2018
Exports
$7.17MWorld Rnk 59 / 186
Flag Rnk 550 / 1177
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts
-0.5Rnk 703 / 1025
2018
Imports
$140MWorld Rnk 19 / 221
Flag Rnk 244 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2018, Hong Kong exported $7.17M in Coffee and Tea Extracts, making it the 59th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 550th most exported product in Hong Kong. The main destination of Coffee and Tea Extracts exports from Hong Kong are: United Arab Emirates ($1.62M), South Korea ($1.28M), Macau ($1.2M), Saudi Arabia ($1.02M), and China ($322k).

The fastest growing export markets for Coffee and Tea Extracts of Hong Kong between 2021 and 2022 were South Korea ($1.09M), Saudi Arabia ($283k), and Macau ($195k).

Imports In 2022, Hong Kong imported $140M in Coffee and Tea Extracts, becoming the 19th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 244th most imported product in Hong Kong. Hong Kong imports Coffee and Tea Extracts primarily from: China ($63.4M), Malaysia ($32.4M), Japan ($7.68M), Thailand ($7.14M), and Indonesia ($4.85M).

The fastest growing import markets in Coffee and Tea Extracts for Hong Kong between 2021 and 2022 were China ($31.9M), Malaysia ($9.05M), and Thailand ($1.2M).

COMPANIES In 2023, leading companies such as Walong Marketing (13) and ASOS (1) were at the forefront of shipping Coffee and Tea Extracts from Hong Kong to the United States.

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 Coffee and Tea 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)$7.17M
IMPORTS (2022)$140M
NET TRADE (2022)-$133M

In 2022, Hong Kong exported $7.17M in Coffee and Tea Extracts. The main destinations of Hong Kong exports on Coffee and Tea Extracts were United Arab Emirates ($1.62M), South Korea ($1.28M), Macau ($1.2M), Saudi Arabia ($1.02M), and China ($322k).

In 2022, Hong Kong imported $140M in Coffee and Tea Extracts, mainly from China ($63.4M), Malaysia ($32.4M), Japan ($7.68M), Thailand ($7.14M), and Indonesia ($4.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
South Korea$1.09M (554%)
Saudi Arabia$283k (38.7%)
Macau$195k (19.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Hong Kong WERE (2021 - 2022):
China-$1.49M (-82.2%)
Malaysia-$569k (-70.3%)
Kenya-$275k (-53.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Coffee and Tea Extracts were:
In 2022, Hong Kong's main importing competitors in Coffee and Tea Extracts were:

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $329k
TOP IMPORT POTENTIALIndonesia+ $2.56M

Coffee and Tea Extracts’s highest export potential is China. With an export gap of $329k.   Coffee and Tea Extracts’s highest import potential is Indonesia with an import gap of $2.56M.

See methodology.

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