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Trade between Hong Kong and Israel

In 2024, Hong Kong exported $2.7 billion to Israel and imported $2.1 billion. Hong Kong ran a surplus of $587 million with Israel, compared with a deficit of $1 billion in 2019. Israel was Hong Kong’s 22nd largest trading partner (0.6% of its trade), and Hong Kong was Israel’s 7th (3%).

Summary

Hong Kong → Israel
$2.7billion
Israel → Hong Kong
$2.1billion
Hong Kong’s balance
$587million

Balance

Hong Kong’s trade balance with Israel

Trade between Hong Kong and Israel grew 3.9-fold since 1995

USD billions (current). Hong Kong’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.7
  • Imports 2.1
  • Balance +0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$394 million$846 million-$452 million
1996$417 million$833 million-$416 million
1997$442 million$848 million-$405 million
1998$534 million$517 million$17 million
1999$636 million$715 million-$79 million
2000$905 million$895 million$10 million
2001$809 million$777 million$32 million
2002$1.2 billion$937 million$263 million
2003$898 million$1 billion-$130 million
2004$1.2 billion$1.2 billion-$21 million
2005$1.3 billion$1.6 billion-$314 million
2006$1.5 billion$1.9 billion-$366 million
2007$1.8 billion$3.1 billion-$1.3 billion
2008$1.8 billion$2.2 billion-$406 million
2009$1.1 billion$1.7 billion-$580 million
2010$1.4 billion$2.3 billion-$897 million
2011$1.9 billion$3.2 billion-$1.3 billion
2012$1.6 billion$2.9 billion-$1.3 billion
2013$1.7 billion$3.1 billion-$1.4 billion
2014$2.1 billion$3.5 billion-$1.4 billion
2015$2.1 billion$2.9 billion-$842 million
2016$2 billion$2.6 billion-$635 million
2017$1.9 billion$2.5 billion-$607 million
2018$1.3 billion$2.6 billion-$1.2 billion
2019$1.1 billion$2.1 billion-$1 billion
2020$2 billion$1.4 billion$594 million
2021$2.9 billion$1.6 billion$1.2 billion
2022$3.1 billion$1.7 billion$1.5 billion
2023$1.2 billion$2.5 billion-$1.3 billion
2024$2.7 billion$2.1 billion$587 million

What they sell each other

What Hong Kong sells to Israel

The top 10 headings in 2024, with their share of the total.

  1. Diamonds$473 million · 17.4%
    Hong Kong’s destinations
  2. Cameras and broadcast equipment$172 million · 6.3%
    662 tonnes
  3. Coated flat steel$158 million · 5.8%
    155 thousand tonnes
  4. Computers$136 million · 5%
    505 tonnes · Hong Kong’s destinations
  5. Microchips$104 million · 3.8%
    2 tonnes · Hong Kong’s destinations
  6. Hot-rolled flat steel$56 million · 2.1%
    71 thousand tonnes
  7. Seats and chairs$53 million · 2%
    6 thousand tonnes
  8. Monitors and projectors$49 million · 1.8%
    261 tonnes
  9. Home appliances$49 million · 1.8%
    552 tonnes
  10. Phones and telecom equipment$48 million · 1.8%
    29 tonnes

What Israel sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$711 million · 33.3%
    2 thousand tonnes
  2. Diamonds$708 million · 33.2%
    Israel’s destinations
  3. Turbojets and gas turbines$131 million · 6.2%
    76 tonnes · Hong Kong’s sources
  4. Electrical test instruments$89 million · 4.2%
    105 tonnes
  5. Jewelry$85 million · 4%
    1 tonne · Hong Kong’s sources
  6. Other measuring instruments$72 million · 3.4%
    110 tonnes
  7. Gemstones$58 million · 2.7%
  8. Microchips$45 million · 2.1%
    21 tonnes · Israel’s destinations
  9. Resistors$19 million · 0.91%
    29 tonnes
  10. Transformers and power supplies$16 million · 0.75%
    90 tonnes

How it travels

Estimated sea route from Hong Kong to Haifa.

The estimated sea route between Hong Kong and Haifa is 14,430 nautical miles (26,724 km) long: ≈ 33.5–43 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Gibraltar (14,430 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait and the Suez Canal (6,776 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.4 billion · 28.8%
  2. Air$3.5 billion · 71.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Israel was Hong Kong’s 22nd largest trading partner (0.6% of its trade), and Hong Kong was Israel’s 7th (3%).

Israel in Hong Kong’s trade
0.6%
Israel’s rank among Hong Kong’s partners
22nd
Hong Kong in Israel’s trade
3.1%
Hong Kong’s rank among Israel’s partners
7th

Compare with

Other partners of Hong Kong

Other partners of Israel

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.