2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Hong Kong-India Trade: In 2022, Hong Kong exported $14.3B to India. The main products that Hong Kong exported to India were Integrated Circuits ($4B), Diamonds ($1.34B), and Telephones ($1.03B). Over the past 5 years the exports of Hong Kong to India have increased at an annualized rate of 5.26%, from $11.1B in 2017 to $14.3B in 2022.

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

India-Hong Kong Trade: In 2022, India exported $9.71B to Hong Kong. The main products that India exported to Hong Kong were Diamonds ($5.2B), Jewellery ($2.97B), and Synthetic Reconstructed Jewellery Stones ($209M). Over the past 5 years the exports of India to Hong Kong have decreased at an annualized rate of 7.74%,  from $14.5B in 2017 to $9.71B in 2022.

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

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $14.3B to India. The main products exported from Hong Kong to India were Integrated Circuits ($4B), Diamonds ($1.34B), and Telephones ($1.03B). During the last 5 years the exports of Hong Kong to India have increased at an annualized rate of 5.26%, from $11.1B in 2017 to $14.3B in 2022.

In 2017, India exported $9.71B to Hong Kong. The main products exported from India to Hong Kong were Diamonds ($5.2B), Jewellery ($2.97B), and Synthetic Reconstructed Jewellery Stones ($209M). During the last 5 years the exports of India to Hong Kong have decreased at an annualized rate of 7.74%, from $14.5B in 2022 to $9.71B in 2017.

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

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

Latest Data

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

Hong Kong Exports

India Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Hong Kong than India included China ($23.4B), Macau ($2.73B), and Switzerland ($4.11B).

In 2022, countries that imported more from India than Hong Kong included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Comparative Advantage Hong Kong - India

Flow
Scale

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

During 2022, Hong Kong had a large net trade with India in the exports of Machines ($9.66B), Precious Metals ($2.77B), and Metals ($427M).

During 2017, India had a large net trade with Hong Kong in the exports of Precious Metals ($8.53B), Machines ($490M), and Animal Products ($154M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong India+$275MTelephones
Top Product Potential India Hong Kong+$307MTelephones

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

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

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