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Trade between Hong Kong and Qatar

In 2024, Hong Kong exported $523 million to Qatar and imported $1 billion. Hong Kong ran a deficit of $496 million with Qatar, compared with a deficit of $308 million in 2019. Qatar was Hong Kong’s 32nd largest trading partner (0.2% of its trade), and Hong Kong was Qatar’s 15th (1%).

Summary

Hong Kong → Qatar
$523million
Qatar → Hong Kong
$1billion
Hong Kong’s balance
-$496million

Balance

Hong Kong’s trade balance with Qatar

Trade between Hong Kong and Qatar grew 60.7-fold since 1995

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

  • Exports 0.5
  • Imports 1
  • Balance -0.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$16 million$10 million$6 million
1996$16 million$6 million$11 million
1997$22 million$9 million$13 million
1998$16 million$5 million$11 million
1999$20 million$13 million$7 million
2000$42 million$26 million$15 million
2001$38 million$20 million$18 million
2002$52 million$17 million$35 million
2003$26 million$22 million$4 million
2004$25 million$26 million-$825 thousand
2005$21 million$29 million-$9 million
2006$41 million$30 million$12 million
2007$31 million$24 million$7 million
2008$43 million$23 million$19 million
2009$49 million$16 million$33 million
2010$52 million$78 million-$26 million
2011$68 million$37 million$31 million
2012$60 million$211 million-$150 million
2013$72 million$214 million-$141 million
2014$34 million$191 million-$157 million
2015$71 million$119 million-$48 million
2016$49 million$88 million-$39 million
2017$65 million$155 million-$90 million
2018$202 million$790 million-$587 million
2019$291 million$599 million-$308 million
2020$598 million$690 million-$93 million
2021$464 million$666 million-$203 million
2022$485 million$676 million-$191 million
2023$310 million$1.2 billion-$870 million
2024$523 million$1 billion-$496 million

What they sell each other

What Hong Kong sells to Qatar

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

  1. Turbojets and gas turbines$338 million · 64.7%
    176 tonnes · Hong Kong’s destinations
  2. Gold$113 million · 21.7%
    2 tonnes · Hong Kong’s destinations
  3. Jewelry$12 million · 2.3%
    1 tonne · Hong Kong’s destinations
  4. Other plastic articles$6 million · 1.1%
    173 tonnes
  5. Bags, suitcases and cases$4 million · 0.71%
    114 tonnes
  6. Women's suits and dresses$3 million · 0.61%
    74 tonnes
  7. Costume jewelry$2 million · 0.47%
    62 tonnes
  8. Diamonds$2 million · 0.42%
    Hong Kong’s destinations
  9. Other wristwatches$2 million · 0.36%
    25 tonnes
  10. 57 tonnes

What Qatar sells to Hong Kong

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

  1. Refined petroleum$412 million · 40.4%
    384 thousand tonnes · Qatar’s destinations
  2. Natural gas and LPG$220 million · 21.6%
    442 thousand tonnes
  3. Jewelry$141 million · 13.9%
    Hong Kong’s sources
  4. Steel bars$115 million · 11.3%
    202 thousand tonnes
  5. Turbojets and gas turbines$101 million · 10%
    69 tonnes · Hong Kong’s sources
  6. Hydrogen and rare gases$15 million · 1.5%
    131 tonnes
  7. Polyethylene$3 million · 0.3%
    3 thousand tonnes · Qatar’s destinations
  8. Phones and telecom equipment$2 million · 0.19%
  9. Diamonds$2 million · 0.15%
    Hong Kong’s sources
  10. Perfumes$1 million · 0.13%
    21 tonnes

How it travels

Estimated sea route from Hong Kong to Hamad Port.

The estimated sea route between Hong Kong and Hamad Port is 5,200 nautical miles (9,630 km) long: ≈ 12–15.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore; and Strait of Hormuz.

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$805 million · 52.3%
  2. Air$736 million · 47.7%

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

How much each matters to the other

Qatar was Hong Kong’s 32nd largest trading partner (0.2% of its trade), and Hong Kong was Qatar’s 15th (1%).

Qatar in Hong Kong’s trade
0.2%
Qatar’s rank among Hong Kong’s partners
32nd
Hong Kong in Qatar’s trade
1.2%
Hong Kong’s rank among Qatar’s partners
15th

Compare with

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.