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Exports In 2022, Hong Kong exported $8.27M in Animal Extracts, making it the 11th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 518th most exported product in Hong Kong. The main destination of Animal Extracts exports from Hong Kong are: United States ($6.36M), Macau ($1.34M), Malaysia ($210k), South Korea ($176k), and China ($67.4k).

The fastest growing export markets for Animal Extracts of Hong Kong between 2021 and 2022 were United States ($1.86M), Malaysia ($126k), and Chinese Taipei ($26.4k).

Imports In 2022, Hong Kong imported $22.5M in Animal Extracts, becoming the 4th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 550th most imported product in Hong Kong. Hong Kong imports Animal Extracts primarily from: China ($12.8M), Thailand ($3.46M), Chinese Taipei ($3.06M), Japan ($1.66M), and Malaysia ($553k).

The fastest growing import markets in Animal Extracts for Hong Kong between 2021 and 2022 were Malaysia ($484k), France ($247k), and South Korea ($175k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal Extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.27M
IMPORTS (2022)$22.5M
NET TRADE (2022)-$14.2M

In 2022, Hong Kong exported $8.27M in Animal Extracts. The main destinations of Hong Kong exports on Animal Extracts were United States ($6.36M), Macau ($1.34M), Malaysia ($210k), South Korea ($176k), and China ($67.4k).

In 2022, Hong Kong imported $22.5M in Animal Extracts, mainly from China ($12.8M), Thailand ($3.46M), Chinese Taipei ($3.06M), Japan ($1.66M), and Malaysia ($553k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$1.86M (41.4%)
Malaysia$126k (149%)
Chinese Taipei$26.4k (638%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Hong Kong WERE (2021 - 2022):
Macau-$49k (-3.52%)
China-$33.1k (-33%)
New Zealand-$2.05k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Hong Kong's main exporting competitors in Animal Extracts were:
In 2022, Hong Kong's main importing competitors in Animal Extracts were:

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $88.1k
TOP IMPORT POTENTIALItaly+ $75.1k

Animal Extracts’s highest export potential is China. With an export gap of $88.1k.   Animal Extracts’s highest import potential is Italy with an import gap of $75.1k.

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