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2023
Flag → Flag
Exports $8.26BRnk 6 / 137
2023
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Top Product $5.21BGold
2023
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Exports $2.65BRnk 12 / 198
2023
Flag → Flag
Top Product $634MBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Russia-Hong Kong Trade: In 2023, Russia exported $8.26B to Hong Kong. The main products that Russia exported to Hong Kong were Gold ($5.21B), Platinum ($2.29B), and Diamonds ($467M). Over the past 5 years the exports of Russia to Hong Kong have increased at an annualized rate of 50%, from $1.09B in 2018 to $8.26B in 2023.

In 2020, Russia exported services to Hong Kong worth $756M, with Transportation ($206M), Computer and information services ($198M), and Communications services ($191M) being the largest in terms of value.

Hong Kong-Russia Trade: In 2023, Hong Kong exported $2.65B to Russia. The main products that Hong Kong exported to Russia were Broadcasting Equipment ($634M), Computers ($507M), and Office Machine Parts ($317M). Over the past 5 years the exports of Hong Kong to Russia have increased at an annualized rate of 38.4%,  from $521M in 2018 to $2.65B in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $141M and imported $49M from Hong Kong, resulting in a positive trade balance of $91.7M. Between January 2021 and January 2022 the exports of Russia have decreased by $-23M (-14.1%) from $164M to $141M, while imports increased by $13.3M (37.4%) from $35.7M to $49M.

Trade In January 2022, the top exports of Russia to Hong Kong were Platinum ($141M), Raw Iron Bars ($7.94M), Coal Briquettes ($3.8M), Diamonds ($3.03M), and Edible Offal ($1.84M). In January 2022 the top imports of Russia from Hong Kong were Office Machine Parts ($18.3M), Refined Petroleum ($4.93M), Broadcasting Accessories ($1.4M), Computers ($1.27M), and Electric Heaters ($819k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($116M), NOVGOROD REGION ($13.2M), REPUBLIC OF SAKHA (YAKUTIA) ($5.15M), TOMSK REGION ($1.36M), and MOSCOW REGION ($1.24M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($24M), PRIMORYE TERRITORY ($14.1M), MOSCOW REGION ($2.7M), ST. PETERSBURG ($2.21M), and KRASNODAR TERRITORY ($1.99M).

Growth In January 2022, the decrease in Russia's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Mixed Mineral or Chemical Fertilizers ($-3.4M or -98.4%), Raw Iron Bars ($-2.88M or -26.6%), and Refined Petroleum ($-1.91M or -98.7%). In January 2022, the increase in Russia's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Office Machine Parts ($10.9M or 148%), Refined Petroleum ($2.14M or 76.8%), and Computers ($778k or 159%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-23M(-14.1%)
IMPORT GROWTH (January 2021 - January 2022)$13.3M(37.4%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$116M

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

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

For full datasets download visit Bulk Download page.

Explore Hong Kong and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $8.26B to Hong Kong. The main products exported from Russia to Hong Kong were Gold ($5.21B), Platinum ($2.29B), and Diamonds ($467M). During the last 5 years the exports of Russia to Hong Kong have increased at an annualized rate of 50%, from $1.09B in 2018 to $8.26B in 2023.

In 2018, Hong Kong exported $2.65B to Russia. The main products exported from Hong Kong to Russia were Broadcasting Equipment ($634M), Computers ($507M), and Office Machine Parts ($317M). During the last 5 years the exports of Hong Kong to Russia have increased at an annualized rate of 38.4%, from $521M in 2023 to $2.65B in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Russia than Hong Kong included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Hong Kong than Russia included Vietnam ($14.4B), South Korea ($9.5B), and United Kingdom ($3.27B).

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

Comparative Advantage Russia - Hong Kong

Flow
Scale

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

During 2023, Russia had a large net trade with Hong Kong in the exports of Precious Metals ($8.16B), Machines ($32.8M), and Animal Products ($21.9M).

During 2018, Hong Kong had a large net trade with Russia in the exports of Machines ($2.28B), Instruments ($133M), and Miscellaneous ($71.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Hong Kong+$134MGold
Top Product Potential Hong Kong Russia+$75.4MTelephones

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

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

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