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2023
Flag → Flag
Exports $943MRnk 56 / 216
2023
Flag → Flag
Top Product $544MJewellery
2023
Flag → Flag
Exports $1.02BRnk 22 / 198
2023
Flag → Flag
Top Product $566MGold
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Turkey-Hong Kong Trade: In 2023, Turkey exported $943M to Hong Kong. The main products that Turkey exported to Hong Kong were Jewellery ($544M), Gas Turbines ($43.5M), and Insulated Wire ($30.5M). Over the past 5 years the exports of Turkey to Hong Kong have increased at an annualized rate of 2.04%, from $852M in 2018 to $943M in 2023.

In 2009, Turkey exported services to Hong Kong worth $1.03M, with Insurance services ($1.03M) being the largest in terms of value.

Hong Kong-Turkey Trade: In 2023, Hong Kong exported $1.02B to Turkey. The main products that Hong Kong exported to Turkey were Gold ($566M), Gas Turbines ($305M), and Jewellery ($48.4M). Over the past 5 years the exports of Hong Kong to Turkey have increased at an annualized rate of 39.5%,  from $193M in 2018 to $1.02B in 2023.

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

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $943M to Hong Kong. The main products exported from Turkey to Hong Kong were Jewellery ($544M), Gas Turbines ($43.5M), and Insulated Wire ($30.5M). During the last 5 years the exports of Turkey to Hong Kong have increased at an annualized rate of 2.04%, from $852M in 2018 to $943M in 2023.

In 2018, Hong Kong exported $1.02B to Turkey. The main products exported from Hong Kong to Turkey were Gold ($566M), Gas Turbines ($305M), and Jewellery ($48.4M). During the last 5 years the exports of Hong Kong to Turkey have increased at an annualized rate of 39.5%, from $193M in 2023 to $1.02B in 2018.

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

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

Latest Data

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

Turkey Exports

Hong Kong Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Turkey than Hong Kong included Germany ($24.7B), United States ($15.9B), and Iraq ($12.8B).

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

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

Comparative Advantage Turkey - Hong Kong

Flow
Scale

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

During 2023, Turkey had a large net trade with Hong Kong in the exports of Precious Metals ($556M), Machines ($124M), and Textiles ($60.9M).

During 2018, Hong Kong had a large net trade with Turkey in the exports of Precious Metals ($646M), Machines ($341M), and Metals ($6.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Hong Kong+$57.9MJewellery
Top Product Potential Hong Kong Turkey+N/AN/A

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

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

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