2022
Exports
$358MWorld Rnk 15 / 166
Flag Rnk 50 / 1177
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$176MWorld Rnk 36 / 224
Flag Rnk 213 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $358M in Concentrated Milk, making it the 15th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 50th most exported product in Hong Kong. The main destination of Concentrated Milk exports from Hong Kong are: China ($293M), Macau ($64.3M), Chinese Taipei ($605k), Guyana ($77.3k), and Malaysia ($64.4k).

The fastest growing export markets for Concentrated Milk of Hong Kong between 2021 and 2022 were Chinese Taipei ($408k), Guyana ($77.3k), and Djibouti ($55.9k).

Imports In 2022, Hong Kong imported $176M in Concentrated Milk, becoming the 36th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 213th most imported product in Hong Kong. Hong Kong imports Concentrated Milk primarily from: New Zealand ($46.6M), Netherlands ($42.9M), Ireland ($16.6M), China ($12.6M), and Malaysia ($10.2M).

The fastest growing import markets in Concentrated Milk for Hong Kong between 2021 and 2022 were Netherlands ($12.3M), Chinese Taipei ($5.47M), and Denmark ($2.13M).

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 Concentrated Milk. 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)$358M
IMPORTS (2022)$176M
NET TRADE (2022)$183M

In 2022, Hong Kong exported $358M in Concentrated Milk. The main destinations of Hong Kong exports on Concentrated Milk were China ($293M), Macau ($64.3M), Chinese Taipei ($605k), Guyana ($77.3k), and Malaysia ($64.4k).

In 2022, Hong Kong imported $176M in Concentrated Milk, mainly from New Zealand ($46.6M), Netherlands ($42.9M), Ireland ($16.6M), China ($12.6M), and Malaysia ($10.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Chinese Taipei$408k (207%)
Guyana$77.3k (1%)
Djibouti$55.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Hong Kong WERE (2021 - 2022):
China-$71.1M (-19.5%)
Macau-$14.1M (-18%)
Singapore-$161k (-99%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Concentrated Milk were:
In 2022, Hong Kong's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $31.9M
TOP IMPORT POTENTIALUnited States+ $3.63M

Concentrated Milk’s highest export potential is China. With an export gap of $31.9M.   Concentrated Milk’s highest import potential is United States with an import gap of $3.63M.

See methodology.

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