from Hong Kong () and Qatar () (2023)

Comparative Advantage Qatar - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Hong Kong in the exports of Mineral Products ($666M), Metals ($204M), and Precious Metals ($153M).

During 2018, Hong Kong had a large net trade with Qatar in the exports of Machines ($199M), Precious Metals ($87.5M), and Textiles ($7.72M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Hong Kong+$38.9MRefined Petroleum

Top Product Potential Hong Kong Qatar+$8.65MJewellery

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

Year

This visualization shows the product space at the HS4 level with the flags of Qatar and Hong Kong. This means that a dot/product with the flag of Qatar 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 Qatar.

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Historical Data

Bilateral Trade by Products

Exports from Qatar () to Hong Kong () (2023)

Exports from Hong Kong () to Qatar () (2023)

Latest Data

Trade between Qatar () and Hong Kong ()

Qatar Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Qatar () (2023)

Comparative Advantage Qatar - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Qatar () and Hong Kong () (2023)

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