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Trade between Hong Kong and Turkey

In 2024, Hong Kong exported $338 million to Turkey and imported $985 million. Hong Kong ran a deficit of $647 million with Turkey, compared with a deficit of $369 million in 2019. Turkey was Hong Kong’s 34th largest trading partner (0.2% of its trade), and Hong Kong was Turkey’s 61st (0.2%).

Summary

Hong Kong → Turkey
$338million
Turkey → Hong Kong
$985million
Hong Kong’s balance
-$647million

Balance

Hong Kong’s trade balance with Turkey

Trade between Hong Kong and Turkey grew 3.1-fold since 1995

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

  • Exports 0.3
  • Imports 1
  • Balance -0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$194 million$237 million-$43 million
1996$243 million$219 million$24 million
1997$202 million$267 million-$65 million
1998$189 million$200 million-$10 million
1999$148 million$123 million$25 million
2000$199 million$130 million$69 million
2001$138 million$176 million-$39 million
2002$156 million$151 million$5 million
2003$156 million$145 million$11 million
2004$186 million$176 million$10 million
2005$164 million$150 million$14 million
2006$181 million$173 million$8 million
2007$208 million$198 million$10 million
2008$230 million$199 million$31 million
2009$142 million$241 million-$99 million
2010$189 million$280 million-$91 million
2011$174 million$446 million-$272 million
2012$151 million$400 million-$249 million
2013$170 million$438 million-$269 million
2014$169 million$486 million-$317 million
2015$148 million$369 million-$221 million
2016$236 million$428 million-$192 million
2017$146 million$667 million-$521 million
2018$193 million$850 million-$657 million
2019$412 million$782 million-$369 million
2020$394 million$827 million-$433 million
2021$182 million$1.2 billion-$1 billion
2022$440 million$1.1 billion-$675 million
2023$1 billion$947 million$73 million
2024$338 million$985 million-$647 million

What they sell each other

What Hong Kong sells to Turkey

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

  1. Turbojets and gas turbines$172 million · 50.8%
    97 tonnes · Hong Kong’s destinations
  2. Gold$64 million · 19%
    1 tonne · Hong Kong’s destinations
  3. Silver$18 million · 5.5%
    23 tonnes
  4. Yachts and pleasure boats$10 million · 2.8%
    136 tonnes
  5. Jewelry$8 million · 2.5%
    7 tonnes · Hong Kong’s destinations
  6. Microchips$4 million · 1.1%
    19 tonnes · Hong Kong’s destinations
  7. Capacitors$3 million · 0.87%
    7 tonnes
  8. Monitors and projectors$3 million · 0.81%
    61 tonnes
  9. Ferroalloys$3 million · 0.78%
    40 tonnes
  10. Phones and telecom equipment$2 million · 0.67%
    5 tonnes

What Turkey sells to Hong Kong

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

  1. Jewelry$604 million · 61.4%
    11 tonnes · Turkey’s destinations
  2. Gold$62 million · 6.3%
    1 tonne · Turkey’s destinations
  3. Cables and wire$17 million · 1.8%
    2 thousand tonnes · Turkey’s destinations
  4. Turbojets and gas turbines$16 million · 1.6%
    9 tonnes · Turkey’s destinations
  5. 1 thousand tonnes
  6. Refined petroleum$12 million · 1.2%
    21 thousand tonnes · Turkey’s destinations
  7. Vaccines, blood and antisera$9 million · 0.96%
    4 tonnes
  8. Chocolate$9 million · 0.93%
    2 thousand tonnes
  9. 2 thousand tonnes · Turkey’s destinations
  10. Makeup and skin care$8 million · 0.78%
    121 tonnes · Hong Kong’s sources

How it travels

Hong Kong and Turkey traded $1.3 billion in 2024 (both directions together). They trade mostly by air: 82% of the value travels by plane.

Split by transport mode

  1. Sea$242 million · 18.3%
  2. Air$1.1 billion · 81.7%

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

How much each matters to the other

Turkey was Hong Kong’s 34th largest trading partner (0.2% of its trade), and Hong Kong was Turkey’s 61st (0.2%).

Turkey in Hong Kong’s trade
0.2%
Turkey’s rank among Hong Kong’s partners
34th
Hong Kong in Turkey’s trade
0.2%
Hong Kong’s rank among Turkey’s partners
61st

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.