Turkey (TUR) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Turkey-Hong Kong In 2022, Turkey exported $994M to Hong Kong. The main products that Turkey exported to Hong Kong are Jewellery ($531M), Gold ($51.2M), and Animal Organs ($37.8M). During the last 27 years the exports of Turkey to Hong Kong have increased at an annualized rate of 5.57%, from $230M in 1995 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.

Hong Kong-Turkey 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). During the last 27 years the exports of Hong Kong to Turkey have increased at an annualized rate of 3.04%, from $196M in 1995 to $440M in 2022.

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

Comparison In 2022, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Turkey to Hong Kong have increased at an annualized rate of 5.57%, from $230M in 1995 to $994M in 2022.

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 27 years the exports of Hong Kong to Turkey have increased at an annualized rate of 3.04%, from $196M in 1995 to $440M in 2022.

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

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

Latest Data

Trade between Turkey () and Hong Kong ()

Turkey Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Hong Kong
Top DestinationChina$23.4B

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 2021, countries that imported more from Turkey than Hong Kong were Germany ($21.9B), Iraq ($13.7B), and United States ($17.1B).

In 2021, countries that imported more from Hong Kong than Turkey were China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

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

Comparative Advantage Turkey - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Hong Kong in the exports of Precious Metals ($584M), Machines ($86.4M), and Animal Products ($57.7M).

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).

Service Trade

Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Turkey () to Hong Kong () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong has comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Turkey () and Hong Kong ()

Turkey Exports

Hong Kong Exports

Market Competitiveness

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

Comparative Advantage Turkey - Hong Kong

Service Trade

Bilateral Service Trade

Services Exports from Turkey () to Hong Kong () (2009)

Economic Complexity

Competitive Landscape

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

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