2022
Exports
$238MWorld Rnk 31 / 199
Flag Rnk 43 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$336MWorld Rnk 35 / 220
Flag Rnk 58 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $238M in Cotton, making it the 31st largest exporter of Cotton in the world. At the same year, Cotton was the 43rd most exported product in Hong Kong. The main destination of Cotton exports from Hong Kong are: Indonesia ($54.1M), China ($47.6M), Bangladesh ($46.1M), Cambodia ($22.2M), and Vietnam ($17.8M).

The fastest growing export markets for Cotton of Hong Kong between 2021 and 2022 were Mexico ($1.67M), Colombia ($1.57M), and Germany ($1.54M).

Imports In 2022, Hong Kong imported $336M in Cotton, becoming the 35th largest importer of Cotton in the world. At the same year, Cotton was the 58th most imported product in Hong Kong. Hong Kong imports Cotton primarily from: China ($185M), Italy ($23.9M), United States ($22.7M), Chinese Taipei ($17.9M), and Turkey ($12M).

The fastest growing import markets in Cotton for Hong Kong between 2021 and 2022 were United States ($9.26M), Brazil ($8.13M), and Portugal ($1.41M).

COMPANIES In 2023, leading companies such as StarTech (53), Cloud Network Technology (48), and Guess Clothing (29) were at the forefront of shipping Cotton 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 Cotton. 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)$238M
IMPORTS (2022)$336M
NET TRADE (2022)-$98.1M

In 2022, Hong Kong exported $238M in Cotton. The main destinations of Hong Kong exports on Cotton were Indonesia ($54.1M), China ($47.6M), Bangladesh ($46.1M), Cambodia ($22.2M), and Vietnam ($17.8M).

In 2022, Hong Kong imported $336M in Cotton, mainly from China ($185M), Italy ($23.9M), United States ($22.7M), Chinese Taipei ($17.9M), and Turkey ($12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Mexico$1.67M (165%)
Colombia$1.57M (867%)
Germany$1.54M (587%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Hong Kong WERE (2021 - 2022):
China-$133M (-73.7%)
Bangladesh-$38.3M (-45.4%)
Indonesia-$33M (-37.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Cotton were:
In 2022, Hong Kong's main importing competitors in Cotton were:

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $29.6M
TOP IMPORT POTENTIALChina+ $45.5M

Cotton’s highest export potential is China. With an export gap of $29.6M.   Cotton’s highest import potential is China with an import gap of $45.5M.

See methodology.

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