2022
Flag  
GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC 
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Saudi Arabia-Hong Kong Trade: In 2022, Saudi Arabia exported $404M to Hong Kong. The main products that Saudi Arabia exported to Hong Kong were Gas Turbines ($121M), Raw Iron Bars ($87.9M), and Precious Metal Watches ($70.1M). Over the past 5 years the exports of Saudi Arabia to Hong Kong have increased at an annualized rate of 0.81%, from $388M in 2017 to $404M in 2022.

In 2022, Saudi Arabia did not export any services to Hong Kong.

Hong Kong-Saudi Arabia In N/A, Hong Kong did not export any products to Saudi Arabia.

In 2022, Hong Kong did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $404M to Hong Kong. The main products exported from Saudi Arabia to Hong Kong were Gas Turbines ($121M), Raw Iron Bars ($87.9M), and Precious Metal Watches ($70.1M). During the last 5 years the exports of Saudi Arabia to Hong Kong have increased at an annualized rate of 0.81%, from $388M in 2017 to $404M in 2022.

Hong Kong does not register exports to Saudi Arabia. The main products exported from Hong Kong to Saudi Arabia were Broadcasting Equipment ($530M), Computers ($138M), and Other Plastic Products ($57.9M).

Exports from Saudi Arabia (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Hong Kong (Flag)

Saudi Arabia Exports

Hong Kong Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Saudi Arabia than Hong Kong included China ($68B), Japan ($36.5B), and South Korea ($36B).

In 2022, countries that imported more from Hong Kong than Saudi Arabia included Switzerland ($4.11B), Israel ($3.07B), and Macau ($2.73B).

Difference in imports from Hong Kong (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Hong Kong

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Hong Kong in the exports of Machines ($147M), Metals ($94.6M), and Instruments ($76M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Hong Kong+$8.19MTelephones
Top Product Potential Hong Kong Saudi Arabia+$40.1MTelephones

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

Product Space of Saudi Arabia (Flag) and Hong Kong (Flag) (2022)

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