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2022
Flag → Flag
Exports $440MRnk 31 / 198
2022
Flag → Flag
Top Product $294MGas Turbines
2022
Flag → Flag
Exports $994MRnk 55 / 219
2022
Flag → Flag
Top Product $531MJewellery
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
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GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Hong Kong-Turkey Trade: In 2022, Hong Kong exported $440M to Turkey. The main products that Hong Kong exported to Turkey were Gas Turbines ($294M), Gold ($59.5M), and Rolled Tobacco ($10.8M). Over the past 5 years the exports of Hong Kong to Turkey have increased at an annualized rate of 24.5%, from $147M in 2017 to $440M in 2022.

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

Turkey-Hong Kong Trade: In 2022, Turkey exported $994M to Hong Kong. The main products that Turkey exported to Hong Kong were Jewellery ($531M), Gold ($51.2M), and Animal Organs ($37.8M). Over the past 5 years the exports of Turkey to Hong Kong have increased at an annualized rate of 8.88%,  from $649M in 2017 to $994M in 2022.

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

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $440M to Turkey. The main products exported from Hong Kong to Turkey were Gas Turbines ($294M), Gold ($59.5M), and Rolled Tobacco ($10.8M). During the last 5 years the exports of Hong Kong to Turkey have increased at an annualized rate of 24.5%, from $147M in 2017 to $440M in 2022.

In 2017, Turkey exported $994M to Hong Kong. The main products exported from Turkey to Hong Kong were Jewellery ($531M), Gold ($51.2M), and Animal Organs ($37.8M). During the last 5 years the exports of Turkey to Hong Kong have increased at an annualized rate of 8.88%, from $649M in 2022 to $994M in 2017.

Exports from Hong Kong (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Hong Kong (Flag) (2022)

Latest Data

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

Hong Kong Exports

Turkey Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Hong Kong than Turkey included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

In 2022, countries that imported more from Turkey than Hong Kong included Germany ($21.9B), Iraq ($13.7B), and United States ($17.1B).

Difference in imports from Turkey (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Turkey

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Turkey in the exports of Machines ($321M), Precious Metals ($62.7M), and Transportation ($12.3M).

During 2017, Turkey had a large net trade with Hong Kong in the exports of Precious Metals ($584M), Machines ($86.4M), and Animal Products ($57.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Turkey+$71.3MGold
Top Product Potential Turkey Hong Kong+$57.9MJewellery

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 Hong Kong and Turkey. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Turkey (Flag) (2022)

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