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Trade between Hong Kong and the United Arab Emirates

In 2024, Hong Kong exported $14.5 billion to the United Arab Emirates and imported $19.7 billion. Hong Kong ran a deficit of $5.2 billion with the United Arab Emirates, compared with a deficit of $826 million in 2019. The United Arab Emirates was Hong Kong’s 7th largest trading partner (4% of its trade), and Hong Kong was the United Arab Emirates’ 4th (6%).

Summary

Hong Kong → United Arab Emirates
$14.5billion
United Arab Emirates → Hong Kong
$19.7billion
Hong Kong’s balance
-$5.2billion

Balance

Hong Kong’s trade balance with the United Arab Emirates

Trade between Hong Kong and the United Arab Emirates grew 21.4-fold since 1995

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

  • Exports 14.5
  • Imports 19.7
  • Balance -5.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$405 million$789 million
1996$1.3 billion$270 million$1 billion
1997$1.3 billion$292 million$989 million
1998$1.1 billion$242 million$837 million
1999$918 million$274 million$644 million
2000$1.1 billion$526 million$532 million
2001$1.1 billion$702 million$439 million
2002$1.4 billion$938 million$457 million
2003$1.7 billion$1.2 billion$555 million
2004$2 billion$1.3 billion$663 million
2005$990 million$1.3 billion-$331 million
2006$2.1 billion$1.4 billion$682 million
2007$1.3 billion$1.3 billion-$24 million
2008$1.7 billion$1.7 billion-$6 million
2009$2.8 billion$1.8 billion$979 million
2010$2.7 billion$2.3 billion$406 million
2011$3.8 billion$3.7 billion$135 million
2012$2.1 billion$5.1 billion-$3.1 billion
2013$2.6 billion$6 billion-$3.4 billion
2014$3.1 billion$4.7 billion-$1.6 billion
2015$3.7 billion$4.7 billion-$1 billion
2016$3.1 billion$3.5 billion-$386 million
2017$3.8 billion$4.3 billion-$534 million
2018$4.6 billion$4.8 billion-$231 million
2019$4 billion$4.8 billion-$826 million
2020$2.3 billion$7.2 billion-$5 billion
2021$2 billion$10.2 billion-$8.2 billion
2022$2.7 billion$10.1 billion-$7.5 billion
2023$4.9 billion$14.9 billion-$10 billion
2024$14.5 billion$19.7 billion-$5.2 billion

What they sell each other

What Hong Kong sells to the United Arab Emirates

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

  1. Cameras and broadcast equipment$6.8 billion · 47.2%
    7 thousand tonnes
  2. Diamonds$2.1 billion · 14.3%
    3 tonnes · Hong Kong’s destinations
  3. Gold$1.8 billion · 12.3%
    23 tonnes · Hong Kong’s destinations
  4. Jewelry$562 million · 3.9%
    7 tonnes · Hong Kong’s destinations
  5. Precious metal scrap$541 million · 3.7%
    7 tonnes
  6. Computers$523 million · 3.6%
    2 thousand tonnes · Hong Kong’s destinations
  7. 28 tonnes
  8. 2 thousand tonnes
  9. Turbojets and gas turbines$131 million · 0.9%
    85 tonnes · Hong Kong’s destinations
  10. Other wristwatches$115 million · 0.79%
    491 tonnes

What the United Arab Emirates sells to Hong Kong

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

  1. Gold$15.8 billion · 80.2%
    209 tonnes · the United Arab Emirates’ destinations
  2. Diamonds$1.4 billion · 7%
    1 tonne · the United Arab Emirates’ destinations
  3. Jewelry$979 million · 5%
    12 tonnes · the United Arab Emirates’ destinations
  4. Video recorders and players$227 million · 1.2%
    12 tonnes
  5. Cameras and broadcast equipment$190 million · 0.96%
    243 tonnes
  6. Synthetic gemstones$150 million · 0.76%
    1 tonne
  7. Precious metal watches$145 million · 0.73%
    1 tonne
  8. Cables and wire$127 million · 0.65%
    17 thousand tonnes · Hong Kong’s sources
  9. Gemstones$100 million · 0.51%
  10. Mounted lenses and objectives$71 million · 0.36%
    63 tonnes

How it travels

Hong Kong and the United Arab Emirates traded $34.3 billion in 2024 (both directions together). They trade mostly by air: 96% of the value travels by plane.

Split by transport mode

  1. Sea$1.4 billion · 4%
  2. Air$32.9 billion · 96%

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

How much each matters to the other

The United Arab Emirates was Hong Kong’s 7th largest trading partner (4% of its trade), and Hong Kong was the United Arab Emirates’ 4th (6%).

The United Arab Emirates in Hong Kong’s trade
4.2%
The United Arab Emirates’ rank among Hong Kong’s partners
7th
Hong Kong in the United Arab Emirates’ trade
5.5%
Hong Kong’s rank among the United Arab Emirates’ partners
4th

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.